Saturday, March 25, 2006
NYT editorial on pension reform
The short version is if you have one now you will probably be screwed out of it before you can enjoy it. But after detailing some of the horrors about to be inflicted the Times says it in a nicer way.
Real pension reform would deliver 100 percent pension funding and the use of uniform market-sensitive calculations. Instead of focusing on those goals, the House and Senate have been stuffing the legislation with opportunistic attempts to please corporate campaign contributors. But in this case, less is definitely more.After all these years of Republican rule, does anybody expect them to do anything else?
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