Over the last quarter of a century, Kentucky has underfunded its public employee benefits plans to the point that they have nearly a $30 billion liability that will hit taxpayers hard.
Now some private organizations that have also mismanaged their defined benefit pension plans are petitioning Congress to allow them to put taxpayers on the hook for their actions.
We opened this door when we started the bailout binge. Someone is going to have to stop it. Any volunteers?