Saturday, February 25, 2012

Pension Politics

Do Democratic legislators want pension reform? - Joel Fox/Fox&Hounds
Republican legislators want pension reform because they believe it is a step toward overall fiscal reform. The governor wants pension reform to show government can fairly manage tax dollars so that voters will support his tax increase initiative. Voters want pension reform, 83% in a recent poll, because they are concerned pensions are eating away at other services they expect to receive and they don’t want to fund extravagant retirement benefits that they, themselves, don’t receive.

Do Democratic legislators want pension reform?

We’ll call that the $500 billion dollar question.