Tax commission: Politicians ‘loathe’ to reduce spending

“The only solution is to focus on reducing government spending, but politicians are loathe to do that. They’re reelected because they confiscated some private wealth, declared it to be public money, and then redistributed it to some voting constituents or to some financial contributors to their political campaigns.” –Bruce Layne (comment on Pure Politics tax…

Editorial echoes Bluegrass Institute’s call for reforming corrupt pension system

The Lexington Herald-Leader today joined the Bluegrass Institute in calling for reforming the state’s corrupt legislative pension system. The editorial stated: “Kentucky’s public pension systems have myriad problems, including a collective unfunded liability exceeding $30 billion. By comparison, the cost of this loophole is miniscule (sic). But the principle is huge. Even without this reciprocity, the rules…

Ag Commissioner calls for end to legislative pensions

The conversation about legislative pensions hasn’t slowed down. In fact, the extremely lucrative practice of reciprocity and rewarding part-time legislators with gold-plated pensions is becoming a major talking point in elections and political discussions across the state. Most recently, former state legislator and current Kentucky Agriculture Commissioner James Comer stated on cn|2 Pure Politics that he…

Bluegrass Beacon: A federal bailout for state pensions? Say it ain’t so!

By Jim Waters Could it be that one of the reasons Kentucky’s political leaders continue to kick the commonwealth’s can of unfunded pension-liabilities down the road is because they are counting on a bailout from the federal government?  Why not? If private companies like General Motors are too big to fail, then what’s to keep…