Relief over sharply falling consumer prices in October may be short-lived as industries continue to demand taxpayer-financed “price stability.”
One of many overpriced items is big government. As more cities consider bankruptcy, the calls for a federal government bailout of cities and states get louder.
WHAS interviewed University of Louisville economist Paul Coomes and asked him if the proposed auto industry bailout would make a difference. He said doing so would only delay them from renegotiating union contracts.
Same goes for Kentucky. Before Gov. Steve Beshear goes to Washington D.C. for a federal bailout or to the General Assembly for one from Kentucky taxpayers, we need to renegotiate our union contracts. That means repealing prevailing wage and making Kentucky a right to work state.