And still more on the pension cabalistas…

From  [excerpt]  10-23-13

Less than a year ago, the Wall Street Journal alerted its national readership to what was happening in the tiny state of Rhode Island. In a story headlined “Small State Gets Big Pension Push,” the paper noted that the state’s “rollback of public-employee retirement benefits has turned (it) into a national battleground over pensions.” With the help of billionaire former Enron trader John Arnold and his partnership with the Pew Charitable Trusts, conservative ideologues and Wall Street profiteers who engineered Rhode Island’s big pension cuts were looking to export those “reforms” to other states. Now, after two huge revelations in the last few days, we know more about what that means in practice — we know the kind of corruption and damage the “reforms” mean for taxpayers and retirees, and we know what kind of new muscle is behind the effort to bring that corruption and destruction to other states…
As we continue to point out on this blog, the forces behind the newly-filed anti-pension/anti-retiree health care initiative that covers UC consist of more than a handful of California mayors who are the public front for the effort.  There is a Regents meeting coming up in November.  Will there be discussion of this matter?  Anyone telling UC president Napolitano she has a “problem”? Will there be some charts and graphs introduced by the president explaining what the initiative, applied to UC, will mean to the university budget?  The impact on CURRENT employees and the campuses will be dramatic.  The governor has been attending Regents meetings.  Anyone talking to him?  If he starts doing the math on what this means for UC, CalPERS, and CalSTRS, he might be in for a shock.  Anyone at the Dept. of Finance telling him?  Is the Legislative Analyst talking to the legislature? 

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s