OCPA column: Dishonest or ignorant?

Dishonest or ignorant?

By Jonathan Small

If this year is like most election years, Oklahomans will receive campaign mailers from state Republicans decrying Washington, D.C.-style politics and proclaiming themselves fiscal conservatives. But in this year’s session—primarily because of House Republican leaders—lawmakers fully embraced D.C. politics and abandoned responsible financial stewardship.

Few things highlight this sad reality more than House Republicans’ decision to increase Oklahoma’s unfunded liability by advancing an unfunded “cost of living adjustment” (COLA) for retired state government workers—a transparent election-year ploy to buy votes with other people’s money.

The negative consequences for working families will be significant.

When Democrats controlled the Legislature, they also advanced unfunded COLAs in election years. That ultimately drained pensions so fast Oklahoma ranked 47th among the 50 states by 2007.
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from MuskogeePolitico.com