Noticed that since the election, former Rep. Kathy Stein's wacky anti-gun bill from the 2008 session is the most-read bill on KentuckyVotes.org.
There are still some major technical problems with KentuckyVotes, but most of the site is functioning normally. Bill searches and voting records, for example, are fine.
Tuesday, December 02, 2008
Monday, December 01, 2008
That's our Skippy!
Gov. Steve Beshear's endless trail of blue ribbon work groups continues Tuesday with a swipe at college education affordability.
Here's the great part: the meeting features Finance and Administration Cabinet Secretary Jonathan "Skippy" Miller giving introductory remarks, offering a discussion of priorities for a January meeting, and addressing meeting topics and issues for further meeting till next September.
I'm not expecting much more than a rehash of KAPT from Miller, are you?
Here's the great part: the meeting features Finance and Administration Cabinet Secretary Jonathan "Skippy" Miller giving introductory remarks, offering a discussion of priorities for a January meeting, and addressing meeting topics and issues for further meeting till next September.
I'm not expecting much more than a rehash of KAPT from Miller, are you?
Recession official; official response horrible
The National Bureau of Economic Research now says the nation has been in a recession since December 2007.
Recorded history is full of business cycles going up and coming down. The lesson too many are missing is that there is nothing any politician is going to do to stop that. In fact, many of them seem determined to make it worse.
From White House spokesman Tony Fratto:
Yeah, right. Just get the heck out of the way.
Recorded history is full of business cycles going up and coming down. The lesson too many are missing is that there is nothing any politician is going to do to stop that. In fact, many of them seem determined to make it worse.
From White House spokesman Tony Fratto:
"What's important is what is being done about it," Fratto said. "The most important things we can do for the economy right now are to return the financial and credit markets to normal, and to continue to make progress in housing, and that's where we'll continue to focus."
Yeah, right. Just get the heck out of the way.
Bipartisan attack on government transparency
Sunday, November 30, 2008
Bailout spin to begin, again
The Big Three automakers are going back to Capitol Hill this week to beg for a bailout.
There is nothing they can say that will justify throwing taxpayer money at them. Even if the government could "turn a profit" on the deal by taking an equity stake in one or more of them, there is no way we should allow the government to buy up more companies in the name of stability. Just like when Joseph in the Old Testament taxed the Egyptians twenty percent of their grain and sold it back to them in return for their freedom, we will all be slaves when the government figures it can buy up businesses.
Some of the resources tied up in the car companies are misplaced. Delaying the realization of that fact costs us all money. And it might wind up costing us more than that.
There is nothing they can say that will justify throwing taxpayer money at them. Even if the government could "turn a profit" on the deal by taking an equity stake in one or more of them, there is no way we should allow the government to buy up more companies in the name of stability. Just like when Joseph in the Old Testament taxed the Egyptians twenty percent of their grain and sold it back to them in return for their freedom, we will all be slaves when the government figures it can buy up businesses.
Some of the resources tied up in the car companies are misplaced. Delaying the realization of that fact costs us all money. And it might wind up costing us more than that.
Saturday, November 29, 2008
Tell Beshear to drop tax increase plan
Congressman Paul Ryan (R-WI) has a history lesson both President-elect Barack Obama and Gov. Steve Beshear would do very well to pay attention to:
Team Obama seems to have gotten the message that tax increases won't do any good for the economy. Maybe they should talk to Gov. Beshear.
"Important lessons on our current crisis can be drawn from Japan’s “lost decade” in the 1990s, where deeply flawed policy responses lead to a protracted period of stagnation. In the early 1990s, Japan experienced a sharp economic slowdown resulting from the bursting of a real estate and stock market bubble. Sound familiar? In response, Japan’s policy makers pursued an aggressive agenda of fiscal stimulus packages after 1993. Japan’s preference for public spending at the expense of private investment led to record deficits, increasing government debt to 130% of GDP. Following the array of new spending projects, Japan made the critical mistake of raising its consumption tax rate in 1997, proving fatal for Japan’s already stagnant economy. Rather than addressing the significant structural problems in Japan’s financial sector or reducing taxes to spur sustained economic growth, Japan followed a path of increased spending followed by increased taxes. Such a path proved disastrous for Japan, and – should Obama and the Congressional Majority follow a similar path as they’ve promised – it will prove disastrous for America."
