Care to guess what the retirement system's debt is?

FutureShockSquare

FutureShockSquare

Below is a frightening quote from the upcoming release Future Shock: Kentucky's Politicians' Opulent Pensions Have Become A Modern-Day Gold Rush.

According to the Legislative Research Commission, the state's current debt from borrowing is $9.6 billion - an impressive amount, but no so much compared to the retirement systems' debt, which is 34.5 billion. As a percent of our state's personal income, this combined debt of $44.1 billion is near the highest - if not the highest - among the 50 states.

Don't miss the release of this report on June 11, 2012. This is information that all Kentuckians need to know!

Reduce Government Spen..., Smaller Government, Transparency and Accou...Jim WatersFuture Shock, Gold Rush, Public Pensions1 Comment