What surplus?
Gov. Ernie Fletcher expects a surplus of $278-million. Where did it come from?
It came from Fletcher and Kentucky's General Assembly deciding to finance current spending with long-term debt.
In other words, Kentucky has taken a cash advance on the state's credit card. Now that Fletcher has got the cash, he wants to spend it to get as much short-term political gain as possible, even asking, "Whoever runs for governor should put forward a plan" for spending the money.
The surplus, in short, is illegitimate. Wherever possible, the money should be used to pay back the state's recently-acquired debt.
