Tuesday, April 01, 2008

We are passing a tax increase

It looks increasingly likely that little or nothing will be done to address the public employee benefits shortfall we have known about for a long time.

Save the congratulations for the closed-door conferees until we see strong action taken on this front. Years after we started calling tax increases "fee increases," the ticking time bomb health and pension payments we are obligated to make, but don't have the money for represent an unprecedented tax increase on Kentuckians.

I wish this were an April Fools' joke. But at $26 billion and counting, it is no laughing matter.