Representatives of "Cadillac Pension System" want to Bankrupt the Commonwealth

According to the Herald-Leader, tomorrow, representatives from the Kentucky Education Association, Kentucky Association of State Employees, KY AFL-CIO and the American Federation of State County and Municipal Employees will be holding a press conference to discuss the Legislature's pension overhaul plan.

The usual socialist suspects are scheduled to speak, super teacher Frances Steenbergen and robber baron conspiracy theorist Charles Wells. I expect there will be much whining, moaning and complaining about how terrible state employees are treated and how they need to keep a defined benefit Cadillac pension plan in place, hence effectively bankrupting the state, resulting in a huge tax increase that will fund the state worker minority.

Conservative columnist Jim Waters wrote a fine piece that ran in several state newspapers recently that outlined the coming pension train wreck. (I will link to it if it becomes available online.) Many state employees don't know just how good they have it. Something has to be done to help the Commonwealth avert pension disaster. This new pension system will not even affect retired state employees and employees already in the system. What's the big deal. We'll never get anything solved if we keep listening to the blabbermouth idiots like Steenbergen and Wells, who have nothing but their own groups interests in mind.