Team Obama seems to have gotten the message that tax increases won't do any good for the economy. Maybe they should talk to Gov. Beshear.
Friday, November 28, 2008
While you were hyperventilating...
With all the current problems in Kentucky government to be concerned about, The Lexington Herald Leader is upset about this:
God help us. Oh, sorry guys!
Instead of getting stuck on this stuff, would it be too much to ask the Herald Leader to look into out-of-control public employee compensation, unaccountable school systems, or lying executives?
God help us. Oh, sorry guys!
Instead of getting stuck on this stuff, would it be too much to ask the Herald Leader to look into out-of-control public employee compensation, unaccountable school systems, or lying executives?
Thursday, November 27, 2008
Special message for Fayette Jail head
Fayette County Detention Center Director Ron Bishop is about to get more of a special greeting from federal investigators than the rest of us. Here's yours:
Bishop may be enjoying the holiday season at his home in Louisville with his Lexington taxpayer-provided luxury car in his garage, but given all the people close to him who are talking to investigators, it's not looking like a Happy New Year.
Bishop may be enjoying the holiday season at his home in Louisville with his Lexington taxpayer-provided luxury car in his garage, but given all the people close to him who are talking to investigators, it's not looking like a Happy New Year.
Wednesday, November 26, 2008
Numbers suggest Beshear expects GOP to fold
I wish I had thought of this one, but credit goes to Andy Hightower at the Kentucky Club for Growth for adding up the numbers and finding the hole in Gov. Steve Beshear's fiscal plan:
Read the rest of Andy's post here.
Just plug in your efficiency study, Governor, and everything will be fine. The Senate Republicans have little reason to cut their own throats just to bail you out. In fact, many of the House Democrats don't either.
"... he's either expecting to raise taxes, or not expecting the $456 million shortfall to materialize."
Read the rest of Andy's post here.
Just plug in your efficiency study, Governor, and everything will be fine. The Senate Republicans have little reason to cut their own throats just to bail you out. In fact, many of the House Democrats don't either.
Will Obama cause food costs to rise?
Harvard professor Dr. Greg Mankiw notes that President-elect Barack Obama's flip-flop on farm subsidies is the wrong prescription:
If we are going to get out of subsidizing farmers, let's do it right by eliminating all subsidies, not just those on the "rich."
"Like President-elect Obama (but unlike candidate Obama), I am all for getting rid of farm subsidies. But why would you want to use taxpayer funds to encourage large, efficient, profitable farms to break up into smaller, less efficient, less profitable farms?"
If we are going to get out of subsidizing farmers, let's do it right by eliminating all subsidies, not just those on the "rich."
Tuesday, November 25, 2008
Really bad financial news closer to home
Nearly a week after receiving the latest report on the financial mess that is the Kentucky Retirement Systems, the KRS has released their information to the unwashed masses.
The good news is that the unfunded actuarial liability has only increased by $1,684,998,416. The bad news is that even if we had an extra two billion dollars laying around, it would not put a dent in the deficit carried over from last year which was $31,128,411,829. And the really scary news is that the current $32,813,410,245 deficit is based on June 30, 2008 figures when the Dow Jones Industrial Average stood at 11,350. It is now 25% lower at 8452. The current figures also don't include all the toxic securities our investment gurus were loading up on before they exploded this past fall.
And, of course, you get to make up whatever they can't pay out. Good thing House Speaker Jody Richards fixed all this in June.
