A great idea, pay down debt now.

2theadvocate.com | News | Pay down retirement debt now, two urge — Baton Rouge, LA

State leaders should consider using more than two-thirds of the budget surplus to help pay off Louisiana’s $10 billion retirement debt, leaders of two retirement groups said Monday.

Without drastic action, they said, the state’s retirement obligation soon will start gobbling up a huge part of the budget and cripple aid for schools, roads and bridges and other services.