Wednesday, September 21, 2011

Excessive public debt just like a tax increase

Governor Steve Beshear just told WVLK's Jack Pattie that he didn't raise taxes on Kentuckians when revenues went down. The big thing he hopes you don't know about is the billion dollars a year in revenue-supported debt he and the legislature piled up these last three years.

But without an awareness of this key fact, we will have a very difficult time turning back from our overspending habit.