At Politifest in 2012, I asked Scott Peters about the biggest blemish on his political career. The city of San Diego had gone through years of tumult over its employee pensions. In particular, in 1996 and 2002, the city decided to grant better retirement benefits at the same time it decided to shortchange the fund that was supposed to pay them.
Peters had been part of that second choice. I asked him how we could trust that he wouldn’t do something like that again in Congress.
“First of all, the city had 30 years of bad habits. Not funding its pension, borrowing against the pension. Unfortunately, as you pointed out, I did continue those habits in the early part of my term. I have to tell you, we realized that we had a problem, we recognized it and we took action to solve it,” he said.
Video of our full discussion is here.