“The Kentucky legislature’s attempt to regulate the payday-loan business comes with a large dose of irony.

“Recent budget circuses in Frankfort have resulted in politicians racking up a record amount of debt that requires payback at a high price. Yet, lawmakers want to make it harder for single mothers, blue-collar workers and low-salary employees – who really might need to borrow money.

“I thought [Rep Johnny] Bell’s political party philosophy focused on helping single mothers, the elderly, the financially challenged and the “little guy.” It turns out that like so many of the government policies we see nowadays, this proposal harms the very people it claims to help.