Inside the mind of a bureaucrat
Steven Greenhut: In my column for City Journal, I provide insight into how the likes of Treasurer Bill Lockyer think. Lockyer’s basic response to pension reformers: We should get over our pension envy and pay more in taxes. Said Lockyer in a speech last year: “And in my view, nothing is more important in providing for retirement security than preserving the defined benefit pension for those who have it, and restoring and reinvigorating the defined benefit leg of the three-legged retirement stool for those across the country who have lost it in the space of a few short years.” Obviously, don’t expect this crowd to reform pensions.
AUGUST 10, 2012
No comments
Write a commentRelated Articles
CalWatchDog.com Website problems
May 5, 2013 By John Seiler We’ve had some problems with our Website this weekend, but it’s back up now.
Trump budget cuts could add to California housing crisis
California’s housing crisis seems likely to soon become significantly more complicated – and quite possibly worse for poor residents who
Nullification spreading — how about ensuring privacy in CA?
June 23, 2013 By John Seiler Some good news: Nullification is spreading. AP reports: “JEFFERSON CITY, Mo. (AP) — Imagine
It is all in the numbers, the formula.
A 1% multiplier with a minimum retirement age of 68, matching SS, would be OK for a DB. But a 3% multiplier at age 50 is so far out of the ball park it is insane.
Lockyer is a typical RAGWUS scumbag!! 🙂
Lockyer himself is due to get a massive pension whenever he finally leaves government.
It’s called Looking Out for No. 1.
— John Seiler
Lockyer is a certified liar. Life long trough feeder. Never had a real job.
RAGWUS?
RAGWUS: Robert Rizzo And Government Worker Union Scam Bob!
🙂