Monday, April 27, 2009

Scratching the lottery financing scheme itch

California's next big idea is to borrow $5 billion from future state lottery revenues and spend it all as fast as possible. The Los Angeles Times is on board.

Not only is this similar to Kentucky's big ideas of cleaning out the Rainy Day Fund this year and next year and raiding the Health Fund, it is probably something Frankfort's spend-happy crowd will try whether or not our western friends pull off their scheme by passing Prop. 1C in the May 19 election.

Given the way government keeps growing all over, the scrounging for new revenues to spend in Kentucky won't slow down any time soon. Getting our legislators to turn away from this type of madness will only happen if active, aware taxpayers stay plugged in and continue to grow their numbers and amplify their voice.

1 comment:

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