Pension Casino Royale

by E.J. McMahon |  | NY Torch

OK—I admit it. Those protestors outside our pension reform event in Albany today did get one thing right.  I do think people need to “gamble” some of their retirement savings on Wall Street.

Memo to picketers: you do realize, don’t you, that this guy already is gambling retirement money on Wall Street?  In fact, he’s now got more than $150 billion riding on Number 7.5 (as in, percent assumed annualized return).  If you’ve live in New York City, this guy has got more than $100 billion of your money riding on Number 8 (ditto).

You didn’t think the money was in Al Gore’s locked box, did you?

(Thanks to Rus Sykes for holding the sign up for the camera.)

- E.J. McMahon is the President at the Empire Center for Public Policy.