Monday, November 21, 2011

No more wire hangers!

Sparks will fly in Frankfort tomorrow with the expected release of the Kentucky Retirement Systems' annual actuarial report. The report will show in detail how drastic underfunding in state budgets has drowned Kentucky's public employee benefits plans in red ink.

On the campaign trail this fall, Governor Steve Beshear remained silent about the status of the benefits plans and Senate President David Williams repeatedly attacked anyone who mentioned the fact that he helped underfund the plans to the tune of billions of dollars. Perhaps we will hear from them on this tomorrow.

If Beshear and Williams were Hollywood actresses, Beshear would be Greta Garbo and Williams would be Joan Crawford.