Old news made new again

The Louisville Courier Journal is catching up to the Bluegrass Policy Blog on the state public employee benefits disaster story. Sort of. In today’s paper, an article about state pensions starts like this: “The funding shortfall facing the public employee and teacher retirement systems has grown by roughly $3 billion in the past year, according…

Step one: assume a spinning economist

Harvard Economics prof Greg Mankiw says President-elect Barack Obama’s incoming chief economist assumes in her economics models now that increased government spending has a much larger positive economic impact than tax cuts do. That’s interesting, Mankiw points out, because in March 2007 report she did at UC Berkeley, she came to the opposite conclusion: “That…

Putting the Freeze on Universities

Senate President David Williams, R-Burkesville, rightly proposes freezing tuition at Kentucky’s universities and takes a swipe at university presidents, who are playing petty games with our students’ futures. These chief educational politicians are channeling their frustrations over not getting huge increases in funding each year from the General Assembly into double-digit tuition hikes. They instigate…

No way it will ever be enough

Gov. Steve Beshear expressed excitement and an interesting economic theory Thursday afternoon in response to hearing President-elect Barack Obama’s plan for a bailout of the states. “Without fast and comprehensive action,” Beshear said, “our nation and state will fall into a deeper recession.” Beshear didn’t provide any information to back up his suggestion that “fast…