Wednesday, January 14, 2009

Key issue brings Kentucky worldwide attention

While much of official Kentucky is pondering our tip-of-the-iceberg current state budget problems, insufficient attention has been paid to the nearly $30 billion in unfunded public employee fringe benefits that really threatens our fiscal future.

Slowly, that is starting to change. PensionWatch, a daily aggregator of data about the worldwide pension meltdown, noticed some top-quality coverage of the mess today:

The PensionWatch site is available here. The Kentucky pension story is available here. And yes, I wrote the Kentucky story. Someone had to, right?