Wall Street bailout dwarfs pension pay

Published: Thursday, Dec. 19, 2013 - 4:10 pm

Re "Government is the stem of the flower, not the bloom" (Viewpoints, David Brooks, Dec. 4): The hand wringing about pensions and government's importance but impotence omits mention of some important facts. For example, while public employee pension frauds exist, the memory of far bigger Wall Street has faded. Fully funding pensions, or revenue sharing with states, would be tiny in comparison to the subsidies already paid to the financial sector or the wars in the Middle East. Yet somehow, safety nets and pensions are the big problem. As for increasing the government's debt, my question is where the taxpayers get money to pay if the government doesn't spend those dollars into the economy first. So are we really running out of dollars or isn't this just another attack on the middle class?

-- Mark Dempsey, Orangevale

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