tag:blogger.com,1999:blog-1797875972831999598.post1416232182330534236..comments2023-11-22T04:27:07.521-06:00Comments on glen brown: A Response to the Proponents of Pension Reform at Today's Committee Hearing [Re: The State's Police Powers]gbrownhttp://www.blogger.com/profile/13435049339082622611noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1797875972831999598.post-56941234163270397432013-01-07T15:40:43.358-06:002013-01-07T15:40:43.358-06:00To avoid the more difficult (not hard nor impossib...To avoid the more difficult (not hard nor impossible) lifting, these legislators have decided that those who must pay for the state's fiscal criminality are the very victims whose pockets were originally picked. They will still face funding shortfalls and service crunches because they did not target the real culprit: an unfunded liability never addressed correctly back in 1995 when they had their first chance to do it right, and ignored again now. All of us in the public sector will be expected to pay for the state's past bill, but don't be surprised when they haven't enough and will return to get more. Once on the hook for their past transgressons, we will be expected to pay for the future inabilities to make the unfunded payments. <br /><br />Required payments to this year's retirees are less than last year, but it is the unfunded liability that pushes the limits on the state's budget and their single-minded agenda. Other revenue sources or even creative, more effective concepts to deal specifically with the unfunded liability will remain outside the ken of impatient and arrogant representatives. John Dillonhttps://www.blogger.com/profile/10516552420300264491noreply@blogger.com