It is REALLY about the kids... Trust us!!

"Moody’s Investors Service, dissatisfied with the way states measure what they owe their retirees, released its own numbers on Thursday, showing that the 50 states have, in aggregate, just 48 cents for every dollar in pensions they have promised.

That is much less than the 74 cents on the dollar that the states now report, suggesting the states are short by about $980 billion, with many local governments, like school districts, being on the hook for additional billions that they have not disclosed at all."

And we are to believe that the Chesterfield County elected officials are being honest about this bond referendum being about building new schools? The Taxpayer knows better... They have a public employee pension fund hole to fix; but that ain't sexy to the voters...

The "no retirement" generation is alive and well. They are in high school. They are just out of college desperate for work. They are having children and raising them to be Chrsterfield's future citizens. They need to be told the truth now about their future so they can prepare. It is criminal for the School Board and the Board of Supervisors to do otherwise. It may be their legacy if they do not come clean. Will we continue to hear the ostrich crickets or will the truth set them free? The Taxpayer knows the answer.

http://dealbook.nytimes.com/2013/06/27/moodys-shows-wider-pension-gap-for-states/?emc=eta1&_r=1