Weak attempt at reform

While state lawmakers and defenders of the status-quo pat themselves on the back for a last-minute, “successful” legislative session, the standard of living for all Kentuckians continues to be in danger. Once again, state lawmakers failed during a legislative session to enact meaningful public pension system reform. Rather than take effective action against a $34…

Op-Ed: Major reforms needed to repair Kentucky’s broken pension system

The following is an op-ed I submitted for publication in the Lexington Herald-Leader. It was printed on Monday April 15, 2012. You can view the letter on the paper’s website here. If Kentucky’s public pension system was a private-sector business, it would have been forced to close its doors many years ago. Unfortunately, the pension…

The federal income tax centennial: No reason to celebrate

By D. Eric Schansberg, Ph.D. Despite establishing a blue ribbon commission, Gov. Beshear’s administration failed to make any progress in reforming Kentucky’s antiquated and burdensome tax code during this year’s General Assembly. But Kentucky is not the only place where tax reform is needed. It’s badly needed on the federal level, as well. This year…

Obamacare comes to Kentucky: When federal money runs out, what then?

There’s not much protection – and even less affordability – for Kentuckians in President Obama’s misnamed Patient Protection and Affordable Care Act, otherwise known as “Obamacare.” Temporarily, Kentucky may be able to afford it – only because the federal government is waving dollars in front of cash-hungry politicians. But in the long run, Obamacare will…

Private organizations eligible for public pensions?

Kentucky taxpayer money is being wasted Why are private-sector workers receiving public pensions? Imagine a world in which the employees of nonpublic entities are not allowed to be a part of the state’s public pension system. In this world, taxpayers are not footing the retirement package bill for private organizations’ workforce. Wait, you didn’t know…