Information, please

Pension Tsunami UPDATE: I guess they saw you guys coming, because the latest data is now on the KRS web site. The Kentucky Retirement Systems (KRS), under fire recently for unusually bad investment returns, was supposed to release its latest actuarial report late last week. Instead, the Annual Reports section of the KRS web site…

How big government feeds on itself

Former U.S. Surgeon General Joycelyn Elders was in Louisville Saturday night stumping for socialized medicine with an analogy that doesn’t hold up under any serious scrutiny: “Elders called on President-elect Barack Obama and Congress to overhaul the health-care system to provide coverage for all, despite the potential cost to taxpayers.” “”They say we can’t afford…

Damon Thayer lays down the law

Sen. Damon Thayer (R-Georgetown) took the opportunity of a speech to the Northern Kentucky Chamber of Commerce Friday to encourage support for some familiar Bluegrass Institute themes. “My pledge to you and the citizens of Northern Kentucky is that I will strive to be a leader that puts problem solving before politics,” Thayer said. “That…

Two states address budget crunch

New York state, facing an $8.8 billion budget gap, at least has their fiscal crunch framed properly: “There’s the tradeoff: supergenerous benefits for a well-paid public workforce that also enjoys pensions most people can only dream of, versus school programs, public safety and a functioning transit system.” There is no guarantee that state will make…

Bluegrass Beacon: Regulation without representation a ‘dereliction of duty’

Decisions made for colonists by a king interfering with their economic livelihood and individual liberties were at the core of the American Revolution. Taxes were levied on colonists by Parliament in far-away Britain – without representation for the colonists. This led to the cry of “No taxation without representation” that became the main talking point…