Welcome to insanity! Your host: the State of Kentucky and it’s ridiculously well-funded and fat-cat teacher’s union! The teachers in Kentucky are demanding a raise to their pension funds by nearly $1B this year from last year! It’s not enough that the underfunded pensions are already sapping precious state funding from the schools, prisons, services, and law enforcement, they need an even bigger commitment this year of $2.47B, up from $1.52B last year, in order to shore up the fast-emptying coffers of the teacher’s pension fund.
The drying up of this fund is due to an inflationary practice and liability growth, as well as annual payouts that increasing at an exponential level, so much so that the taxpayer “contributions” can no longer sustain it.
We have written frequently over the past couple of weeks about the disastrous public pension funds in Kentucky that are anywhere from $42 – $84 billion underfunded, depending on which discount rate you feel inclined to use. As we’ve argued before, these pensions, like the ones in Illinois and other states, are so hopelessly underfunded that they haven’t a prayer of ever again being made whole.
On the next page, check the DEMAND that is being placed on taxpayers to solve this fraud:
F**k you
No
Tell his union to cough up the money, since they seem to have plenty of money to fund the DEMONcRATS,,,,,,
The way theyre lowering school standards and dumbing down our kids i see less and less needs for schools at all.
fuk em. let them eat cake
Just keep voting dem you idiots.
Only when Congress restores the over $2 Trillion that it has Stolen from the SS system-a system that we all pay into.
P**s on ’em