Spending in Kansas between 2013 and 2014 INCREASED 8.2%.
Even so, Kansas still enjoys a AA+ credit rating by S &P.
Kansas spends 27% of its state budget on K-12 education. Only 5 states spend more on K-12 education as a percentage of total state expenditures.
So what your are saying is that the true conservative philosophy is to cut taxes and increase spending? I mean, that was Reagan's model, so why should Kansas be any different.
I wonder if any conservative will do what they say they will do and actually cut spending.
sorry, I don't play with paid political operatives bent on destroying discourse... so... Put in a fresh set of batteries and continue enjoying hope and change.
sorry, I don't play with paid political operatives bent on destroying discourse... so... Put in a fresh set of batteries and continue enjoying hope and change.
Paid political operatives? That's awesome. You are saying I'm so good st arguing that I must be paid. I like it.
But really, address the issue. Conservatives paint themselves as for limited government and less government spending. Please explain how the model of cutting taxes and increasing spending works.
sorry, I don't play with paid political operatives bent on destroying discourse... so... Put in a fresh set of batteries and continue enjoying hope and change.
Paid political operatives? That's awesome. You are saying I'm so good st arguing that I must be paid. I like it.
But really, address the issue. Conservatives paint themselves as for limited government and less government spending. Please explain how the model of cutting taxes and increasing spending works.
sorry, I don't play with paid political operatives bent on destroying discourse... so... Put in a fresh set of batteries and continue enjoying hope and change.
Paid political operatives? That's awesome. You are saying I'm so good st arguing that I must be paid. I like it.
But really, address the issue. Conservatives paint themselves as for limited government and less government spending. Please explain how the model of cutting taxes and increasing spending works.
Spending in Kansas between 2013 and 2014 INCREASED 8.2%.
Even so, Kansas still enjoys a AA+ credit rating by S &P.
Kansas spends 27% of its state budget on K-12 education. Only 5 states spend more on K-12 education as a percentage of total state expenditures.
Kansas' Issuer Credit Rating (equivalent to General Obligation) was downgraded by S&P from AA+ to AA with a negative outlook on Aug. 6, 2014. The negative outlook from S&P was affirmed on march 25, 2015. This is what S&P wrote:
"Offsetting credit factors for the ICR include what we consider: A sizable mid-fiscal 2015 budget gap that was covered with a mixture of ongoing and one-time budget adjustments. The mid-year budget corrections are projected by the state to avoid a negative balance, but would leave the state with close to a zero general fund balance at fiscal year-end 2015. We believe that income tax rate cuts have created legislative challenges in enacting a structurally balanced budget for fiscal 2016; The likelihood that general fund balances will remain low due to the governor's proposal to change funding of state general fund reserves; andSignificant unfunded pension liabilities and annual pension contributions that are below the actuarial annual required contribution (ARC), offset in part by Kansas' moderate tax-supported debt burden. The governor has proposed a $1.5 billion pension bond issue, which, if issued, may somewhat improve pension funded levels, but with the trade-off of higher debt."
Spending in Kansas between 2013 and 2014 INCREASED 8.2%.
Even so, Kansas still enjoys a AA+ credit rating by S &P.
Kansas spends 27% of its state budget on K-12 education. Only 5 states spend more on K-12 education as a percentage of total state expenditures.
Kansas' Issuer Credit Rating (equivalent to General Obligation) was downgraded by S&P from AA+ to AA with a negative outlook on Aug. 6, 2014. The negative outlook from S&P was affirmed on march 25, 2015. This is what S&P wrote:
"Offsetting credit factors for the ICR include what we consider: A sizable mid-fiscal 2015 budget gap that was covered with a mixture of ongoing and one-time budget adjustments. The mid-year budget corrections are projected by the state to avoid a negative balance, but would leave the state with close to a zero general fund balance at fiscal year-end 2015. We believe that income tax rate cuts have created legislative challenges in enacting a structurally balanced budget for fiscal 2016; The likelihood that general fund balances will remain low due to the governor's proposal to change funding of state general fund reserves; andSignificant unfunded pension liabilities and annual pension contributions that are below the actuarial annual required contribution (ARC), offset in part by Kansas' moderate tax-supported debt burden. The governor has proposed a $1.5 billion pension bond issue, which, if issued, may somewhat improve pension funded levels, but with the trade-off of higher debt."
someone needs to dumb this down so d2d and his ilk can get it.
How's the Liberal bastion of Illinois' credit rating again? Kansas has problems, but it pales in comparison to the problems facing states like Illinois, California, New York, etc. you know, all those Liberal strongholds.
I love it when the ignorant (like Honda) start saying 'hey, you have a match on fire' over there while ignoring the 10 story building burning behind him.
How's the Liberal bastion of Illinois' credit rating again? Kansas has problems, but it pales in comparison to the problems facing states like Illinois, California, New York, etc. you know, all those Liberal strongholds.
I love it when the ignorant (like Honda) start saying 'hey, you have a match on fire' over there while ignoring the 10 story building burning behind him.
Illinois has the lowest credit rating of all the states (A- Negative from S&P). Pension costs are eating it alive with no visible way out. NJ is the next lowest at A Stable. NY is AA+ Stable, the same as WA and OR. Cal is A+ postive. With its new budget next week and next notes and bonds coming later in the summer, it will surely get to AA- (the market has already priced it in). If S&P's next move with Kansas is a downgrade, it will have the same rating as Cal.
I didn't raise the issue about bond ratings initially but replied to Sarkastic who did. My question is what the hell does one company's opinion about the likelihood bondholders get paid back have to do with the most efficient mix of taxing and spending to generate the strongest ongoing economy? Illinois is screwing themselves over badly but Kansas is not creating an economic or social wonderland either.
