A post on this blog from the weekend about the coming pension disaster is currently the most popular page for readers of this site. It has been widely read primarily because it was picked up by a national pension site called PensionTsunami.com.
Otherwise, the issue has generated barely a trickle of interest inside Kentucky.
Most conversation I've heard about the 2009 General Assembly centers on the tax increases. They have received a lot of media coverage also.
But separate Health Fund and local pension raids have gone virtually unnoticed, though they will impact us much more than the smallish tax increases or any of the social issues recently debated in Frankfort.
I wonder why that is.
Tuesday, March 17, 2009
Kentucky's multibillion dollar unfunded secret
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1 comment:
It is because they wish us to pay no attention to that Man Behind the Curtain. There are plenty of distractions to keep us from looking at real issues.
I'm worried about my mother's retirement. She thinks her teacher retirement is safe "because they said so" and she doesn't have a cynical bone in her body,,,unlike her daughter...
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