Monday, October 06, 2008

Still looking for that pony!

The Kentucky Club for Growth adds some details to a post I put up this morning about Kentucky's deteriorating financial situation and particularly the official inaction that stands to make it all worse. (Go here to see the Club's post.)

One bit of good news that I just found out -- that's good news in the optimistic sense of the boy who spent hours digging through a room full of manure hopeful to find the pony that was surely in there somewhere -- is that Kentucky has not issued any of the billion and a half dollars in bonded indebtedness the legislature decided to issue in the budget passed last spring. Given the current state of the municipal bond market, it may be a while before they can sign our children up for any of that debt. So -- good news.

Gotta enjoy it when you can find it.