that's wt you're assembled here in frankfort to decide. >> in kentucky, the pension was used basicallys piggy bank. the problem was, once you started to short your state pensions to cover the budget shortfall, it's hard to just do it the one time. >> smith: one of the few local reporters ying attention was john cheves. >> i've been writingor 20 years now about the state's pension system and its been, you know, sort of a slow-motion car crash. >> smith: cheves watched as oner govefter another invested in roads, bridges, libraries,. and mo pension obligations were not met. >> as governor, i'm thrilled to be able to support this project not only with enthusiasm and congratulations, but with money. >> i think iemboldened the politicians. >> specifically $2.4 million... >> they realize nobody's paying attention, i thinkhey get a little bolder about it, and they realize, "why, no one's looking! i can do this!" >> they have effectively raided pension funds. just simply have not made the payments that they are morally required to make to fund the retirement promises that they've >> smith: davi