Tag Archives: defined contribution

Is This the Dumbest Thing Phil Scott Has Ever Done, the Most Pointless, or Both?

Words can barely express how inexplicable this is. Why did Gov. Phil Scott veto the public sector pension deal? Well, I know his stated reasons, but they’re stupid. He has expect an override, so his veto won’t accomplish anything except make him look needlessly obstructionist.

There’s more, a lot more, but let’s take ’em one at a time.

This deal came at the end of a years-long search for common ground on how to make the pensions fiscally sound. Last year, the Legislature set up a committee to recommend a way out of the mess. The panel included members of the Legislature and Scott’s administration, and the unions. It worked diligently for months.

At no point did Scott or any of his officials sound the alarm.

The committee brought its recommendation to the Legislature. It went through the entire process of committee hearing after committee hearing, amendments major and picayune, floor debates and floor votes.

At no point did Scott raise a hand and say the deal was unacceptable.

The votes in the House and Senate were UNANIMOUS. Every single goddamn Republican voted in favor of it.

At no point before the votes did Scott think to warn his legislative allies that he didn’t like the deal. Some of them would have happily voted “No” if they thought he had a problem.

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