Are you a retired government employee with a pension? Well, the New York Times is reporting on a big problem in places like Oregon, New Jersey, Connecticut, and Kentucky because government employee pension costs are out of control. And you know what that means. Now, these states and a lot of cities are having a hard time paying for day to day operations and basic services because they're paying retirees so much. State run pension plans are far outpacing economic growth,
which is really good. It's not uncommon for plans to pay retirees a hundred thousand dollars a year and up for not working for the rest of their lives. And take the case of the University of Oregon football coach who was hired in stayed with the team thirteen years. Today he draws forty six thousand dollars a month in taxpayer funded pension benefits. It's a good deal for him, no doubt. Now. The upshot, says one government official, is that state government are no longer trying to do more
with less. They're trying to do less with less. What a concept. Truth is. If they had decided back then to do with less liberalism, they wouldn't be forced to do with less money now, and pensioners wouldn't be quaking in their boots over ending up with nothing somewhere down the road.