November 23, 2011
Sixty-six thousand current and former Rhode Island state and municipal employees and retirees will have $3 billion taken away from them as a result of the pension “reform” law just passed by the RI General Assembly. The latter will be the biggest case of theft in the history of the state. It was achieved by way of a collusion between the general treasurer, governor, and General Assembly. In the case of both the governor and general treasurer, the clear advocacy of the 1 percent against the 99 percent is blatantly obvious.
The US remains the wealthiest nation in the world, yet like Rhode Island the question is in whose pockets that money can be found.
I spent 30 years teaching the children of Rhode Island. For my efforts, and through my contributions to the retirement fund, I was promised retirement benefits in writing. Of course, the lawsuits will follow, but law is politics by another name and financial lawlessness seems to be in the air in RI.
I suggest, in the meantime, that the state substitute the motto “Hopeless” where the word “Hope” is emblazoned on the state flag.