Paper gets to tax point, eventually

The Frankfort State-Journal is like a box of chocolates, especially when they start talking about tax increases. The headline of a Friday news story reads “Schools pleased cuts don’t touch their $3 billion fund.” The story doesn’t mention until the 8th paragraph that Gov. Steve Beshear’s “spending cut” proposal depends very heavily on General Assembly…

Sanity to the rescue

Secretary of State Trey Grayson shouldn’t have to teach Gov. Steve Beshear about forward-looking fiscal policy. In response to Beshear’s tax increase press conference today, Grayson said: “Comprehensive tax reform that will reduce the tax burden on productivity, and thus allow our economy to grow, is the only real answer to this crisis. Until we…

Propaganda in my Inbox

It would really only be newsworthy if House Budget Chairman Harry Moberly called a press conference and said “We have been overspending in Frankfort for many years. Our public employee fringe benefits program is tens of billions of dollars in the hole and we have accumulated billions more in bonded indebtedness just to buy votes.…

Where Mitch McConnell earns his pay

Congress and the White House appear to have worked out a $15 billion auto bailout. From the Associated Press: “Sen. Mitch McConnell, R-Ky., said he was concerned that Democrats were proposing a package that “fails to require the kind of serious reform that will ensure long-term viability for struggling automobile companies.”” “With their approach, “we…