Kansas ends conservative experiment
Comments
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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.HoustonHusky said: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.
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.
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Then we agree. You definitely cannot help me. Thanks.HoustonHusky said: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.
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If you can't read the title of the thread without deflecting to liberal states, then I can't help you.HoustonHusky said: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.
Here's a hint, all politicians spend too much money. -
*Everybody does it2001400ex said:
If you can't read the title of the thread without deflecting to liberal states, then I can't help you.HoustonHusky said: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.
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. -
Cut tax and spend. Sounds like a winning formula.sarktastic said: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. -
Illinois is a fucking dumpster fire.
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. -
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?topdawgnc said:Illinois is a fucking dumpster fire.
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. -
There's no good answer. That's why I gave up on the GOP and 95% of the 'Merican right several years ago. Everything is fake patriotism, fear mongering, and policies which benefit the millionaires and billionaires, like slash spending while giving them tax cuts.2001400ex said:
Dodge, duck, dive, dip, and dodge. Is this where I throw my wrench?sarktastic said:Does the seat of your Honda get you all tingly like a horse does while trotting?
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All I know is Toppy can fuck right the hell off. Texas is a shithole - the whole fucking state is. I don't give a fuck if they stuff dollar bills in your ass every day, the fact that you have to live in that shitstain of a state to get it makes it not worth it.
Make your money in Washington or California, deal with the fucking idiots in charge, and you're way better off than living in a bunghole of a state like Texas or Kansas.
No wonder Houston and Topy line up to defend their fucked-up state. How else you you defend being so fucking stupid that you'd live in some shithole like that?
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Great open-minded liberal tolerance as always.dflea said:All I know is Toppy can fuck right the hell off. Texas is a shithole - the whole fucking state is. I don't give a fuck if they stuff dollar bills in your ass every day, the fact that you have to live in that shitstain of a state to get it makes it not worth it.
Make your money in Washington or California, deal with the fucking idiots in charge, and you're way better off than living in a bunghole of a state like Texas or Kansas.
No wonder Houston and Topy line up to defend their fucked-up state. How else you you defend being so fucking stupid that you'd live in some shithole like that?
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I'm not a liberal, and I'm not tolerant, either.TierbsHsotBoobs said:
Great open-minded liberal tolerance as always.dflea said:All I know is Toppy can fuck right the hell off. Texas is a shithole - the whole fucking state is. I don't give a fuck if they stuff dollar bills in your ass every day, the fact that you have to live in that shitstain of a state to get it makes it not worth it.
Make your money in Washington or California, deal with the fucking idiots in charge, and you're way better off than living in a bunghole of a state like Texas or Kansas.
No wonder Houston and Topy line up to defend their fucked-up state. How else you you defend being so fucking stupid that you'd live in some shithole like that?
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I didn't deflect...I applied the same logic. By your logic Kansas has problems because they went too conservative...yet by any measure Kansas' problem are nothing compared to the problems states like Illinois, California (whoo-hoo..they've moved up a few notches from being ranked 49th behind Illinois on the backs of yet another stock market bubble...effin eh...) etc. etc. Exactly again what kind of policies caused all of their much larger messes, and why again does your logic toward Kansas not apply to those messes?2001400ex said:
If you can't read the title of the thread without deflecting to liberal states, then I can't help you.HoustonHusky said: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.
Here's a hint, all politicians spend too much money.
Like I said...scream about a match burning while a 10 story building is up in flames behind you.
Effin moron...keep gurgling...
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And a reminder...if a credit downgrade is an indictment of policy...CirrhosisDawg said:
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:sarktastic said: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.
"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."
S&P downgrades U.S. credit rating for first time
Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.
Time for someone around here to start gurgling...
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Fuck you are ignorant. But great point, not in the way you intended. After years of tax cuts, reduced revenues and threatening to shut down the government, the credit of the US was downgraded.HoustonHusky said:
And a reminder...if a credit downgrade is an indictment of policy...CirrhosisDawg said:
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:sarktastic said: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.
"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."
S&P downgrades U.S. credit rating for first time
Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.
Time for someone around here to start gurgling... -
Born in Texas, got the fuck out
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I've read your work.dflea said:
I'm not a liberal, and I'm not tolerant, either.TierbsHsotBoobs said:
Great open-minded liberal tolerance as always.dflea said:All I know is Toppy can fuck right the hell off. Texas is a shithole - the whole fucking state is. I don't give a fuck if they stuff dollar bills in your ass every day, the fact that you have to live in that shitstain of a state to get it makes it not worth it.
Make your money in Washington or California, deal with the fucking idiots in charge, and you're way better off than living in a bunghole of a state like Texas or Kansas.
No wonder Houston and Topy line up to defend their fucked-up state. How else you you defend being so fucking stupid that you'd live in some shithole like that?
HTH
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Kansas has problems because it is populated with Kansans.
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Since there seems to be a preoccupation with bond ratings going on, let me offer the Hardcore Husky investment tip of the day: whenever the political punditry pronounces the financial demise of a US state or municipality, be sure to take a close look at the underlying credit fundamentals. In most cases, but not all, there will be a huge overreaction and sell off, that does not gibe at all with the reality of the situation. For example, many pundits of a certain political stripe have proclaimed the death of California because it fits a convenient political narrative. Same thing could be going on from the other end of the spectrum regarding Kansas. But if you bought State of California GOs in 2009, you would be looking at a total return that would make @thechatch jealous. Now there are many problems with the California economic model that has resulted in the policy objective of killing the middle class in order to save it, but if people continue to dismiss the credit, I will be happy to profit at your expense.
