This is a whole, new level of stupidity:
Gov. David A. Paterson and legislative leaders have tentatively agreed to allow the state and municipalities to borrow nearly $6 billion to help them make their required annual payments to the state pension fund.
And, in classic budgetary sleight-of-hand, they will borrow the money to make the payments to the pension fund — from the same pension fund…
For you liberals out there, I’ll explain: money has to be paid by government to the pension fund for the vastly over-compensated, Democrat-controlled, unionized government employees. The government doesn’t have the money to pay because its all been spent on lavish government salaries and wasteful government programs. Government solution: the government will borrow money from the pension in order to pay the pension.
This would be like you or I borrowing money from our mortgage holder to pay our mortgage. It is really that stupid – but, don’t sweat it! The Democrats’ plan is that the stock market will rise so high by 2013 that they’ll be able to make up the difference! Cool plan, huh?
These morons are destroying our nation – we simply must get them out of office.
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