Why Kentucky needs “loser-pays”

University of Kentucky basketball rarely intersects with the public policy realm, but it did Wednesday when former coach Billy Gillispie filed a lawsuit seeking $6 million from the program. The case should be open-and-shut. Gillispie signed a Memorandum of Understanding Offer in April of 2007 stating that if he signed a contract and was subsequently…

Can’t tax our way out of this

A sobering Stateline article Tuesday about closing auto dealerships only strengthens the case for cutting the size of state government immediately: “Consider that a fifth of California‚Äôs sales tax revenue is from new and used car sales.”“As these local dealerships close, the impact will be more profound than people realize,” said Sen. Mark Norris, the…

Tastes like a game of chicken

California voters decided Wednesday to force state lawmakers to cut spending rather than vote in massive tax increases on themselves. State officials responded by “threatening” to cut spending. The feds are very likely to respond with a huge California bailout, which is a shame. After listening to all the big government caterwauling about inevitable disaster…