Wednesday, January 04, 2012

Beshearmageddon

Governor Steve Beshear's spokeswoman has confirmed he will seek spending cuts of 7 to 9 percent this year.

InsiderLouisville.com has the story here.

From the story:
“Preliminary (cuts) have been requested for next year at 7 to 9 percent,” stated Kerri Richardson, Gov. Steve Beshear’s deputy communications director, in an email response to an Insider Louisville query.
Frankfort politicians in both parties had to know this was coming. The excessive spending never stopped during the recession and this is just the tip of the iceberg because principles of budgetary responsibility have been so actively ignored for so long.

This helps explain, of course, why the state finance people are hiding legally mandated reports.

And it is particularly odd that only two days ago, Speaker Greg Stumbo was on television discussing plans for huge increases in school spending. Was he totally in the dark?

The legislature will want to respond to this by borrowing more money but we can't let them do it.