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Monday, February 10, 2014

Barry Rascovar: O’Malley’s Latest Pension Grab

It takes quite a bit for the quiet, diplomatic State Treasurer, Nancy Kopp, to criticize her fellow Democrat, Gov. Martin O’Malley. But she gently laid it on the line in opposing O’Malley’s $100 million budget cut for state pension contributions.

“It’s a question of trust,” Kopp said, as reported last week by

Bond rating agencies will look askance at O’Malley’s effort to permanently reduce by $100 million a year the state’s commitment to funding future pensions. “It will be very difficult to defend” when the agencies question her, she told legislators.

What Kopp didn’t say, but others are filling in the blanks, is that O’Malley’s action is a cold, calculated slap in the face of state workers.


Anonymous said...

If you vote for Jim Mathias you will get more of this crap.

Anonymous said...

if omally was really trying to cut back state funding it would be a good thing, but he is trying to push it onto the counties which is just making more ways to spend the $100 million.