If your family faced crushing debt, you had very little money in the bank, and your bills exceeded your income by $5000 a month, would you get excited and congratulate yourself if you lowered your expenses to be only $4500 more than your income each month?
That is what the state government is doing with “pension reform.” And they hope you don’t notice that when it is time to pay the piper, it is your pocket they will be going into. (Actually, they don’t care if you notice “pension” costs will soon be going up $1 billion a year faster than we can pay them in a state that “makes” $9 billion a year. They are counting on you not to tell everyone you know.)
The General Assembly goes into special session June 23, but real pension reform, the kind that might prevent us from having expenses we can never pay, isn’t even on the table for discussion.