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Issue Position: Stop the Borrowing

Issue Position

Location: Unknown

In 2010 the current leaders in the Kentucky House of Representatives proposed raising Kentucky's debt by $1.1 Billion and attempted to raise taxes on small businesses by an additional $300+ Million. Fortunately, the Kentucky Senate and even the Governor rejected the Democratic leadership's massive new debt and tax increases.

Kentucky current debt is now over $40 Billion due in part to the state's unfunded pension program liability, which has absolutely got to be addressed. Kentucky has recently been cited as one of the 10 worst states in regard to its accumulating debt crisis. This will cause the Commonwealth credit rating to be lowered if not addressed - eventually winding up like states such as California on the verge of bankruptcy.

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