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Speaker 1: Are you a retired government employee with a pension. Well,

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Speaker 1: the New York Times is reporting on a big problem

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Speaker 1: in places like Oregon, New Jersey, Connecticut, and Kentucky because

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Speaker 1: government employee pension costs are out of control. And you

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Speaker 1: know what that means. Now, these states and a lot

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Speaker 1: of cities are having a hard time paying for day

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Speaker 1: to day operations and basic services because they're paying retirees

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Speaker 1: so much. State run pension plans are far outpacing economic growth,

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Speaker 1: which is really good. It's not uncommon for plans to

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Speaker 1: pay retirees a hundred thousand dollars a year and up

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Speaker 1: for not working for the rest of their lives. And

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Speaker 1: take the case of the University of Oregon football coach

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Speaker 1: who was hired in stayed with the team thirteen years.

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Speaker 1: Today he draws forty six thousand dollars a month in

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Speaker 1: taxpayer funded pension benefits. It's a good deal for him,

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Speaker 1: no doubt. Now. The upshot, says one government official, is

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Speaker 1: that state governments are no longer trying to do more

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Speaker 1: with less. They're trying to do less with less. What

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Speaker 1: a concept truth is. If they had decided back then

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Speaker 1: to do with less liberalism, they wouldn't be forced to

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Speaker 1: do with less money now, and pensioners wouldn't be quaking

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Speaker 1: in their boots over ending up with nothing somewhere down

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Speaker 1: the road. Rush has just made his spectacular web service,

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Speaker 1: Never miss a word of Russia's radio broadcast and get

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Speaker 1: his new tumbler all at Rush limbaugh dot com. You're

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Speaker 1: listening to the E I B Network