THREE YEARS AGO, Maryland Gov. Martin O’Malley (D) made a deal - TopicsExpress

THREE YEARS AGO, Maryland Gov. Martin O’Malley (D) made a deal with the state’s public-employee unions. Under its terms, state workers agreed to pay more of their salaries into Maryland’s underfunded pension system and accept lower benefits for new hires. In return, the state promised to devote $300 million annually from the resulting savings to shore up the pension fund, which at the time had less than two-thirds the amount it needed to make future payments. Now Mr. O’Malley is trying to renege on the deal by grabbing back $100 million a year to plug a hole in the state’s budget deficit. By doing so, he is undercutting not only his credibility but also the state’s, and putting at risk Maryland’s coveted triple-A bond rating.

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