Yes Kentucky, the war on coal is real

Despite the American Legislative Exchange Council passing the Bluegrass Institute-sponsored Intrastate Coal and Use Act, there are still some who believe the current administration’s stubborn quest to rid Kentucky coal of its economic vitality is a war in rhetoric only. Even some from great free market organizations like the Cato Institute – headquartered in Washington,…

Actuaries confirm what BIPPS predicted: Pension systems ‘simply unsustainable’

The Courier-Journal reports that most of Kentucky’s public pension funds continue to decline, and are — as the Bluegrass Institute has already reported — simply unsustainable in their current forms. According to actuaries, pension benefits for members of the Kentucky Employees Retirement System’s non-hazardous retirement plan are only 27.3 percent funded this year, compared with…

Kentucky Energy Equation Quote of the Day

“If the market determines the decline of coal, then so be it. But no viable, dynamic industry that employs thousands and keeps energy rates affordable should also have to compete against zealots masquerading as our protectorate-regulators from Washington. “This is great timing for this type of approach. With the reelection of this administration that never…

Auto bailouts: Who won? Who ‘got shafted?’

Cameron Schaeffer, a pediatric urologist and plastic surgeon in Lexington, pushed back¬†against the Lexington Herald-Leader’s recent editorial¬† praising the automotive bailouts. The editorial claimed “a clear-eyed look at the numbers suggests that without the big government efforts of the last few years, many fewer Kentuckians would be employed.” However, Schaeffer argues that: “Contrary to President…