A perfect example of what is wrong with Frankfort presented itself this afternoon when Gov. Steve Beshear put out a press release proclaiming that he put $121 million in the state’s rainy day fund.
Beshear actually does well with this if you see it for what it is. He is a politician running for office, trying to get a positive news story and no tough questions. The Lexington Herald Leader picks up the assist.
The rest of us are supposed to pretend not to remember the $166 million in Medicaid funds “borrowed” from 2012 three months ago. And of course he will get away with it politically because his Republican opponent voted for the same nonsense.
That’s bad enough, but we are also supposed to ignore the state debt this money would be much more properly applied to than to use it for political stunts like this. Again, his Republican opponent voted the same way.
And this $121 million could be dropped into the deep dark hole of unfunded public employee benefits without even making a sucking sound as it disappears into the abyss. But because there are no political points to score between establishment politicians, the big media sees no story.