Thursday, November 09, 2006

Fiscal Conservatism: Let's Try It

Wasteful and/or unnecessary government programs don't get straightened out or eliminated by accident. They have to be picked out, examined thoroughly, worked over, argued -- and even then they are usually left alone because each government program has a built-in constituency determined to see it survive.

The public pension crisis in Kentucky is the largest drain, has the largest constituency, and risks every other state program like a time bomb in your bedroom risks your ability to get a good night's sleep.

It isn't the easiest place to start politically, but it can't wait. Kentucky didn't feel Hurricane Katrina in the usual sense. But if you can imagine a Category Five hurricane of red ink demolishing our cities and towns, you have the idea.

We have to keep our promise to past and current state and municipal workers. But it is no exaggeration to say if we don't do something to limit future liabilities fast, we will get wiped out.