Frann Michel brings us the Well-read Red, this time focusing on pension-raiding under neoliberalism and the PERS system in Oregon, which Governor Kitzhaber has advocated cutting in order to make up for education cuts. In Frann's words: let's pit old people against young people. Frann explains how public pensions work, how they've been raided in the name of investment and the false crisis this creates. You can read the blogged version of it with links HERE 7:50 minutes (4.49 MB)
Last week, Oregon Governor John Kitzhaber called for a special legislative session (to begin 8am September 30th) noting that "we have an opportunity to combine cost savings from reforms to the Public Employee Retirement System (PERS) and new revenue to restore lost school days." In other words, maybe we can remedy some of the draconian cuts made to education in recent years by slashing the pensions of retired teachers and other public workers. Or in other words, let's pit old people against children.
On the first anniversary of the start of the Occupy movement, and after much debate about the effectiveness of demands, the movement has announced one big demand: the end of capitalism. Here Joe Clement comments on how this demand comprehends all the issues the Occupy movement brought to our attention.