At the Bluegrass Institute we feel similarly about Kentucky’s recently announced $180 million subsidy to dead-carmaker-walking Ford. Out of necessity, that money will go into a black hole made wider and deeper by union abuses like those Kentucky needs desperately to get away from.
The Lexington Herald Leader’s editorial page today extolled the virtues of a state-run prescription drug service taxpayers are paying $1 million over the next two years. The same service is available online here, here, and here.
The program, of course, will grow like gangbusters:
“The state will put a trained person and the necessary technology in each county to help elderly and low-income Kentuckians navigate the complicated process of finding and applying for drug-industry programs that provide free or reduced-cost medications.”
In a sane world, this would be considered a fine example of government waste. It will surely be a “success” and deemed worthy of rapid expansion in future years. How are we ever going to fix Kentucky’s overspending problem until we stop creating programs out of nice ideas that already exist?
Ohio voters just decided Tuesday what price payday lenders must set for the money they lend. As a result, the lenders are starting to close shop and the borrowers will just have to do without.
Perhaps Ohio can afford to lose payday lending jobs. Can Kentucky?
Something like the 2008 Kentucky payday lending bill will be back in 2009. By then we should have a great example of government regulating an industry out of business.
In a Lexington debate between Kentucky Club for Growth Chairman Warren Rogers and AFL-CIO of Kentucky President Bill Londrigan about card check legislation this morning, Bluegrass Institute founder Chris Derry asked about Londrigan’s opinion of doing away with secret ballots in public elections.
Londrigan drew an analogy to widespread use of mail-in ballots and asked “is that undermining the democracy?”
One almost-overlooked ballot initiative that passed in California on Tuesday could provide food for thought — and respite from out-of-control public employee benefits. It’s Measure J.
Measure J will require public employee benefits contracts in Orange County to be approved by voters in the voting booth.
Kentucky officials have mostly shifted from ignoring Kentucky’s $27 billion underfunding of public employee benefits to insisting — in the absence of any supporting evidence — that they have fixed the problem.