Pension Promises to State and Local Bureaucrats Are a Ticking Time Bomb

October 17, 2016

Interestingly, these pension bombs aren’t limited to just Blue states.

International Liberty

America’s main long-run retirement challenge is our pay-as-you-go Social Security system, which was created back when everyone assumed we would always have a “population pyramid,” meaning relatively few retirees and lots of workers.

But as longevity has increased and fertility has decreased, the population pyramid increasingly looks like a cylinder. This helps to explain why the inflation-adjusted shortfall for Social Security is now about $37 trillion (and if you include the long-run shortfalls for Medicare and Medicaid, the outlook is even worse).

But Social Security is not the only government-created retirement problem. State and local governments have “defined benefit” pension systems for their bureaucrats, which means that their bureaucrats, when they retire (often at an early age), are entitled to receive monthly checks for the rest of their lives based on formulas devised by each state (based on factors such as years employed in the bureaucracy, pay…

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#KYsen: Allison Grimes, national security sooper-genius

July 30, 2014
Perfect against tunneling jihadis!

Perfect against tunneling jihadis!

Federal senators deal with issues of national and international importance, including matters of war and peace, and overall national security. You would think, then, that someone wishing to ascend to the Senate would at least know the basics about a game-changing weapon wielded by one of our key allies, who happens to be in a shooting war.

That is, until you meet Kentucky Democrat Allison Lundergan Grimes:

As foreign policy inches its way into a debate that has largely focused on the economy, Grimes was asked about congressional efforts to aid Israel’s missile defense system, known as the Iron Dome.

“Obviously, Israel is one of our strongest allies in the Middle East, and she has the right to defend herself,” Grimes said. “But the loss of life, especially the innocent civilians in Gaza, is a tragedy. The Iron Dome has been a big reason why Israel has been able to withstand the terrorists that have tried to tunnel their way in.

Iron Dome — as normal, intelligent folks such as you, Dear Readers, can probably tell without needing the above highlighting — is a missile-defense system. It is designed to shoot down things flying through the air: incoming tactical rockets with only minutes or seconds to spare, and it does an amazingly good job at it. One thing it does not do is stop things tunneling under the ground, jihadis or even gophers.

Someone should explain these tricky technical details to Ms. Grimes.

Grimes is hoping to defeat Mitch McConnell and capture his seat for the Democrats, and it’s a tight race. While McConnell hasn’t been one of my favorite senators, he also doesn’t give me the gas that he gives many of my fellow Righties. Regardless of one’s opinion of him, though, I think we can agree that it’s important that his seat be kept in Republican hands, for the Republic.

Even against a defense wiz like Allison Lundergan Grimes.

via Jim Geraghty

(Crossposted at Sister Toldjah)