The real Voodoo economics

This passage appeared on Sunday's New York Times editorial page:

"Contrary to conventional wisdom, raising taxes may be better than spending cuts because tax increases, especially if they are focused on wealthy taxpayers, have less of a negative impact on consumption. Spending cuts hit consumption hard, depriving the economy of money that would otherwise be spent quickly. They also have the disadvantage — so evident in the cuts proposed by Mr. Schwarzenegger — of falling heavily on the needy."

This still doesn't get us past the fact that if greater government spending stopped or averted economic downturns, then we wouldn't be very likely at all to find ourselves in one now.

Public spending cuts may "hit consumption hard," but when we are talking about borrowed money, it's better to hit it now rather than wait for it to come back and hit us later. Just ask the people who count the beans for Medicare and Social Security.

Putting the money back into private hands, even if they are "wealthy," has a long tradition of working more effectively at promoting general welfare than running it through layer after layer of bureaucratic middlemen. Continuing to pretend otherwise is an increasingly unaffordable luxury.

From the same people who like Obamanomics

It's quite a leap from an old monkey fossil to "proof" of a 47 million year old evolutionary link to humans. Very similar to the logic that has us taking more and more money from the productive economy and giving to the Washington D.C. "fixers" to make everything all better.



In other words, it's a bunch of hooey.

Beshear cares more about unions than poor kids

Kentucky could save hundreds of millions of dollars repealing prevailing wage and we are monkeying around with $4.5 million cuts on programs for underprivileged children?



This is disgraceful.

See you at the Frankfort Freedom Rally

Concerned citizens will gather Saturday, May 23, at Juniper Hill Park (800 Louisville Road) in Frankfort 1pm to 3pm to support public policies to return America to a path toward greater prosperity.

In his book Applied Economics: Thinking Beyond Stage One, Dr. Thomas Sowell said the following:

"A student asked his history professor: "Where did slavery come from?"
"You're asking the wrong question," the professor replied. "The real question is: Where did freedom come from?"

Restoring our freedoms won't just happen by itself. It will take massive, coordinated action. And we need more people. Those who criticized the Tea Party movement said that it would never amount to anything. If we quit now, they will be right.

I'm not quitting. Are you?

Ready for your Dan Rather tax?

Don't look now, but some people think it might be terrific to charge you hundreds of dollars a year in "news tax" to subsidize our money-losing mainstream media.



Read the rest here.

Perhaps they think that if Americans are ready to adopt the worst elements of the British healthcare system we surely will fall for this sort of thing, too.

Bunning smacks Obama over Gitmo

Sen. Jim Bunning said the following after the U.S. Senate voted 87-3 to spend another $73 billion on the wars in Iraq and Afghanistan:

"I am very pleased that we are no longer wasting time to convince our colleagues to fund these wars. We can win these conflicts, and we are winning them, and our fighting men and women deserve to have the resources they need to do so. This bill will help provide them with those resources."

"The Senate stripped funds from the bill that were originally requested by President Obama to close down the detention facility at Guantanamo Bay and relocate the terrorist prisoners who are being held there -- sending a clear message to the President that these dangerous killers are not to be sent to the United States. It was reckless of President Obama to set an arbitrary timetable for closing the prison camp without first having a plan in place for where these terrorists will be detained next and I believe that removing this funding was in the best interest of the security and safety of the American people."

Calling big government's bluff

There is a widespread belief in Frankfort that Gov. Steve Beshear will call a June 15 special session to raise revenue in the face of Kentucky's growing overspending problem.

The Senate would do very well, in such a case, to pass a resolution allowing the governor to cut spending and to quickly adjourn the session.

Frankfort still treating us like mushrooms

Alabama has become the latest state whose legislature wants its citizens to be able to see how their tax money is being spent.

Kentucky still wants to keep you in the dark.

Wonder what our guys are afraid of?

Beshear governing by silly emotional appeal

Here is Gov. Steve Beshear's latest plea for turning the state over to casino gambling interests:

"I don't want Kentucky to be known as the former horse capital of the world. Too much is at stake - 100,000 jobs, comprised mostly of working families, and $4 billion in economic impact. We must act quickly to ensure that we maintain that investment in our state."

First, it's silly to say Kentucky's horse industry can only survive by being allowed to diversify into a business that is currently illegal in order to subsidize their less profitable main operations. Why can it only be casinos or slot machines? If they just need money, why not license tracks to set up check cashing services? Dry cleaning services are often very profitable. Maybe Churchill Downs could launder a couple of your shirts and clean one of your suits while you watch a few races. Or they could send insurance agents into the grandstand to write a few policies for a new, ongoing revenue stream to beef up purses and improve profitability. Or sell used cars or new electronic equipment.

