Thursday, May 15, 2014

Study: Kentucky ranks last in economic health

Kentucky has the worst state economy in the country, according to a new report by global capital management firm Conning.

The report cites Kentucky's dramatically underfunded public pensions, overspending and debt among others as key factors dragging the Commonwealth to the bottom of their list.

This is, of course, news to anyone who depends on the mainstream media for information. Kentucky's latest fiscal year deficit, for example, was more than $573 million despite claims from Gov. Steve Beshear repeated unquestioningly in the media as a $71 million surplus.