A bit ago, I wondered what Freepers thought of Kansas, the laboratory of conservativism that seems to produce only stink bombs.
I suppose I shouldn't be surprised it doesn't come up much these days, despite the recent NY Times article (other than Brownback for veep threads!!) But there were echoes of this disaster in July 2014, before Brownback declared the problem was not enough doubling down. And there, Freepers hadn't yet realized this was beyond denial was best ignored.
Doctor 2Brains scoffs at August 2014 budget estimates - we've a surplus in July 2014!
I still see a surplus. What’s the problem? How can they not “pay their bills” and still have a surplus?4rcane thinks the problem is that Brownback didn't cut spending:
whats actual tax revenue. the surplus information don’t prove or disprove tax cut is the cause of the bankruptcy. It could be overspendingResolute Conservative agrees - Kansas's government is still too big!
Yeah, he forgot that when you cut taxes you have to trim the budget too. Cannot keep spending when your income goes down. Stupid.Saying what the others are assuming, C. Edmund Wright realizes that maybe tax cuts...don't pay for themselves?
Wasn’t it Arthur Laffer who argued that increased economic growth due to tax cuts would deliver more revenue that would help cushion the impact of reduced revenue collection?Forgetting the dot-com crash, CommieCutter explains tax cuts totally caused the post-2001 economy to do super well, but then Bush spent it all on...something.
He said it would in certain circumstances, in certain amounts - that's why his theory on this is called "the Laffer Curve" - perhaps Kansas over shot, or perhaps there are other things to consider…..spending, etc...
Wasn’t it Arthur Laffer who argued that increased economic growth due to tax cuts would deliver more revenue that would help cushion the impact of reduced revenue collection?
Nationally that’s what happened in the early 2000s. The revenue increased with lower taxes. But they kept spending more while keeping it under 20% of GDP.rottndog knows that any surplus just encourages bigger government!
So, the budget surplus is declining, but still there.....DariusBane wants the state to invest the money. In stocks I guess, not education or infrastructure...
Why exactly is that a bad thing...the more excess revenue, the more wasteful spending.
If the government is taking in more than it’s spending, it should not only cut taxes to trim the surplus for the next year, it should rebate the excess to prevent its’ waste.
And yes...merely voicing that point of view makes me an extremist.
Why should any State run a surplus? If a State does run a surplus, invest the money and reinvest the gain. Save the money and interest proceeds for a downturn. Don’t spend the principle. That’s what real people do.Lake Living enjoys using Detroit to lose perspective on anything bad elsewhere in America:
Don’t worry... we still have Detroit and Flint is “hotting up” according to latest headlines.castlegreyskull explains that when the economy's bad, nothing matters, so might as well cut!
It did enjoy a downer economy. Either this article is just a disguised attack on a GOP governor. So they have a downer economy with high taxes, and a downer economy with low taxes, both with a surplus.centurion316 is sure the jobs are coming to Kansas...any day now!
I hear a giant sucking sound in my spot on the border with Missouri. It’s the sound of small businesses leaving Missouri to locate in Kansas where they will pay property taxes, sales taxes and employ more Kansans. There must be a lag during this shift when income tax receipts will drop and other forms of tax revenue have not caught up. Kansas may also need to adjust their consumption taxes to get things back in balance.DisorderOnBorder proves that calling conservative groups liberal didn't start with Trump:
Texas and Florida do not have income taxes. That seems to have had a positive effect on their growth rates. Democrats will do their best to discredit what Brownback is doing and he is taking a risk, but this can be a big plus long term.
Cheerleading from liberal groups like Amer for Tax Reform (pro Amnesty, pro Islamic Terrorist), CATO (Amnesty Liberal, Open Borders Liberal, One World Liberal), and Bill Kristol (all liberal)....doesn’t help the Conservative pedigreeliberal groups like CATO?!?!?!?!!!!
Surprised Chamber of Communists hasn’t chimed in
Jim Noble knows the real goal of tax cuts is anarchy!
Now there's been a dramatic decline in revenues
Good.nascarnation is pretty sure Kansas has been liberal all along...
I've never understood the "cut taxes so the State gets bigger" argument.
The only reason to cut taxes is to shrink the State. If cutting taxes GROWS the State, I'm against it.
Kansas voted in Kathleen Kevorkian Sebelius as gov once upon a time, right?