It's amazing that ten weeks have passed without Kentucky's mainstream media even mentioning the reporting of Kentucky Affordable Prepaid Tuition's $35.7 million actuarial shortfall for 2008.
If we had government transparency, we wouldn't need to depend on the Lexington Herald Leader and the Louisville Courier Journal to report on failed, well-intentioned state programs.
And if our politicians had an incentive to think through ponzi schemes like KAPT rather than just signing taxpayers up for another ride because it sounds good, we would save a lot of money.
Thanks for reading the Bluegrass Policy Blog in 2008. Please resolve to inspire those close to you to pay attention to the issues in 2009. We are going to need many more people tuned in fast if we are going to hope to turn things around here.
Wednesday, December 24, 2008
Yes Virginia, we have another problem
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1 comment:
Not only is transparency of government needed, but transparency of the whole private sector is needed. "Free-marketers" not excepted.
Alexander Hamilton and/or James Madison wrote in Federalist Paper 51:
"If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal controls on government would be necessary. In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed; and in the next place oblige it to control itself."
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