Tuesday, March 27, 2007

Is Larry Dale Keeling's grip on reality loosening?

Currently, the Lexington-Herald Leader's lefty political columnist Larry Dale Keeling's KYKurmudgeon blog is entirely devoted to slamming Sen. David Williams' pension overhaul plan. In his latest entry,Is Williams' grip on legislature loosening, Keeling dismisses the pension overhaul plan as ineffective.

Could Senate President David Williams be losing his stranglehold on the throat of the Kentucky General Assembly?

After a Kentucky Retirement Systems actuary shot down most of Williams' claims about his pension proposal during a video conference with the House State Government Committee this morning, House Democrats seem even more adamant today about letting a blue ribbon task force do its work before the legislature addresses state pension plans unfunded liability problem.


Hello? Mr. Keeling? Did you even consider Sen. Williams' response to the KRS bureaucrat's testimony?

But Senate President David Williams, R-Burkesville, who sat in the audience during the meeting, said later, “They didn’t ask him if that was in immediate years or out years. We never have said that it did save a lot in immediate years. Where you make your savings are in the out years.”


The savings of a defined contribution system will NOT be immediate. Savings probably won't be realized until all of the people on a defined benefit system are gone, i.e. dead. Mr. Keeling would rather have the General Assembly not take action even though with each delay the cost of Kentucky's broken pension system will increase. I'm starting to wonder if Mr. Keeling is losing his grip on reality.

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