Tuesday, December 02, 2008

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.

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