Wednesday, October 08, 2008

Fed warns about falling property taxes

Just in time for Gov. Steve Beshear's "we're borrowing our way to prosperity" victory lap, we get the word from the Federal Reserve about what to expect -- and when to expect it -- when it comes to falling property tax revenues.

I know the presidential candidates are determined to "stabilize" real estate prices, but all the fun and games will be disrupted soon enough as our big entitlement programs come calling for money we don't have.