Medicaid is $112 million underwater.
Not good. This hands Beshear his first big opportunity. Expect him to make the most of it.
The temptation is to think first about the role this will play in the casino debate, but it really just heightens the need for serious attention to the public employee pension mess. Also, Beshear should resist the urge to use this news as an excuse to break his campaign promise to repeal the LLET.
We can't reasonably expect Governor Beshear to recognize the need to cut government spending, but that would be his surest ticket out of this one.