Wednesday, June 25, 2008

If wishes were horses, beggars would ride

The Legislative Research Commission released yesterday the actuarial analysis that leads Speaker Jody Richards to state that HB 1 is the solution to all our pension woes.

Senate President David Williams adds perspective to the situation. If we pour enough extra money into public employee pensions and health benefits for the next two decades (and invest the money really well), then the current level of benefits is sustainable.

Otherwise, perhaps not.

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