While the CEOs of the American oligarchy continue to reap obscene bonuses and raises, even when their profits and share prices slide, “our” legislate-whores—the ones who constantly kowtow to these captains of magic paper wealth (not so much of industry any more)—are voting to make life worse for average working people.
Instead of trying to find ways to fund future pension needs, Kentucky’s piss poor General Assembly “leaders” are taking the easy, expedient route to ensure the solvency of the state’s public pension fund by, voila !, reducing the amounts it will pay out in the future.
I’m sure that among all the charts and graphs to which those brave souls refer in making their decisions is the one showing how the cost of things will be staying the same or going down in the future?
They call it a pension “reform” bill. Reform, of course, rarely means what it once did, which was improvement. Now it just means cutback, and underlying that is the same insulting “code” philosophy that was behind welfare reform: those lazy bums are sucking too much off the public teat. Never mind that state workers pay their dues for decades in order to reap this so-called exorbitance.
But hey, what other kind of decision-making would you expect from these wannabes. After all, they’re only following the example of their CEO heroes, the ones hailed as geniuses for coming up with the original idea of cutting payrolls to boost profits. Wall Street always lauds them and corporate boards always reward them handsomely for it.
The legislators have gotten the message, cut the heart out of the peons and everything will work out OK.
Yes we do, and just why might that be?
If there is a coming revolution, breakdown, apocalypse or whatever in this country, our so-called leaders are bringing it on themselves. –EG
House to Vote On Pension Reform Bill (Courier-Journal)
Keeping the CEO Safe Can be Costly (Wall Street Journal)
Why CEOs are Giggling (Jim Hightower)