WEBVTT - Rush Limbaugh Dec 30, 2020 0:00:00.120 --> 0:00:05.000 Are you a retired government employee with a pension? Well, 0:00:05.040 --> 0:00:08.039 the New York Times is reporting on a big problem 0:00:08.240 --> 0:00:11.320 in places like Oregon, New Jersey, Connecticut, and Kentucky because 0:00:11.360 --> 0:00:15.360 government employee pension costs are out of control. And you 0:00:15.400 --> 0:00:18.000 know what that means. Now, these states and a lot 0:00:18.000 --> 0:00:20.079 of cities are having a hard time paying for day 0:00:20.079 --> 0:00:24.320 to day operations and basic services because they're paying retirees 0:00:24.400 --> 0:00:30.200 so much. State run pension plans are far outpacing economic growth, 0:00:30.400 --> 0:00:34.000 which is really good. It's not uncommon for plans to 0:00:34.000 --> 0:00:37.320 pay retirees a hundred thousand dollars a year and up 0:00:37.400 --> 0:00:40.559 for not working for the rest of their lives. And 0:00:40.640 --> 0:00:43.600 take the case of the University of Oregon football coach 0:00:43.600 --> 0:00:47.800 who was hired in stayed with the team thirteen years. 0:00:48.280 --> 0:00:52.280 Today he draws forty six thousand dollars a month in 0:00:52.400 --> 0:00:55.760 taxpayer funded pension benefits. It's a good deal for him, 0:00:55.800 --> 0:00:59.120 no doubt. Now. The upshot, says one government official, is 0:00:59.160 --> 0:01:01.800 that state government are no longer trying to do more 0:01:01.960 --> 0:01:06.760 with less. They're trying to do less with less. What 0:01:06.880 --> 0:01:10.120 a concept. Truth is. If they had decided back then 0:01:10.240 --> 0:01:14.440 to do with less liberalism, they wouldn't be forced to 0:01:14.480 --> 0:01:18.640 do with less money now, and pensioners wouldn't be quaking 0:01:18.640 --> 0:01:21.520 in their boots over ending up with nothing somewhere down 0:01:21.520 --> 0:01:21.880 the road.