Step one: assume a spinning economist

Harvard Economics prof Greg Mankiw says President-elect Barack Obama’s incoming chief economist assumes in her economics models now that increased government spending has a much larger positive economic impact than tax cuts do. That’s interesting, Mankiw points out, because in March 2007 report she did at UC Berkeley, she came to the opposite conclusion: “That…

Putting the Freeze on Universities

Senate President David Williams, R-Burkesville, rightly proposes freezing tuition at Kentucky’s universities and takes a swipe at university presidents, who are playing petty games with our students’ futures. These chief educational politicians are channeling their frustrations over not getting huge increases in funding each year from the General Assembly into double-digit tuition hikes. They instigate…

No way it will ever be enough

Gov. Steve Beshear expressed excitement and an interesting economic theory Thursday afternoon in response to hearing President-elect Barack Obama’s plan for a bailout of the states. “Without fast and comprehensive action,” Beshear said, “our nation and state will fall into a deeper recession.” Beshear didn’t provide any information to back up his suggestion that “fast…

Education pays!

As Kentucky’s unemployment insurance fund runs out of money over the next few weeks, it will become the unemployment fund of money borrowed by Kentucky taxpayers. So it is more than a little distressing to see Education Cabinet Secretary Helen Montjoy claiming “effort to rise to the challenge” while she is talking about setting up…

Kathy Stein strikes again

Sen. Kathy Stein needs people to buy cigarettes in Kentucky in order to help save the state from going bankrupt under a tidal wave of unfunded pension benefits (wink, wink), but she is also determined to control where people smoke. Enter Senate Bill 35, Stein’s first Senate bill, which bans smoking in cars by minors.

Catering to voters with bad credit

Rep. Jim Gooch has filed a bill that would limit how much auto insurance companies could raise rates on drivers with bad credit. Insurers have overwhelming evidence that drivers with bad credit are more expensive risks behind the wheel. The American Legislative Exchange Council issued a report back in 2003 finding bills like this increased…

Gov. Beshear says he wants our ideas

Gov. Steve Beshear said via press release this morning that he wants taxpayers to send him government cost-saving ideas. Here goes: Repeal prevailing wage to lower public construction project costs. Repeal certificate of need to lower healthcare costs. End the practice of doling out corporate welfare “economic development” deals. Stop requiring government agencies to buy…