Wednesday, December 24, 2008

Another thing the cigarette tax won't do

Seemingly forgotten in the discussion of Kentucky's fiscal woes is the state employee public pension disaster, whose price tag is now $33.4 billion.

Maybe we should all start smoking now.

It should be increasingly clear that there are not enough tax revenues to grab in Kentucky to make up for decades of overspending, especially if we are going to keep overspending.

Gov. Beshear doesn't have the support in Frankfort to keep denying the reality that tax hikes aren't going to right-size bloated government in Kentucky.