In Greek mythology, the “sword of Damocles” represents an impending disaster. It never goes away, constantly waiting to drop.

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That analogy aptly described the pressure for many years on the Kentucky General Assembly to find a solution to the state’s public pension crisis. That problem reached the point that unfunded pension liabilities exceeded $30 billion and damaged the state’s credit rating.

But that worry apparently no longer exists, according to a glowing report on the first year of sports gambling taxes in Kentucky.

In what now appears to be akin to a stroke of genius, the Republican-dominated legislature followed the age-old tradition of sanitizing the state’s newest “sin tax” to guarantee the solvency of public pension systems.