Moody's downgraded Kansas credit rating and republicans are up in arms!

[Oldgamer]

So Moody's lists five different problems that all stem from a lack of revenue right after the state massively reduced its revenues and a conservative wants to find a way to ignore that. Who'da thunk it?

This is basic logic. When you massively reduce your revenues and then next year have a revenue problem, it's probably due to that.

I don't expect any of these goobers posting in this thread to admit here that this Governor screwed up his state big time by making these massive tax cuts to favor the wealthy, which now have caused all these problems for his state. Nope, common sense, and logic is not something that republicans seem to have these days.

 

[sandorski]

I don't expect any of these goobers posting in this thread to admit here that this Governor screwed up his state big time by making these massive tax cuts to favor the wealthy, which now have caused all these problems for his state. Nope, common sense, and logic is not something that republicans seem to have these days.

Did you mean: Jerb Craters?

 

[Oldgamer]

Did you mean: Jerb Craters?

LOL

Yea I will never understand how some people do not get, that taxes go to our public services, that in turn pay for our infrastructure that in turn go into jobs, that in turn create money flow into our economy, people just don't get it. They think and believe that if we cut taxes, that somehow jobs will be magically created, or that somehow those wonderful rich folk will "trickle" their money on down to us.

But this is a really good example right here of how it does not happen that way. Lets just murder Government, kill off all those jobs, and watch our economy sink. Yea, that will really help us...not.

 

[Fern]

So Moody's lists five different problems that all stem from a lack of revenue right after the state massively reduced its revenues and a conservative wants to find a way to ignore that. Who'da thunk it?

This is basic logic. When you massively reduce your revenues and then next year have a revenue problem, it's probably due to that.

I see lack of spending cuts and poor economy also listed as problems. Oddly you don't.

Fern

 

[Oldgamer]

I see lack of spending cuts and poor economy also listed as problems. Oddly you don't.

Fern

You really are a blind stubborn fool...

 

[trenchfoot]

The people at the bottom don't much in taxes so how are they getting hit first and worst? And why is it when a Democrat cuts taxes it's because he cares about the people but when a Republican does it it's all doom and gloom?

It's a matter of scale and percentages.

As for the second part of your post, for the most part and speaking in general terms, when was the last time the Repubs in Congress passed legislation that directly benefited only the middle class and the poor rather than what's in their ideological agenda and hard wired reflexes to cut taxes and grant gaping loopholes primarily for the rich while gratuitously offering only that fantasy inspired Reagan-oic trickle down "promise" for those "less privileged" than them?

Why is it that when given the choice, the Repubs in Congress would rather take things away from the veterans, the middle class, the poor, the immigrants, the elderly and the infirm rather than fighting vociferously for subsidies and other perks for the oil giants and big business in general as they are wont to do?

Why is it that the Repubs in Congress give much effort toward getting rid of regulations and regulatory agencies that would, if given the chance, give untold opportunities to big business toward dictating terms to the general populace when it should be the other way around?

And on and on and on....The pattern is unmistakable if you would only face up to it.

 

[Engineer]

I see lack of spending cuts and poor economy also listed as problems. Oddly you don't.

Fern

What started all of this mess wasn't spending cuts as there were few proposed. What was proposed was to lower the tax rates down, especially those at the top of the wealth chain and then make up for most of them by removing popular deductions and credits, many of them going to the non wealthy. When the backlash was too much, Kansas decided to lower the income tax anyway while keeping all of the deductions/credits in place. The projected deficit went from 100Billion to 800Billion instantly but the supply side faithful believed....as God was their witness....that Laffer would overcome and the economy would boom, with an increase in both business and people moving to the state. It's not like they didn't see this coming. I would tend to think they are looking at this as a win...why not, taxes were cut for the wealthy and they ran a deficit in the 700+Billion range instead of 800 billion as projected.

From the looks of it, now Kansas is going to HAVE to cut services to get to a balanced budget. Services that the state apparently, judging by the fallout, cannot afford to cut. Based on that, the original cuts were never meant to be offset by cuts.

 

[shira]

I see lack of spending cuts and poor economy also listed as problems. Oddly you don't.

Fern

Ha ha ha. Naturally, it's not possible that the poor economy and the need for spending cuts are a direct consequence of the tax cuts.

Confirmation bias much?

 

[fskimospy]

I see lack of spending cuts and poor economy also listed as problems. Oddly you don't.

Fern

Spending cuts that were required due to.... the huge tax cuts. It is pretty odd that you are having so much difficulty with this.

This is a fairly common tactic used by conservatives however, they choose to unilaterally cut taxes and when the state then has revenue problems they blame it on not cutting spending instead of just acknowledging the obvious consequences of their preferred policy. This is not nearly as sneaky as you think it is.

 

[Matt1970]

It's a matter of scale and percentages.

As for the second part of your post, for the most part and speaking in general terms, when was the last time the Repubs in Congress passed legislation that directly benefited only the middle class and the poor rather than what's in their ideological agenda and hard wired reflexes to cut taxes and grant gaping loopholes primarily for the rich while gratuitously offering only that fantasy inspired Reagan-oic trickle down "promise" for those "less privileged" than them?

Why is it that when given the choice, the Repubs in Congress would rather take things away from the veterans, the middle class, the poor, the immigrants, the elderly and the infirm rather than fighting vociferously for subsidies and other perks for the oil giants and big business in general as they are wont to do?

Why is it that the Repubs in Congress give much effort toward getting rid of regulations and regulatory agencies that would, if given the chance, give untold opportunities to big business toward dictating terms to the general populace when it should be the other way around?

And on and on and on....The pattern is unmistakable if you would only face up to it.

In case you missed the memo, we are $17 Trillion in the hole. Any time a cut is proposed it's always Republicans don't care about "veterans, the middle class, the poor, the immigrants, the elderly and the infirm". And yes, it is a matter of scale and percentages.

 

[Engineer]

In case you missed the memo, we are $17 Trillion in the hole. Any time a cut is proposed it's always Republicans don't care about "veterans, the middle class, the poor, the immigrants, the elderly and the infirm". And yes, it is a matter of scale and percentages.

From your table, the total taxes line up with total income (both %) within a percent or two.

 

[senseamp]

There are no budget problems in Kansas...

 

[dmcowen674]

Originally Posted by Fern
I see lack of spending cuts and poor economy also listed as problems. Oddly you don't.

Fern

Ha ha ha. Naturally, it's not possible that the poor economy and the need for spending cuts are a direct consequence of the tax cuts.

Confirmation bias much?

One thing that P&N clearly shows is how the Rich Republitards will never ever admit the failings of Trickle Down and Tax cuts.

 

[Zorba]

Just think after they cut the taxes, Boeing, who had been doing business in Wichita since the 1920s, closed it all down and moved it 3 hours down I-35 to OKC. Now they are planning on growing like crazy in Oklahoma, where our taxes haven't really changed in my whole adult life. The extra 1800 engineering jobs (so far) has been great for the OKC economy.

Thanks Kansas!

 

[Zorba]

One thing that P&N clearly shows is how the Rich Republitards will never ever admit the failings of Trickle Down and Tax cuts.

Regan said it worked, therefore it must! In the order of being right it goes Regan -> Ayn Rand -> Jesus

 

[Matt1970]

Regan said it worked, therefore it must! In the order of being right it goes Regan -> Ayn Rand -> Jesus

Stagflation was working so much better at the time too.

 

[Paratus]

There are no budget problems in Kansas...