DAVID SEROTA ALTER NET:
Why, then, are public pensions being targeted by an Enron billionaire, the Pew Charitable Trusts, corporate front groups and right-wing activists? Because pretending public pensions are the primary cause of state budget problems allows greedheads and ideologues to distract attention from -- and therefore prevent cuts to -- their beloved corporate welfare. In some cases, it also allows them to embed language in pension "reform" proposals that transfers worker retirement money into alternative investments -- the kinds that incur expensive hedge fund fees and enrich Wall Street.
http://dish.andrewsullivan.com/2013/10/17/the-gop-has-made-the-country-poorer/
Why, then, are public pensions being targeted by an Enron billionaire, the Pew Charitable Trusts, corporate front groups and right-wing activists? Because pretending public pensions are the primary cause of state budget problems allows greedheads and ideologues to distract attention from -- and therefore prevent cuts to -- their beloved corporate welfare. In some cases, it also allows them to embed language in pension "reform" proposals that transfers worker retirement money into alternative investments -- the kinds that incur expensive hedge fund fees and enrich Wall Street.
http://dish.andrewsullivan.com/2013/10/17/the-gop-has-made-the-country-poorer/
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