Kentucky's next meltdown

Another problem Kentucky is not addressing is its underfunded unemployment insurance reserve.

When the well runs dry, Gov. Steve Beshear can run to the federal government, again, but he will have to stand in line if the situation worsens much more.

And I don't think playing another "hide the pension underfunding" game will work on this one. Nor will a tax increase. Of course, we may be able to do something about the kind of unemployed people we encourage to live in the state.