August 13, 2010

ROGER SIMON: The Obvious Message Of Jerry Brown’s Pension.

It seems California’s one-time and now aspiring governor Jerry Brown has been drawing down a healthy pension from the state — perhaps double-dipping — causing a mild embarrassment to Jerry that could grow into something more than mild. At the moment he is locked in a tight race with Meg Whitman.

What’s troubling in all this is not that Brown makes a good pension — or even than there may be some discrepancy about how much he makes versus how much he deserves. It is that the whole thing is SECRET! (rare use of caps and exclam very deliberate).

Let’s think this through for half a second. At a time when pension funds are bankrupting or potentially bankrupting states all across the country, when aging populations are forcing the reconsideration of all sorts of social security programs on practically every country on Earth (countries that have them, anyway), and when the state of California — the sixth, or is it seventh, biggest economy in the word — is about to, once again, pay its employees with vouchers because it’s got zippity-do-dah in the bank, some officials of that state are receiving pensions whose size and identity we do not know and are not allowed to see.

Read the whole thing.