The Public Pension Outrage and Alan Greenspan's Pension

Monday 16 August 2010

by: Dean Baker, t r u t h o u t | Op-Ed

In recent weeks, there has been a serious effort by the conservatives and even many centrists to whip up anger at public sector workers over their pensions. The basic story is that public sector workers get better pensions on average than their private sector counterparts. At the same time, most state and local pension funds have large shortfalls, implying that additional government revenue will be needed to keep them solvent.

This is supposed to make people really angry at public sector workers. The right-wing noise factory has been whipping up the hostility at public employees, sensing that they may have another ACORN on their hands. A New York Times columnist even called on retired public employees to give back pensions for which they worked and have solid legal claims.