Kansas ends conservative experiment
Comments
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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.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.
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.
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Paid political operatives? That's awesome. You are saying I'm so good st arguing that I must be paid. I like it.sarktastic said: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.
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. -
So, they don't even pay you to spew this shit?2001400ex said:
Paid political operatives? That's awesome. You are saying I'm so good st arguing that I must be paid. I like it.sarktastic said: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.
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. -
I'm curious your answer to the question.sarktastic said:
So, they don't even pay you to spew this shit?2001400ex said:
Paid political operatives? That's awesome. You are saying I'm so good st arguing that I must be paid. I like it.sarktastic said: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.
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. -
Does the seat of your Honda get you all tingly like a horse does while trotting?
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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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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."
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someone needs to dumb this down so d2d and his ilk can get it.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."
