More on magical cigarette tax

We heard a lot earlier this year about how great things would be if we only raised the cigarette tax in Kentucky. The Lexington Herald Leader continues the charade today with an editorial comparing us, unfavorably, to Massachusetts: “Kentucky has fewer teachers than a year ago. Massachusetts has fewer smokers.” “Why, you ask, would these…

New pension scandal may wake us up here

Unions have used unsustainable pension benefits as a weapon against corporations and governments for decades. In most cases, both sides spent much of that time unconcerned about the damage their game would do to their successors and, primarily, to the people paying the bills — shareholders and taxpayers. Most corporations and many governments have figured…

Oh, the irony

Some Kentucky politicians of the big-government variety have tried to make the case for bringing casinos to the state to buy more big government. Kind of like Nevada. The rest of us may find a little humor in watching lawyers and big-spenders out west get ready go after each other like starving men on a…

Our fiscal crossroads

The Louisville Courier Journal is at it again. Kentucky’s ever-expanding state budget includes $1.5 billion in new debt and we already have the third-highest debt load of any state. Given that, the Courier Journal can only imagine squeezing Kentucky taxpayers for more: “The temptation is to say all’s well that ends well and move on,…