Like we need another hole in our heads

Congressional Democrats have been talking about a federal guarantee for state and local government bonded debt for a while now. Unfortunately for taxpayers, that plan just isn’t moving along fast enough.Given that borrowing in the municipal market is Kentucky’s preferred method of overspending, our politicians will surely be on board with this fiscally irresponsible plan…

Caviar on a budget for tuna

Speaking on WHAS 840 AM in Louisville this morning, Gov. Steve Beshear dismissed a question about repealing prevailing wage requirements. Overspending on taxpayer-paid wages based on political connections simply can’t be justified in the middle of an overspending crisis. As we await official revenue forecasts due out next week, now is exactly the right time…

Frankfort word games don’t help much

During Gov. Ernie Fletcher’s term in office, his administration justified counterproductive Certificate of Need regulations like this: “The purpose of Kentucky’s Certificate of Need process is to prevent the proliferation of health care facilities, health services and major medical equipment which increases the cost of quality health care in the commonwealth.” For quite a while,…

What’s the real reason?

Expanded gambling advocates in Frankfort and beyond have pointed to the recession and a lack of racetrack casinos as the reason for Churchill Downs cutting back from five days of racing a week to four. But OnlineCasinoAdvisory.com tells a somewhat different story. The site suggests Churchill is devoting more of its business activity to online…