Pension tension

Feb 24, 2011

MInority Republicans are toughening their positions on tax cuts and overhauling public pensions, as tensions escalate in the Capitol over the $25.4 billion state budget shortage.

 

From the Bee's Kevin Yamamura: "GOP lawmakers announced Wednesday that 30 Republicans had formed a "Taxpayers Caucus," vowing not to send Brown's tax hike extensions to the ballot unless they are accompanied by tax reduction proposals."

 

"Since the latter idea is a nonstarter among Democrats – and has been brushed aside by GOP leaders so far – the group's position essentially amounts to 30 "no" votes for Brown's budget, more than two-thirds of Republicans in the Capitol."

 

Republicans might be smarter to take advantage of their bargaining position, rather than simply say no, notes Capitol Weekly's Greg Lucas.

 

"All of which begs the question: Why isn’t there a line of Republican lawmakers streaming into Brown’s Capitol office, starting with the GOP leaders of each house?"


"A budget plan like Brown has put forward, in which some Republican support of one of its key elements is essential, positively trumpets: 
“Attention shoppers, this store is now open. Come on down and pick my shelves clean.”

 

Orange County Republicans are taking the lead in cutting public pensions, led by freshman Assemblyman Allan Mansoor and Sen. Mimi Walters, with the latter's bill having more traction, reports the Register's Martin Wisckol.

 

"Mansoor touted his solidarity with legislators in the Midwest. Beside Wisconsin, where the governor has proposed gutting much of public employees’ collective bargaining rights, proposed legislation targeting public employee unions is also pending in Indiana and Ohio, according to a Los Angeles Times story today..."

 

"Meanwhile, Walters last week introduced 10 separate measures designed to address the state’s unfunded pension obligations. The centerpiece, Senate Bill 520, would transition new public employees from the current defined-benefit program to a defined-contribution plan, also known as a 401(k)-type retirement plan."

 

A key component of the pension battle is the anger of private-sector workers who see public employees getting secure payouts while their own pensions have weakened, notes the Times' George Skelton.

 

"Private-sector workers have been taking it on the chin for a decade or more: Future pensions frozen for current employees and eliminated for new hires; retirees at the mercy of risky 401(k) plans and Wall Street. Plus layoffs and elimination of retiree health benefits. Now it's the public sector's turn to suffer, in the eyes of many in private enterprise. It's sort of an American civil war between government and non-government families."

"A key question that we think needs to be asked," Assistant Legislative Analyst Jason Sisney said in a recent report, "is this: Can the substantial disparity between public and private sector retirement benefits be sustained much longer? We think that it probably cannot."

 

Finally, from our "Life is Too Complicated and Getting Worse" file, we learn that shoppers are gnashing their teeth at that most humble of household purchases -- toothpaste.

 

"An explosion of specialized pastes and gels brag about their powers to whiten teeth, reduce plaque, curb sensitivity and fight gingivitis, sometimes all at the same time. Add in all the flavors and sizes, plus ever-rising prices, and the simple errand turns into sensory overload."

 

"Manufacturers acknowledge the problem and are putting the brakes on new-product introductions. Last year, 69 new toothpastes hit store shelves, down from 102 in 2007, according to market-research firm Mintel International Group…"

 

"Stores are trying to simplify, too. Last month, 352 distinct types or sizes of toothpaste were sold at retail, down from 412 in March 2008, according to Spire LLC, which tracks shopping data from more than 30 million U.S. households."

 

Thank God for mouthwash...


 
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