Economist Dean Baker addresses the absurd attacks on teachers and public safety workers for their well-deserved pensions. And as usual Baker is right on target, saying that the problem apparently is that the teachers and firefighters actually have a pension they can live on in retirement.
This is an outrage in modern America. After all, the Wall Street boys have made it so the vast majority of private sector workers can’t get by in their old age, and they plan to cut Social Security and Medicare to make it even harder. So given that factory workers and retail clerks can’t count on a decent standard of living in retirement, where does a school teacher get off earning a pension of $3,000 a month? The media want the public to be outraged over this incredible injustice. Of course, the men and women behind the curtain are saying: “pay no attention to the Wall Street people earning millions of dollars a year.”