Moody's and Fitch downgrade Kentucky's bond rating

Two major security rating houses have downgraded Kentucky's bond rating, "citing increasing costs in the state's pension systems and too much reliance on one-time money to balance the state's books."

And it comes just as Gov. Steve Beshear vetoed the cost-saving measures in a State Senate budget bill and used money from the next fiscal year to balance the budget.

Go figure.