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Kansas ends conservative experiment

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Comments

  • Fire_Marshall_Bill
    Fire_Marshall_Bill Member Posts: 26,140 Standard Supporter
    2001400ex said:

    Does the seat of your Honda get you all tingly like a horse does while trotting?

    Dodge, duck, dive, dip, and dodge. Is this where I throw my wrench?
    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.
  • dflea
    dflea Member, Swaye's Wigwam Posts: 7,287 Swaye's Wigwam
    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?



  • dflea
    dflea Member, Swaye's Wigwam Posts: 7,287 Swaye's Wigwam

    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?



    Great open-minded liberal tolerance as always.
    I'm not a liberal, and I'm not tolerant, either.

  • HoustonHusky
    HoustonHusky Member Posts: 6,011

    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."
    And a reminder...if a credit downgrade is an indictment of policy...

    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.

    image

    Time for someone around here to start gurgling...
  • 2001400ex
    2001400ex Member Posts: 29,457

    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."
    And a reminder...if a credit downgrade is an indictment of policy...

    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.

    image

    Time for someone around here to start gurgling...
    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.
  • AZDuck
    AZDuck Member Posts: 15,381
    Born in Texas, got the fuck out
  • PurpleThrobber
    PurpleThrobber Member Posts: 48,545 Standard Supporter
    Kansas has problems because it is populated with Kansans.