‘Air time’ and public pension funding

USA Today has a package of stories on public pensions. Specifically, the stories explain how the purchase of “air time,” a method of pension spiking, contributes to pension funding problems. In short, “air time” is credit for work not performed. Workers can pay for this extra service credit as a share of their current salary.…

P.J. O’Rourke on Occupy Wall Street and fairness

P.J. O’Rourke on Marketplace, discussing the Occupy Wall Streeters and the concept of “fairness”: The good things in life are remarkably expandable, but it’s ordinary people who expand them. Look at China, look at India. Yes, it’s upsetting that some people have so much while other people have so little. It isn’t fair. But I…