Kansas Takes Republican Economic Theory For a Spin
Jul 17, 2014 03:56:28 #
Jul 17, 2014 04:03:30 #
Bazbo wrote:
http://www.washingtonpost.com/blogs/plum-line/wp/2014/07/16/gop-governor-implements-gop-economics-disaster-ensues/?hpid=z3
...and now it will probably take years to get them out of debt with a Democratic governor. This man shouldn't be elected to dogcatcher.
Jul 17, 2014 08:24:01 #
He should be re-elected & be forced to deal with & fix the mess he's made.
dljen wrote:
...and now it will probably take years to get them out of debt with a Democratic governor. This man shouldn't be elected to dogcatcher.
Jul 17, 2014 10:40:29 #
dljen wrote:
...and now it will probably take years to get them out of debt with a Democratic governor. This man shouldn't be elected to dogcatcher.
You lefties put Obama in again and look how devastating it has been for our national debt.
Jul 17, 2014 11:00:40 #
In fairness: Brownback took a chance that we would have a near normal recovery. Maybe the Obama/("Summer of Jobs") )Biden economy had a little too much regulation and Obamacare drag (part-time jobs) to lift off normally. Just saying.
Jul 17, 2014 13:31:53 #
So Dave, You're telling me that Brownback gambled with the future of his citizens and that's somehow Obama's fault that it he lost the bet.
If you really buy into that, why don't you send me your paycheck and I'll invest it for you?
If you really buy into that, why don't you send me your paycheck and I'll invest it for you?
Jul 17, 2014 13:43:52 #
Jul 17, 2014 17:36:53 #
Bazbo
Loc: Lisboa, Portugal
davefales wrote:
In fairness: Brownback took a chance that we would have a near normal recovery. Maybe the Obama/("Summer of Jobs") )Biden economy had a little too much regulation and Obamacare drag (part-time jobs) to lift off normally. Just saying.
The post was about decision making, not wagers. Brownback went full on Republican economic myth and those decisions are a fair real world test on if those ideas have any merit. It turns out they don't. Evidence Exhibit A: Kansas.
Contrast with California where the Republicans have been reduced to irrelevance. We even voted ourselves a tax increase and not only did the sky not fall but we now have a surplus measured in billions. You think Kansas would like to have a surplus like that?
Just asking.
Jul 17, 2014 17:48:43 #
Bazbo wrote:
The post was about decision making, not wagers. Br... (show quote)
Hmmmm. The silence is deafening. The Laffer curve on which Gov Brownback based his economic policy has been pretty thoroughly discredited. Sad to see an experiment with a failed theory taking a state's fiscal resources with it. Here's a link: http://en.wikipedia.org/wiki/Laffer_curve Note that Laffer himself didn't posit the theory as "gospel;" he used it as a pedagogical device. In 2007, Laffer said that the curve should not be the sole basis for raising or lowering taxes, according to Wiki. But then true believers in the evils of taxation are happy to embrace uncritically a theory which seems to bolster their positions.
Jul 18, 2014 07:24:32 #
Bazbo wrote:
The post was about decision making, not wagers. Br... (show quote)
If you google states with the worst deficits you will find California number one with a $617 billion deficit, more than twice number two which is New York.
Jul 18, 2014 09:07:39 #
Bazbo is correct. Now that the republicans are gone. we've been able to repair the economy & are currently running a surplus..
Once Kansas gets rid of their republican Governor, perhaps they can do the same.
http://www.lao.ca.gov/reports/2013/bud/fiscal-outlook/fiscal-outlook-112013.pdf
"The Budget Outlook
Under Current Policies, $5.6 Billion Projected Reserve at End of 2014-15. The states 2013-14
budget plan assumed a year-end reserve of $1.1 billion. Our revenue forecast now anticipates
$6.4 billion in higher revenues for 2012-13 and 2013-14 combined. These higher revenues are
offset by $5 billion in increased expenditures, almost entirely due to greater required spending
for schools and community colleges. Combined with a projected $3.2 billion operating surplus
for the state in 2014-15, these factors lead us to project that, absent any changes to current laws
and policies, the state would end 2014-15 with a $5.6 billion reserve".
Once Kansas gets rid of their republican Governor, perhaps they can do the same.
http://www.lao.ca.gov/reports/2013/bud/fiscal-outlook/fiscal-outlook-112013.pdf
"The Budget Outlook
Under Current Policies, $5.6 Billion Projected Reserve at End of 2014-15. The states 2013-14
budget plan assumed a year-end reserve of $1.1 billion. Our revenue forecast now anticipates
$6.4 billion in higher revenues for 2012-13 and 2013-14 combined. These higher revenues are
offset by $5 billion in increased expenditures, almost entirely due to greater required spending
for schools and community colleges. Combined with a projected $3.2 billion operating surplus
for the state in 2014-15, these factors lead us to project that, absent any changes to current laws
and policies, the state would end 2014-15 with a $5.6 billion reserve".
usnpilot wrote:
If you google states with the worst deficits you will find California number one with a $617 billion deficit, more than twice number two which is New York.
Jul 18, 2014 09:41:08 #
So if we tax everyone and everything at 100% all will be well. Makes sense to me.
Jul 18, 2014 09:41:41 #
nakkh wrote:
Bazbo is correct. Now that the republicans are go... (show quote)
They are still $617 billion in debt but glad to see things are improving. In 50-60 years you may be out of debt.
Jul 18, 2014 09:46:03 #
Gotta start somewhere. ;-)
usnpilot wrote:
They are still $617 billion in debt but glad to see things are improving. In 50-60 years you may be out of debt.
Jul 18, 2014 09:56:06 #
dljen wrote:
...and now it will probably take years to get them out of debt with a Democratic governor. This man shouldn't be elected to dogcatcher.
LOL... Kansas is one state that is struggling, so I guess that this disproves that republican governors know how to handle the economies of their states.... I guess that we should all focus on Kansas and pay no attention to what is happening in Texas, Ohio, North Dakota, Tennessee, Utah, Indiana, and others.
You guys are funny, years to get out of debt.... how's Illinois doing these days?
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