someoneyouknow
Literotica Guru
- Joined
- Jun 5, 2006
- Posts
- 28,274
In another shining example of doing the same thing over and over and expecting different results, Republican-led Kansas embarked on a wild-assed attempt to show how cutting taxes will magically increase revenue.
As it stands now, Kansas will have no monetary reserve in the coming fiscal years, and both Moody's and Standard and Poor's have cut the bond rating for the state.
Even worse, what little budget surplus the state had was extinguished in the first few months of this grand experiment. But the governor has been putting up a good fight, trying every excuse imaginable to blame someone else for the budgetary woes including the old, "That's not what I said" when he's shown the transcripts of his own speeches and the infamous, "We just need a little more time" though it's been two years since the cuts were implemented and they're asking for two more years until things work themselves out.
As if to underscore how ridiculous this flailing attempt to prove tickle down works, Forbes, that bastion of "cut everything except corporate subsidies", is questioning the sanity of Kansas Republicans who, apparently because of previous cuts to education when the legislators were growing up, never learned basic math.
http://www.forbes.com/sites/beltway/2014/07/15/whats-the-matter-with-kansas-and-its-tax-cuts-it-cant-do-math/
However, in a piece of good news, the roads are still in decent shape.
http://www.kansascity.com/news/government-politics/article3729756.html
http://www.kansascity.com/news/government-politics/article673701.html
As it stands now, Kansas will have no monetary reserve in the coming fiscal years, and both Moody's and Standard and Poor's have cut the bond rating for the state.
Even worse, what little budget surplus the state had was extinguished in the first few months of this grand experiment. But the governor has been putting up a good fight, trying every excuse imaginable to blame someone else for the budgetary woes including the old, "That's not what I said" when he's shown the transcripts of his own speeches and the infamous, "We just need a little more time" though it's been two years since the cuts were implemented and they're asking for two more years until things work themselves out.
As if to underscore how ridiculous this flailing attempt to prove tickle down works, Forbes, that bastion of "cut everything except corporate subsidies", is questioning the sanity of Kansas Republicans who, apparently because of previous cuts to education when the legislators were growing up, never learned basic math.
http://www.forbes.com/sites/beltway/2014/07/15/whats-the-matter-with-kansas-and-its-tax-cuts-it-cant-do-math/
However, in a piece of good news, the roads are still in decent shape.
http://www.kansascity.com/news/government-politics/article3729756.html
http://www.kansascity.com/news/government-politics/article673701.html