Not changing the typical manner in which liberal politicians deal with their failing Ponzi scheme’s, the Kentucky state government is demanding that its taxpayers bail out the sinking Titanic (underfunded and overfed teachers pensions):
That said, logic and math have never before stopped pissed off teachers and/or clueless legislators from throwing good money after bad in an effort to ‘kick the can down the road’ on their pension crises. As such, it should come as no surprise at all that the Lexington Herald Leader reported today that Kentucky’s 365,000 teachers and other public employees are now demanding that taxpayers contribute a staggering $5.4 billion to their insolvent ponzi schemes over the next two years alone. To put that number in perspective, $5.4 billion is roughly $3,200 for each household in the state of Kentucky and 25% of the state’s entire budget over a two-year period.“We realize this challenge is in front of us. That’s obviously part of the need for us to address pension reform,” said state Sen. Joe Bowen, R-Owensboro, co-chairman of the oversight board.
“In the short-term, yeah, we’re obligated to find this money,” Bowen said. “And everybody is committed to do that. We have revealed this great challenge. We have embraced this great challenge, as opposed to previous members of the legislature, perhaps.”
This is yet another fine state that has been hijacked by a Department of Education system which is solely focused not on the education of its children, but on how much pension monies will be appropriated for this year’s payouts!
Imagine, also, that Kentucky is rated in 2017 by WalletHub for quality and safety in education at 27th in the nation. Its quality rating, while on the higher side, does not offset its safety rating on the other where bullying, drugs, guns, violence, and youth incarceration rates are inordinately high.
So, for the captain of this sinking ship (state Senator Joe Bowen) to tell taxpayers that they’re “obligated to find this money” is disingenuous, especially in light of the school’s overall performance. And at an astounding $184K a year salary, you’d think that Bowen would have a bit more compassion for the median Kentucky resident breadwinner who is earning an average of $22K a year, a full 32% lower than the rest of the nation!
Great job, Kentucky teachers! Perhaps, next, you can start demanding more from children’s hospitals, museums, and churches!
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