Tuesday, February 17, 2009

Watching California, thinking Kentucky

The budget fireworks in California took a positive turn Tuesday as Gov. Arnold Schwarzenegger has started the major downsizing of government he should have done months ago.

One single Republican vote in the state Senate is all that stands between the nation's biggest state and the nation's biggest tax increase. Should that resistance hold, spending cuts and Obama bailout funds will have to make up huge deficits.

Federal bailout funds prevent much of the forced spending discipline that would do California a world of good. To a much lesser extent, that ship has already sailed for us in Kentucky.

Of course, we will be back having this same argument again very soon in Frankfort. Will it be deja vu all over again, perhaps? Hope not.