Kentucky Governor Steve Beshear announced yesterday that spending exceeds revenues by $190 million dollars and that he will address the problem with certain 2% cuts that amount to (... wait for it!) $29 million.
Most of the rest will come from the same kind of smoke and mirrors games that have created billions of dollars in off-the-books debt that never seems to make it into the headlines.
Or even the press releases from either side of the aisle in Frankfort.
The biggest problem with a 2% cut to the Economic Development Cabinet (ha!) is that it leaves in place the other 98%. There are others, but this should be the beginning of the discussion, not its end. This is where we need the "leadership" Senate President David Williams has been talking about. It's a terrible shame that we are getting instead his image rehabilitation efforts and, likely, more bipartisan tax increases in January.
This is why a "no tax increase" pledge is important.