Bluegrass Beacon: ‘Taxpayer-eaters’ meet ‘self-serving-politician-eaters’

What some candidates could gain in this year’s election – beyond just winning office – is a stark reminder of how wrong political leaders were when declaring last year that they had adequately addressed Kentucky’s public-pension crisis. Instead, legislators with serious courage deficiencies failed to agree on reforms beyond what they believe are “politically feasible.”…

Quote of the day: Finally, someone with some sense about taxpayers’ cents

“At this time, there is not sufficient public support for committing over $350 million in state, city and other funds to a basketball arena and convention center when there are so many well-recognized educational, economic, retirement and health care needs across Lexington and the Commonwealth of Kentucky.” –University of Kentucky President Eli Capilouto on proposed…

Kentuckians overwhelmingly say ‘no’ to using state funds to renovate Rupp

Independent-minded Kentuckians don’t take too kindly to a governor and an unelected bureaucratic “project manager” trying to extract $80 million from taxpayers statewide to fund the proposed renovation of Rupp Arena. These same Kentuckians also don’t seem to be swayed by Gov. Beshear’s weak “Louisville got one, so Lexington gets one, too” argument. Perhaps they…

Associated Press: Minimum Wage Report Puts Democrats on Defensive

The harsh laws of economics honor no man, especially politicians. The Associated Press is reporting that a new report out from the non-partisan Congressional Budget Office (CBO) estimates that a federal proposal to increase the minimum wage to $10.10 per hour would result in the loss of roughly 500,000 jobs across the nation by 2016.…

Isn’t the ‘Kentucky film incentive’ one tax loophole that should be closed?

Why, exactly, do we need a taxpayer-funded “Kentucky Film Commission” that will consider the “status of Kentucky film incentive” at a meeting on Monday? While recently lamenting Kentucky’s dire budget situation and the need for tax reform that allows tax revenue to “grow” with the economy, don’t you wonder why we have policies that allow an…

BIPPS on the debt ceiling

Want a free-market perspective on the government shutdown and the debate over raising the debt ceiling? Join Bluegrass Institute board member and Lexington financial consultant Tom Dupree, one of the panelist on Monday night’s “Kentucky Tonight,” KET’s statewide public-affairs program. The panel includes Jason Bailey, director of the Kentucky Center for Economic Policy, and former congressmen…

BIPPS joins debt-ceiling debate on statewide TV

Tune in to Kentucky Educational Television on Monday night at 8 p.m. eastern as Tom Dupree, founder of the Lexington-based Dupree Financial Group and member of the Bluegrass Institute Board of Directors, addresses the federal budget and debt ceiling on Kentucky Tonight.  Joining Dupree on the program will be Jason Bailey, director of the Kentucky Center for Economic Policy, and…

‘Tangible realities’ about Kentucky’s competitiveness

Which approach will bear greater fruit for Kentucky: Continuing our policy of offering taxpayer-funded handouts to convince companies in other states and countries to bring their jobs to the commonwealth, or making our state’s economy so incredibly alluring that such economic “persuasion” is unnecessary? The question is rhetorical, but opens the door for other not-so-rhetorical…