What Kentucky really needs to jump start its economy for the 21st century is real tax reform.
But since that would mean - yes -- increased taxes paid by some people and businesses, our legislators will probably never have the guts to make that happen.
That being the case, we're stuck with living within our current means. Which means Governor Matt Bevin's proposed budget is probably about the best we can hope for.
Even though it mandates painful, across-the-board nine percent cuts to most state agencies, at least it recognizes that, at some point, you have to stop spending money you don't have. And it finally proposes meaningful action to reduce the dangerous underfunding of our state pension system.
And it isn't as if Mr. Bevin didn't include some wise exceptions to his budget axe. Medicaid spending remains intact under his plan, and public school funding will even increase over the next couple of years.
No, there won't be any raises for state employees, including teachers. But something has to give, and if my pension looked as shaky as theirs has lately, I'd certainly prefer fixing that problem before getting a raise.
Don't misunderstand. I think meaningful tax reform is the real key to pulling us out of our economic tailspin. But until that happens, the Governor has to work with the hand he's dealt.
I'm Bill Lamb and that's my Point of View.