Dave Anderson’s letter to Boulder Weekly explains how cuts to pensions hurt the middle class only to benefit corporations.
“While cutting pensions, Detroit decided to spend $285 million to build a new professional hockey stadium. On the same day the Illinois state Senate voted to eviscerate pensions, they also gave a multimillion-dollar tax break to the agribusiness mega-corp Archer Daniels Midland.
The money is there. We just need a government serving the people, not the rich.
Pension cuts serve the rich
“When you cut someone’s wages, at least that person can say, ‘I’m not working for you.’ By cutting retiree pensions, this is literally reaching into their bank account and stealing from them after the fact.” –Ross