Over-regulation hurts mid to lower-income workers, says the Institute for Justice

This week our very own Jim Waters, President of the Bluegrass Institute, hosted “The Afternoon Show” on Lexington’s WLAP. During the broadcast, Waters had the opportunity to interview Dick Carpenter, co-author of the Institute for Justice’s recently released report entitled “License to Work” – a study that compares occupational licensing burdens across the states. Kentucky’s occupational…

Care to guess what the retirement system’s debt is?

Below is a frightening quote from the upcoming release Future Shock: Kentucky’s Politicians’ Opulent Pensions Have Become A Modern-Day Gold Rush. According to the Legislative Research Commission, the state’s current debt from borrowing is $9.6 billion – an impressive amount, but no so much compared to the retirement systems’ debt, which is 34.5 billion. As…

Kentuckians’ standard of living in jeopardy

This is a quote from the upcoming report Future Shock: Kentucky Politicians’ Opulent Pensions Have Become a Modern-Day Gold Rush.  …the main message of this story resides in the subsurface — the attitude of the General Assembly…demonstrated by flat-out greed and disrespect for the public treasury, which now has put the standard of living of…

How important is golf? What about fire protection?

I wrote yesterday about the city of Lexington subsidizing golf courses, a practice which, fortunately, has been questioned by some on the city council. Given the budget crunch Lexington-Fayette Urban County Government is experiencing, it seems that the  $1 million annual loss from operating these courses could be put to use for more important things…say…

Lower the price of Kentucky’s legislature

Once again, we have a special legislative session. And once again, newspapers trot out that special session legislative days cost tens of thousands of dollars. So what? As I’ve noted before, regular legislative session days are close to 18 times more expensive than special session days. In that post, I offered to correct my calculation…