Kentucky not-so-fun fact of the day

Did you know that each individual in the commonwealth is on the line for over $3,300 as a result of Kentucky’s indebtedness? According to a recent release from the Tax Foundation, Kentucky’s state debt per capita blows neighboring Tennessee’s right out of the water, and that’s not a good thing. That’s because Tennessee is the…

Herald-Leader editorial calls for Bluegrass Area Development District transparency

Transparency efforts seem to be a theme in Kentucky as of late. I, for one, like this trend and hope that it continues. The Lexington Herald-Leader’s editorial page called for Auditor Adam Edelen to look into the spending practices of the Bluegrass Area Development District. I don’t know many specifics about their reasoning other than…

Free markets for a prosperous horse racing industry

Longtime state Rep. Bob Heleringer does an adequate job of delineating some of the problems facing Kentucky’s horse racing industry, but he flounders at the finish line. Heleringer claims Kentucky’s racetracks suffer because of an “abject failure of political leadership,” and that the answer is in electing a “dynamic, passionate” governor in 2015 “who will not tolerate the current anemic,…

The market, not agriculture bureaucrats, should decide winners and losers

Taxpayers should be concerned about this loan by the Kentucky Agriculture Finance Corp. not because, as the Lexington Herald-Leader states, “tobacco is subsidizing coal,” but because state government should not be in the business of picking winners and losers in any industry. Let the market determine — without government loans (especially those to the politically…

Taking liberty to WBFI airwaves

Bluegrass Institute President Jim Waters will appear live on 91.5 FM WBFI’s morning show hosted by Bro. Ron Miller on Wednesday from 8 a.m. to 8:30 a.m. (central).  The interview will be replayed at 10 p.m. (central). WBFI is a Christian radio station near Leitchfield area that includes news and opinion on state public-policy issues as…

Coal raises human welfare abroad

In the wake of this week’s appearance of Jim Waters, President of the Bluegrass Institute, on the Mandy Connell show, this morning Bill Bissett appeared on the radio program to discuss Kentucky coal and the Bluegrass Institute’s involvement with the commonwealth’s energy sector. And although the EPA may be hell-bent on keeping domestic power plants…

Kentucky’s economic competitiveness goes nowhere, according to ALEC-Laffer

Last week, the American Legislative Exchange Council and Arthur Laffer, Ph.D. released the sixth edition of “Rich States, Poor States,” a report which analyzes the economic competitiveness among the states on two fronts: economic performance and economic outlook. Unfortunately for Kentuckians, the commonwealth’s economic outlook remains relatively unchanged from last year’s report, near the bottom…