The good news is that the unfunded actuarial liability has only increased by $1,684,998,416. The bad news is that even if we had an extra two billion dollars laying around, it would not put a dent in the deficit carried over from last year which was $31,128,411,829. And the really scary news is that the current $32,813,410,245 deficit is based on June 30, 2008 figures when the Dow Jones Industrial Average stood at 11,350. It is now 25% lower at 8452. The current figures also don't include all the toxic securities our investment gurus were loading up on before they exploded this past fall.
And, of course, you get to make up whatever they can't pay out. Good thing House Speaker Jody Richards fixed all this in June.
Don't hate the brown people
WHAS 11 reported on Mexican gangsters setting up shop in Kentucky which you may have already read about here.
You can watch the rest of the WHAS report here.
"Sutter said, “Now is the time to get on this. It isn’t something we want to wait for. We need to be very proactive with this.""
"Shelbyville’s quality of life may depend on it."
"The latest report by the National Drug Intelligence Center reports drug cartel activity involving the Federation Cartel in Louisville and the rival Gulf Coast Cartel in Lexington."
"Authorities fear violence in the future as these two groups begin to fight over territory here in Kentucky."
You can watch the rest of the WHAS report here.
Monday, November 24, 2008
State investment experts play hide and seek
The Kentucky Retirement Systems seems to have something to hide.
New, New Deal is no free meal
America would be far better off if some of our elected "leaders" had to go to a car dealership and buy their own ride. Something magical happens when you go in, pick a car, and hear the salesman's first offer.
If you say no, the price goes down.
The same thing happens every place else in the economy. That's why there is no reason to be afraid of the possibility of price deflation. Think of it as a big blue light special. Enterprises needing exorbitant pricing just to stay afloat don't make it in times like this. Denying this fact only makes the reality more painful when it hits. Better to take our medicine and get on with it.
So President-elect Barack Obama's plan to "stimulate" the economy with $700 billion should be viewed as hostile to our interests. Will it allow some people to continue to be overpaid for a while? Yes. But I'd love to have someone explain to me how it benefits our nation as a whole to temporarily prop up the price level of anything when the market is trying to say that the party is over.
Like it or not, the market is going to win this one. Best to hang on to our money. We are going to need it.
If you say no, the price goes down.
The same thing happens every place else in the economy. That's why there is no reason to be afraid of the possibility of price deflation. Think of it as a big blue light special. Enterprises needing exorbitant pricing just to stay afloat don't make it in times like this. Denying this fact only makes the reality more painful when it hits. Better to take our medicine and get on with it.
So President-elect Barack Obama's plan to "stimulate" the economy with $700 billion should be viewed as hostile to our interests. Will it allow some people to continue to be overpaid for a while? Yes. But I'd love to have someone explain to me how it benefits our nation as a whole to temporarily prop up the price level of anything when the market is trying to say that the party is over.
Like it or not, the market is going to win this one. Best to hang on to our money. We are going to need it.
Sunday, November 23, 2008
Beshear misses out on another victim
On a weekend in which a vampire teen chick flick, Twilight, featured a young girl almost getting eaten, University of Louisville freshman Jordan Fulkerson should probably consider himself fortunate to be alive.
Jordan fell one sporting contest pick short of winning an ESPN online $1 million prize when the Atlanta Falcons beat the Carolina Panthers Sunday. Kentucky Gov. Steve Beshear, who has already leapt fangs-first onto the back of online poker web sites, is on the rampage for tax money from innocent Kentuckians to prop up an unsustainable state government.
Jordan fell one sporting contest pick short of winning an ESPN online $1 million prize when the Atlanta Falcons beat the Carolina Panthers Sunday. Kentucky Gov. Steve Beshear, who has already leapt fangs-first onto the back of online poker web sites, is on the rampage for tax money from innocent Kentuckians to prop up an unsustainable state government.
Saturday, November 22, 2008
A belt for Jim Newberry to tighten
Lexington Mayor Jim Newberry is joining the tax increase chorus we are now hearing at all levels of government.
And yet, Lexington jail administrators are still zipping all over the state in taxpayer-provided cars.
Wonder why?
And yet, Lexington jail administrators are still zipping all over the state in taxpayer-provided cars.
