Thursday, August 28, 2008

Herald Leader still spinning pension "fix"

It's hardly newsworthy anymore to see the truth die a painful death on the editorial page of the Lexington Herald Leader. But to see reporters make multi-billion dollar misstatements is more than a little disappointing.

Even Gov. Steve Beshear backed off his early puffery about the pension special session fiasco earlier this summer. Slowing down the growth rate of the underfundedness of the public employee benefits plans very clearly means that the hole will be larger in 2025 than it is now. And that is assuming future lawmakers follow through on all the suggestions in HB 1.

It's going to be very difficult to get anyone in the House to take pension reform seriously with this kind of misinformation still floating around out there.

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