And who is Gov. Steve Beshear to say the 100,000 jobs and $4 billion economic impact of the horse industry wouldn't be replaced by something even more lucrative if horse racing faded out? Four months into the Obama Administration, I get pretty nervous when I hear a politician say "we must act quickly to maintain..."

I'm as sympathetic as anyone for those who just want to compete on an even playing field with horse tracks in casino states. But trusting Gov. Steve Beshear and House Speaker Greg Stumbo to put together a regulatory structure that won't wind up hurting the state more than it helps is just not something I'm comfortable doing.

I'm open to considering a well-conceived proposal, but I get more skeptical when the sales pitch is as emotional as this one has been.

Still looking for our efficiency study

Attorney General Jack Conway is upset about shysters who organize as "charities" to steal money from unsuspecting Kentuckians, and he should be.

But when he says "charities and solicitors that mislead Kentuckians about how their donations will be used or who they will benefit will not be tolerated," it's hard not to wonder if Conway isn't just protecting his and Gov. Steve Beshear's turf.

Beshear and Chandler feed us to the unions

Just as Louisville Mayor Jerry Abramson did the math on prevailing wage costs in his city and decided to opt out, Congressman Ben Chandler (D-Versailles) is running hard in the other direction.

Chandler's "Green Schools" bill HR 2187 would waste many billions of dollars in environmental upgrades to school facilities across the country. A key feature of the bill would make recipients of the money observe Davis-Bacon union wage requirements even if their home state has been smart enough to toss aside the wasteful mandates.

Kentucky, of course, isn't one of those "smart enough" states, despite our obvious need to cut out spending fat. Thanks, union-supported politicians!

Chandler's bill has passed the House and looks to be championed in the Senate by Iowa big-spender Sen. Tom Harkin.

Welcome back, David Williams

The Louisville Courier Journal has gone back to calling Senate President David Williams silly names on its editorial page:

"Those numbers will require action, unless Mr. Williams and other no-new-revenue drones are content to see services and programs suffer even more than they already have."

I've been as tough on Williams as anyone for his tax-raising activities, but he says he's ready to fight now.

Audit the Fed bill is in federal budget

Sen. Jim Bunning said Senate Democrats so far have not removed his "Audit the Fed" bill from the budget bill which could get a vote this week.

On his weekly conference call this morning, he talked about the importance of the bill:

"It says to the Fed, 'it's time to be held accountable for your actions.'"

Bunning also challenged reporters who repeated questions about his campaign and about his health. Bunning responded to The Lexington Herald Leader's John Stamper, who asked him about releasing his medical records, by saying he was up for any kind of physical challenge the reporter chose and asked him how big he was.

Stamper responded "I wouldn't want to arm wrestle you, Senator."

Bunning also called Sen. Mitch McConnell a "control freak" who "doesn't like anyone who tells him no."

Better talk about this now

A weekend debate between South Carolina's two Republican U.S. Senators, as described in The State newspaper, should begin an important dialogue for Kentucky Republicans:

"Ron Paul is not the leader of this party," (U.S. Sen. Lindsey) Graham said, prompting a few jeers. Some people yelled, "Yes, he is!"

"I’m not going to give this party over to people who can’t win," Graham finished, drawing most of the crowd to its feet.

But U.S. Sen. Jim DeMint, who followed Graham, said he’d rather have 30 senators who stand on principle than 60 who have none.

The increasingly-likely primary battle between Dr. Rand Paul and Sec. of State Trey Grayson would open similar divisions in Kentucky that both candidates would do well to start closing right away.

Sitting next to Mica, I feel older and balder

I like the sound of this

In Tennessee, they are setting up Tea Parties for one of their Congressional representatives to remind him that he "works for Tennesseans, not Nancy Pelosi!"



Might a round of these by Kentuckians help focus Congressman Ben Chandler? I think so.

Obamathon for socialized medicine

Call it a tax-me-more fund for Canadian-style health care. Pres. Barack Obama wants you to send in money so he can run commercials to promote a total government takeover of the American health care industry.



Go fish, Mr. President.

Let's make some news

I'll be on Newsmakers Saturday morning at 11 am with Mica Sims talking about where the resistance to bloated government movement goes from here.

Next stop is the Frankfort Freedom Rally next Saturday May 23 at 1 pm at Juniper Hill park.

Food for thought for Appalachia

Add one to the "no comment" brigade

It's worth pointing out that the federal investigation into the Lexington jail inmate abuse scandal still has not been closed.

As the scandal prepares to blow up all over Lexington taxpayers, former Mayor Teresa Isaac and current Mayor Jim Newberry have been conspicuously silent.

I just reached Director Ron Bishop on his LFUCG-issued cell phone to ask if he had a comment about the three guilty pleas issued so far.

"I have no comment, Mr. Adams," he said.