You have some valid criticisms of the implementation, though pgsql-hackers has their reasons (http://www.postgresql.org/message-id/CAHyXU0ybwZZUbuQQVFQMK3wdcKMs

You have some valid criticisms of the implementation, though pgsql-hackers has their reasons (http://www.postgresql.org/message-id/CAHyXU0ybwZZUbuQQVFQMK3wdcKMsd8GqqDteTnne_AXyHrF7fg@mail.gmail.com http://www.postgresql.org/message-id/CAHyXU0ybwZZUbuQQVFQMK3...) for the way things are. Regardless, my point is that the situation is not so bad as "Every time that function is executed, it is re-parsed and re-planned."