You can't be a progressive and be opposed to pension reform.
Sentiment: NEGATIVE
But I will say, I think there are some Democrats that don't want to address pension reform. I have taken on the issue of seniority and tenure. I think we have to address entitlements and the president has done that in his budget. I think we have to extend Medicare and the president has done that. But also reinvest in that program.
I consider myself a pretty progressive person, and I think I have a track record that shows that. But I'm also not just going to do a policy because it's the liberal thing to do.
Pension reform can be hard to talk about. In the long run, reform now means fewer demands for layoffs and less draconian measures in the future. It's in the best interest of all Californians to fix this system now.
I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan.
Under Reagan came the idea of putting your pension plan in the stock market, which wasn't a guaranteed pension.
Liberal Democracy is all about extending choice. Give people the option to decide their retirement age, and you immediately extend their freedom in a very significant way.
I'm a Progressive. Much in the same way our founding fathers - who, oddly enough, wouldn't get elected today - were Progressives.
We can't reform mandatory spending in this area until we first deal with ours. I tell my colleagues, 'Let's get the moral high ground and demonstrate that we want to make changes to our pension, and then we can deal with the big problems.'
My view is pensioners don't have the one option that people of working age have. They can't really increase their income, because they are no longer able to work.
A pension is nothing more than deferred compensation.