Los Angeles Will Not Soon Be Following the Pension Reform Lead of San Diego and San Jose
Former Los Angeles Mayor Richard Riordan has dropped his quest, on which he spent a reported $500,000, to gather signatures for a ballot initiative that would have replaced defined-benefit pensions for city employees with 401(k)-style defined-contribution plans.
Former Los Angeles Mayor Richard Riordan has dropped his quest, on which he spent a reported $500,000, to gather signatures for a ballot initiative that would have replaced defined-benefit pensions for city employees with 401(k)-style defined-contribution plans.
Unsurprisingly, L.A.'s debased, union-dominated political class has depicted the 82-year-old former mayor as a moral monster throughout. The Los Angeles Police Protective League described the initiative's backers as a "billionaire boys club." And the current city government (which Riordan ran from 1993-2001) treated him like this:
[W]hen Riordan spoke at a council meeting last week, he was dressed down by Council President Herb Wesson, who smiled and asked him why he didn't fix the city's budget problems when he was mayor.
Riordan started to respond, but Wesson shut off his microphone. "There's no back and forth. I get the last word," said Wesson, adding: "This is our house."
After the jump, if you so choose, read a mild clarification from me about how I was quoted in the L.A. Times article on Riordan's withdrawal.
At the bottom of the Times piece, there is a section discussing how longtime Riordan confederate Steve Soboroff declined to support the initiative:
[Soboroff] suggested his friend has a tendency to flit from cause to cause, making announcements about new ventures and then dropping them.
"He goes week to week and has missions du jour," said Soboroff, who pointed to Riordan's much-discussed bid a decade ago to create a new newspaper in Los Angeles.
Journalist Matt Welch recalled Riordan spent more than a year talking with local writers about the project.
But after excited conversations, trips to Riordan's Brentwood mansion and even the creation of a mock-up issue, Riordan's interest fizzled, recalled Welch, now editor in chief of Reason magazine. By 2003, Riordan was engrossed in the campaign to recall Gov. Gray Davis and lost interest in the newspaper project, he said.
"Riordan is scatterbrained," Welch said. "And I say that as somebody who's fond of him."
The former mayor countered that the newspaper effort and his pension proposal were not comparable and he has a record of getting things done. On the pension proposal, he said, he got too late a start gathering signatures.
My quote there is accurate. However, as I told reporter David Zahniser, I A) have no idea whether the scatterbrainedness had anything to do with Riordan's announcement yesterday; B) know that Riordan has personally focused on the pension reform issue for several years now, much longer than he did on our brief newspaper-plotting collaboration; and C) think that what looks like (and sometimes is) short and quickly forgotten bursts of enthusiasm can also be evidence of an entrepreneurial and productive mind. It's easy to make fun of people throwing ideas at the wall to see which ones stick, but at least they've got ideas, and are trying to do stuff.
And in this case, that stuff is precisely what Los Angeles needs but won't soon get: a long-overdue correction to unaffordable public-sector union promises made by politicians elected in large part by public sector unions. Los Angeles needs more Richard Riordans, and fewer Herb Wessons.
Start your day with Reason. Get a daily brief of the most important stories and trends every weekday morning when you subscribe to Reason Roundup.
Editor's Note: As of February 29, 2024, commenting privileges on reason.com
posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary
period.
Subscribe
here to preserve your ability to comment. Your
Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the
digital
edition and archives of Reason magazine. We request that comments be civil and on-topic. We do
not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments
do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and
ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
The problem with Riordan's proposal, anyway, is that is just wasn't pure enough. It wouldn't have solved all budgetary problems past, present and future in one fell swoop.
Had that proposal come on the ballot, it would have been best to write in a third-option proposal that would have no effect on the city's budget, yet at the same time would make you feel smart and science-y.
The problem with Riordan's proposal was that it was devoid of principle and had a raging mega boner for empirialism. It's not that it wasn't perfect, it's that it was a horrible authoritarian shitfuck.
I haven't even kept up with the issue, but I can tell you have no actual basis for disdain, just some kind of weird "give me free shit!!111" mentality.
Actually, with 51% of the country having that mentality, I guess it isn't that weird anymore.
So the LA City Fathers are going to pilot their airplane straight into the ground on behalf of the pubsec unions, bailing out just before impact for a nice, cushy position with said unions, right?
California's public-sector pension contributions have increased by more than 300 percent over the last decade,
If so there should have been lynchings by now. Lex Luthor, we need you!
Former Los Angeles Mayor Richard Riordan has dropped his quest, on which he spent a reported $500,000...
I bet he wishes his quest was defined benefit.
You mean the LAT misleadingly quoted someone?
The problem with Riordan's proposal, anyway, is that is just wasn't pure enough. It wouldn't have solved all budgetary problems past, present and future in one fell swoop.
Had that proposal come on the ballot, it would have been best to write in a third-option proposal that would have no effect on the city's budget, yet at the same time would make you feel smart and science-y.
The problem with Riordan's proposal was that it was devoid of principle and had a raging mega boner for empirialism. It's not that it wasn't perfect, it's that it was a horrible authoritarian shitfuck.
I haven't even kept up with the issue, but I can tell you have no actual basis for disdain, just some kind of weird "give me free shit!!111" mentality.
Actually, with 51% of the country having that mentality, I guess it isn't that weird anymore.
What's Bob Barker doing testifying about municipal benefits?
"You've won a ginormous unfunded obligation!!!!"
So the LA City Fathers are going to pilot their airplane straight into the ground on behalf of the pubsec unions, bailing out just before impact for a nice, cushy position with said unions, right?
"There's no back and forth. I get the last word," said Wesson, adding: "This is our house."
"WE CITY COUNCIL NOW"
Here's hoping that Wesson dies a painful, horrible death before he ever collects on his pension.
Los Angeles Will Not Soon Be Following the Pension Reform Lead of San Diego and San Jose, this will be a good news for me.