See title of thread and see the posts in the thread. If you can't figure out the ignorance of saying "Kansas ends conservative experiment" and citing their budget/policy as the cause of budget issues and ignore all of the issues California (still one of the lowest ratings in the nation), Illinois, NY, Michigan, etc. and ignore the (Liberal) policies that got them in much worse trouble I can't help you.
See title of thread and see the posts in the thread. If you can't figure out the ignorance of saying "Kansas ends conservative experiment" and citing their budget/policy as the cause of budget issues and ignore all of the issues California (still one of the lowest ratings in the nation), Illinois, NY, Michigan, etc. and ignore the (Liberal) policies that got them in much worse trouble I can't help you.
Then we agree. You definitely cannot help me. Thanks.
See title of thread and see the posts in the thread. If you can't figure out the ignorance of saying "Kansas ends conservative experiment" and citing their budget/policy as the cause of budget issues and ignore all of the issues California (still one of the lowest ratings in the nation), Illinois, NY, Michigan, etc. and ignore the (Liberal) policies that got them in much worse trouble I can't help you.
If you can't read the title of the thread without deflecting to liberal states, then I can't help you.
Here's a hint, all politicians spend too much money.
See title of thread and see the posts in the thread. If you can't figure out the ignorance of saying "Kansas ends conservative experiment" and citing their budget/policy as the cause of budget issues and ignore all of the issues California (still one of the lowest ratings in the nation), Illinois, NY, Michigan, etc. and ignore the (Liberal) policies that got them in much worse trouble I can't help you.
If you can't read the title of the thread without deflecting to liberal states, then I can't help you.
Here's a hint, all politicians spend too much money.
It sounds like the People of Kansas are willing to sacrifice a downgrade on their credit so they can enjoy top funded schools with taxes that help promote economic activity... and if its not enough, tax somebody else to pay for it for me I cant/wont.
Something about an increase of 8.2% in expenditures seems lost by some of you.
It sounds like the People of Kansas are willing to sacrifice a downgrade on their credit so they can enjoy top funded schools with taxes that help promote economic activity... and if its not enough, tax somebody else to pay for it for me I cant/wont.
Something about an increase of 8.2% in expenditures seems lost by some of you.
Nobody seems to wonder why it is weird they keep doubling down on higher taxes, more regulation, and more spending.
But a guy, in fucking Kansas, lowers taxes and invests in education, reduces regulation ... and he is fucking Satan.
Ask yourself this one question ... If you were offered three jobs making $20,000 more than you are making now ... one was in Kansas City, Kansas ... one was in Chicago, IL. and one was in California ... where would that $20k go the furthest.
Nobody seems to wonder why it is weird they keep doubling down on higher taxes, more regulation, and more spending.
But a guy, in fucking Kansas, lowers taxes and invests in education, reduces regulation ... and he is fucking Satan.
Ask yourself this one question ... If you were offered three jobs making $20,000 more than you are making now ... one was in Kansas City, Kansas ... one was in Chicago, IL. and one was in California ... where would that $20k go the furthest.
Have you heard of supply and demand? No one wants to live in Kansas. Hence cheaper cost of living. Not to mention, you are not only projecting, you are distracting. Where is the copy/paste from death?
Comments
I wonder if any conservative will do what they say they will do and actually cut spending.
But really, address the issue. Conservatives paint themselves as for limited government and less government spending. Please explain how the model of cutting taxes and increasing spending works.
You like, volunteer? Christ.
"Offsetting credit factors for the ICR include what we consider:
A sizable mid-fiscal 2015 budget gap that was covered with a mixture of ongoing and one-time budget adjustments. The mid-year budget corrections are projected by the state to avoid a negative balance, but would leave the state with close to a zero general fund balance at fiscal year-end 2015. We believe that income tax rate cuts have created legislative challenges in enacting a structurally balanced budget for fiscal 2016; The likelihood that general fund balances will remain low due to the governor's proposal to change funding of state general fund reserves; andSignificant unfunded pension liabilities and annual pension contributions that are below the actuarial annual required contribution (ARC), offset in part by Kansas' moderate tax-supported debt burden. The governor has proposed a $1.5 billion pension bond issue, which, if issued, may somewhat improve pension funded levels, but with the trade-off of higher debt."
I love it when the ignorant (like Honda) start saying 'hey, you have a match on fire' over there while ignoring the 10 story building burning behind him.
NY is AA+ Stable, the same as WA and OR.
Cal is A+ postive. With its new budget next week and next notes and bonds coming later in the summer, it will surely get to AA- (the market has already priced it in). If S&P's next move with Kansas is a downgrade, it will have the same rating as Cal.
I didn't raise the issue about bond ratings initially but replied to Sarkastic who did. My question is what the hell does one company's opinion about the likelihood bondholders get paid back have to do with the most efficient mix of taxing and spending to generate the strongest ongoing economy? Illinois is screwing themselves over badly but Kansas is not creating an economic or social wonderland either.
Here's a hint, all politicians spend too much money.
Something about an increase of 8.2% in expenditures seems lost by some of you.
California is a fucking dumpster fire.
Nobody seems to wonder why it is weird they keep doubling down on higher taxes, more regulation, and more spending.
But a guy, in fucking Kansas, lowers taxes and invests in education, reduces regulation ... and he is fucking Satan.
Ask yourself this one question ... If you were offered three jobs making $20,000 more than you are making now ... one was in Kansas City, Kansas ... one was in Chicago, IL. and one was in California ... where would that $20k go the furthest.