Senate President David Williams can’t be surprised by the uproar caused by his effort to lard up LRC Executive Director Bobby Sherman, during a week in which the world’s attention is focused on insiders taking the money and running.
It’s the new political small talk: you’re too stupid to disagree with me.
From Sen. Hillary Clinton:
“We should also put in place a temporary moratorium on foreclosures and freeze rate hikes in adjustable-rate mortgages. We’ve got to stem the tide of failing mortgages and give the markets time to recover.”
“The time for ideological, partisan arguments against these actions is over.”
Of all the false choices, we are now being told we have to bail out bankers who can’t do banking or homeowners who can’t do homeownership, or both. And if we disagree we are ideological and partisan?
Anyway, it’s the end of the world, isn’t it? Perhaps not.
Kentucky’s foray into pre-paid tuition programs has been an unmitigated disaster costing the state untold millions of dollars. The main problem has been that shortfalls in the KAPT program from rising tuition and poor investment returns fell to state taxpayers for bailing out.
Texas has a solution. The Texas Tuition Promise Fund started up September 1 with a promise that tuition units purchased over time will be honored by state schools and that the colleges and universities will be responsible for making up any shortfalls.
Sounds like a terrific way to keep down higher education costs. I’m not aware of any other state doing this.
Senate President David Williams has been a strong voice of reason for public employee pension reform, so it is more than a little frustrating today to see him justify a huge raise to keep the LRC Director from retiring.
(CLARIFICATION: Apparently, Mr. Sherman signed a contract specifying that his pension will be exactly the same as if he had retired now.)
Grover Norquist of Americans for Tax Reform has written a letter to Congress opposing the bank bailout. Here are a couple of excerpts:
“The bailout plan creates a horrible public policy precedent. How is the government supposed to say, “no” to the next ailing industry that comes to Washington with its hand out? Over time, the government’s calming of Schumpeter’s creative gales will result in a poorer America more dependent on the state. For all these reasons, you should oppose the bailout plan.”
“Congressional Democrats are seeking to use the opportunity of this bailout bill to reward their friends in labor unions and left wing political activism. Less than ninety days ago, Congress gave billions of dollars to ACORN. Congressional Democrats were able to funnel money to left-wing organizers like ACORN as a condition of passing the Fannie Mae/Freddie Mac bailout. President Bush cannot make that same mistake twice. He should commit to veto any package which gives greater resources to groups such as ACORN.”
And here is a link to the whole thing. Give ’em hell, Grover.
In “KCTCS enrollment decreases, STATE BUDGET CUTS ARE CITED” the state’s community and technical college system blames money shortages for a drop in enrollment this year.
However, the fact that the news article reports enrollment is actually up at some campuses makes one wonder if something else might actually be going on.
For example, we know the youth unemployment rate in Kentucky is now the worst it has ever been since KERA began. So a lot of our 16 to 19 year olds are not prepared for the world of work.
Maybe, because the community college system, like businesses that hire direct from high school, draws from lower achieving students, the drop might be due to more kids at the bottom of the performance range being inadequately prepared to take on higher education and being smart enough to not run up a lot of debt just to prove it.
Just a speculation to start a conversation.