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Fixed2001400ex said:
GurgleHoustonHusky said:
And a reminder...if a credit downgrade is an indictment of policy...CirrhosisDawg said:
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:sarktastic said: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.
"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."
S&P downgrades U.S. credit rating for first time
Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.
Time for someone around here to start gurgling... -
Yes, zero interest rates, Central bank stock, bond and derivative buying has been profitable since 2009.CirrhosisDawg said:Since there seems to be a preoccupation with bond ratings going on, let me offer the Hardcore Husky investment tip of the day: whenever the political punditry pronounces the financial demise of a US state or municipality, be sure to take a close look at the underlying credit fundamentals. In most cases, but not all, there will be a huge overreaction and sell off, that does not gibe at all with the reality of the situation. For example, many pundits of a certain political stripe have proclaimed the death of California because it fits a convenient political narrative. Same thing could be going on from the other end of the spectrum regarding Kansas. But if you bought State of California GOs in 2009, you would be looking at a total return that would make @thechatch jealous. Now there are many problems with the California economic model that has resulted in the policy objective of killing the middle class in order to save it, but if people continue to dismiss the credit, I will be happy to profit at your expense.
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FIFYHoustonHusky said:
The discussion just went way the fuck over my head.2001400ex said:
GurgleHoustonHusky said:
And a reminder...if a credit downgrade is an indictment of policy...CirrhosisDawg said:
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:sarktastic said: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.
"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."
S&P downgrades U.S. credit rating for first time
Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.
Time for someone around here to start gurgling... -
Full court pressing2001400ex said:
FIFYHoustonHusky said:
The discussion just went way the fuck over my head.2001400ex said:
GurgleHoustonHusky said:
And a reminder...if a credit downgrade is an indictment of policy...CirrhosisDawg said:
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:sarktastic said: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.
"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."
S&P downgrades U.S. credit rating for first time
Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.
Time for someone around here to start gurgling... -
Artificially low interest rates? You take advantage - das a lotta money. nice check profit!
https://www.youtube.com/watch?v=kzsSpDyBc_4 -
unfrozencaveman said:
Artificially low interest rates? You take advantage - das a lotta money. nice check profit!
https://www.youtube.com/watch?v=kzsSpDyBc_4
https://www.youtube.com/watch?v=HveMAHf2UBg -
Was it my posts about loving guns, killing stuff, objectifying women, and thinking Obama is a douchenozzle that led you to believe I'm a liberal and tolerant?TierbsHsotBoobs said:
I've read your work.dflea said:
I'm not a liberal, and I'm not tolerant, either.TierbsHsotBoobs said:
Great open-minded liberal tolerance as always.dflea said:All I know is Toppy can fuck right the hell off. Texas is a shithole - the whole fucking state is. I don't give a fuck if they stuff dollar bills in your ass every day, the fact that you have to live in that shitstain of a state to get it makes it not worth it.
Make your money in Washington or California, deal with the fucking idiots in charge, and you're way better off than living in a bunghole of a state like Texas or Kansas.
No wonder Houston and Topy line up to defend their fucked-up state. How else you you defend being so fucking stupid that you'd live in some shithole like that?
HTH
Uhhh - ok. -
That's the funny part. The conservatives around here think that if you don't agree with them on everything, you are a liberal faggot who drives a Prius and loves Obama.dflea said:
Was it my posts about loving guns, killing stuff, objectifying women, and thinking Obama is a douchenozzle that led you to believe I'm a liberal and tolerant?TierbsHsotBoobs said:
I've read your work.dflea said:
I'm not a liberal, and I'm not tolerant, either.TierbsHsotBoobs said:
Great open-minded liberal tolerance as always.dflea said:All I know is Toppy can fuck right the hell off. Texas is a shithole - the whole fucking state is. I don't give a fuck if they stuff dollar bills in your ass every day, the fact that you have to live in that shitstain of a state to get it makes it not worth it.
Make your money in Washington or California, deal with the fucking idiots in charge, and you're way better off than living in a bunghole of a state like Texas or Kansas.
No wonder Houston and Topy line up to defend their fucked-up state. How else you you defend being so fucking stupid that you'd live in some shithole like that?
HTH
Uhhh - ok. -
Hello2001400ex said:
That's the funny part. The conservatives around here think that if you don't agree with them on everything, you are a liberal faggot who drives a Prius and loves Obama.dflea said:
Was it my posts about loving guns, killing stuff, objectifying women, and thinking Obama is a douchenozzle that led you to believe I'm a liberal and tolerant?TierbsHsotBoobs said:
I've read your work.dflea said:
I'm not a liberal, and I'm not tolerant, either.TierbsHsotBoobs said:
Great open-minded liberal tolerance as always.dflea said:All I know is Toppy can fuck right the hell off. Texas is a shithole - the whole fucking state is. I don't give a fuck if they stuff dollar bills in your ass every day, the fact that you have to live in that shitstain of a state to get it makes it not worth it.
Make your money in Washington or California, deal with the fucking idiots in charge, and you're way better off than living in a bunghole of a state like Texas or Kansas.
No wonder Houston and Topy line up to defend their fucked-up state. How else you you defend being so fucking stupid that you'd live in some shithole like that?
HTH
Uhhh - ok.
@TierbsHsotBoobs is not a conservative around here.
hth
