House Democrats have grabbed the Republicans' proposed budget and made changes to place Republicans in an untenable political position, making it impossible for them to go against their constituencies. On the other hand, state Republicans continue to release false and misleading information about the cause of Kentucky's current financial dilemma when they argue that four years ago state deficits became unmanageable.
Anyone familiar with state government deficits are aware Republicans and Democrats are responsible for our state's irresponsible deficit status in 2004. The financial plight of this state was documented by Kentucky Long Term Research Center's December 1996 book entitled "Exploring the Frontier of the Future, How Kentucky Will Live, Learn and Work." On page 256 was a summation of the lack of stewardship exhibited by Kentucky's past elected executive and legislative branches of state government. The book detailed lack of stewardship and stated that "expenditures were projected to grow approximately 6 percent a year through FY2004, compared to 5.3 percent annual growth for revenues. The difference may not seem like much, but at this rate, expenditures would grow 79 percent between FY1994 and FY2004, while revenues would only grow 67 percent." Since it is FY2004, our state expenses exceed our state income by more than 12 percent.