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
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