Gov. Steve Beshear issued a statement Thursday night expressing his pleasure that Kentucky is about to pick up another $400 million in debt as part of the new road plan.
Not to worry, though. Our “financial experts” are “comfortable.”
“This plan also creates a state stimulus effort through the use of a $400 million bond issue. This newly available debt capacity, added to the federal stimulus money, allows us to invest in projects with long-term benefits for the commonwealth. Our financial experts have carefully analyzed this bond issue and are comfortable with the debt capacity limits.”
He probably doesn’t want any questions about our pre-existing debt problems, either.