Friday, August 14, 2015

Frankfort media dumbs down "budget surplus" to distract from explosive government growth

For the second time in two months, Frankfort reporters misled Kentuckians by abusing the term "surplus" is discussing state General Fund revenues. In July, a recorded increase in revenue was reported as a budget surplus and today, a predicted revenue increase for the current fiscal year was again referred to widely as a budget surplus.

If all Frankfort has to do to claim to have balanced budgets is to take more "revenue" from us, politicians become even less accountable to the people.

"The truth is Governor Beshear has piled two and half billion dollars more in revenue-supported debt on our heads since he took office in 2007, ran through $3.6 billion in federal 'stimulus' funds and increased public employee benefits' unfunded status by billions more while employing cynical tricks like this one to pretend to be fiscally responsible," said Kentucky Progress publisher David Adams.

"The ObamaCare mess is raising our fiscal debacle to a whole new level with its accounting smoke and mirrors and propaganda word games, so someone needs to document these activities to show where we went off the rails."