Wonder why?
Rep. Ben Chandler, use your influence
Congressman Ben Chandler deserved some credit for voting against the bank bailout when his vote didn't matter.
Now he needs to step up when he can really make a difference.
North Carolina Congresswoman Virginia Foxx has filed a bill to cut our bailout losses in half.
Her bill needs Democratic co-sponsors, Rep. Chandler. Also don't see Rep. Hal Rogers, Rep. Geoff Davis, Rep. Ed Whitfield, Rep. Ron Lewis on there. Newly-elected Brett Guthrie could weigh in. And Rep. John Yarmuth should have to explain why he still wants to hand more money over to the fat cats.
Now he needs to step up when he can really make a difference.
North Carolina Congresswoman Virginia Foxx has filed a bill to cut our bailout losses in half.
Her bill needs Democratic co-sponsors, Rep. Chandler. Also don't see Rep. Hal Rogers, Rep. Geoff Davis, Rep. Ed Whitfield, Rep. Ron Lewis on there. Newly-elected Brett Guthrie could weigh in. And Rep. John Yarmuth should have to explain why he still wants to hand more money over to the fat cats.
Friday, November 21, 2008
Labor unions don't deserve more power
Union abuses have destroyed American auto manufacturers and mandated union wages on public construction projects cost Kentucky an extra $130 million a year.
So the last thing we should be doing is changing union elections to make them even more powerful.
But that is exactly what Barack Obama, Harry Reid, and Nancy Pelosi want us to do:
So the last thing we should be doing is changing union elections to make them even more powerful.
But that is exactly what Barack Obama, Harry Reid, and Nancy Pelosi want us to do:
Bipartisanship doesn't mean raising taxes
A press release from Frankfort Friday afternoon proclaims "Gov. Beshear says spending cuts necessary along with bipartisan approach to address state’s looming shortfall" (Emphasis added)
Gov. Steve Beshear was elected after saying that Kentuckians were taxed enough and didn't need higher taxes. He promised $180 million a year in "efficiences" that we still haven't seen.
And now he wants Republicans to buy in to tax increases.
Right. Let's eliminate prevailing wage and make top priority out of replacing the MUNIS system so we can begin to assess our K-12 spending nineteen years after KERA. Then we can get serious about public employee benefits reform and start to run Kentucky more like a legal entity set up to represent honest people rather than a slush fund to coddle cronies.
All the "hard work" and "pain" Beshear is talking about needs to start with a desire to really change the way things have been done way for too long.
Gov. Steve Beshear was elected after saying that Kentuckians were taxed enough and didn't need higher taxes. He promised $180 million a year in "efficiences" that we still haven't seen.
And now he wants Republicans to buy in to tax increases.
Right. Let's eliminate prevailing wage and make top priority out of replacing the MUNIS system so we can begin to assess our K-12 spending nineteen years after KERA. Then we can get serious about public employee benefits reform and start to run Kentucky more like a legal entity set up to represent honest people rather than a slush fund to coddle cronies.
All the "hard work" and "pain" Beshear is talking about needs to start with a desire to really change the way things have been done way for too long.
Kentucky bureaucrats too big for their britches
Kentuckians should have no tolerance for government employees going around the law-making process to take rights away from citizens. That is what's happening in Hopkins County. When the local elected officials couldn't pass a smoking ban, they let the local health department enact one anyway.
This is like feeding the bears. If we let them ravage private business owners who choose to allow smoking, who will speak up when they come for the rest of us?
"In a letter to the Hopkins County Health Department, Kentucky Freedom Coalition spokesman Hal Latham promised his group will “vigorously fight any attempt by the Health Board to enact laws concerning this matter . . . We are passionate about freedom and private property rights.""
"Surely, no process that exists is more fundamentally un-American than laws enacted and enforced by non-elected bureaucrats."
This is like feeding the bears. If we let them ravage private business owners who choose to allow smoking, who will speak up when they come for the rest of us?
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