Unfunded pension liabilities are a big problem in Kentucky…at every level. State, county, and local governments are all struggling.
Given recent budget shortfalls, pension crises and out-of-control spending, it is worth considering this discussion by Dr. John Garen, professor of economics at the University of Kentucky. In this video, Dr. Garen talks about reductions in spending as a responsible way to relieve budget tensions.
Recently, the Lexington City Council took a look at mayor Jim Gray’s proposed budget that featured spending reduction in times of financial distress. According to an article by Beverly Fortune in the Lexington Herald-Leader yesterday, the city council made some changes.
One of the changes is to provide $150,000 for a Frisbee golf addition to a city park. The mayor was unhappy with these changes and was quoted as saying “It’s not the right timing to take on issues like Frisbee golf.”
I tend to agree. Lexington is suffering serious financial strain with problems like an increasing pension liability and increased sewer costs and taxes imposed by the EPA.
What do you think? Is this the right time for Lexington to be investing in Frisbee golf?
Jim Waters, vice president of policy and communications for the Bluegrass Institute, will guest host for Leland Conway on “The Pulse” on Lexington’s NewsRadio 630 WLAP-AM Thursday and Friday,from 3 p.m. to 6 p.m. (EDT) each day.
Call in to join the conversation at (859) 280-2287
Click here to listen live.
The Norton Blog, just posted an incredible discussion about the real motivation behind “Constructivist Math,” what we often refer to here simply as “fuzzy” math.
Per Norton, the plan was to teach math in ways such that parents couldn’t help their children. That would diminish the credibility and authority of parents with their kids, opening the door for the school to take over as THE authority figure in young, impressionable minds in areas that have nothing to do with math.
Sound incredible? Go read this thought-provoking blog and the quotes therein; then, let us hear what you think.