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Curious as to board’s opinion on KS austerity...
Posted on 12/20/17 at 8:21 am
Posted on 12/20/17 at 8:21 am
I’ve no major bone to pick with the tax bill, although I think it is a complete swamp lobby bonanza. I don’t operate under the belief that hard-earned money is the government’s to begin with.
That being said, what is your opinion of the disaster that is/was Kansas’s austerity plan? Would someone with a lick of economic sense explain to me why Brownback’s governance, which seems to be a pure expression of a lot of the conservative principles this board supports, was such an abject failure?
That being said, what is your opinion of the disaster that is/was Kansas’s austerity plan? Would someone with a lick of economic sense explain to me why Brownback’s governance, which seems to be a pure expression of a lot of the conservative principles this board supports, was such an abject failure?
16
Posted on 12/20/17 at 8:41 am to SleauxPlay
quote:
That being said, what is your opinion of the disaster that is/was Kansas’s austerity plan?
Austerity didn't cause the disaster - economic headwinds did.
Posted on 12/20/17 at 8:46 am to SleauxPlay
quote:
I’ve no major bone to pick with the tax bill, although I think it is a complete swamp lobby bonanza.
Posted on 12/20/17 at 8:48 am to SleauxPlay
quote:
I’ve no major bone to pick with the tax bill, although I think it is a complete swamp lobby bonanza
Wtf
Posted on 12/20/17 at 8:48 am to SleauxPlay
Passive melt
Posted on 12/20/17 at 8:50 am to SleauxPlay
* this space saved for excellent reply after my Tax Reform Orgasm has been completed. Currently, eyes rolled back in my head so I cannot type *
Posted on 12/20/17 at 8:51 am to SleauxPlay
got to actually cut spending
it should really be the first priority over cutting taxes because starve the beast doesn't work in the long run
it should really be the first priority over cutting taxes because starve the beast doesn't work in the long run
Posted on 12/20/17 at 8:51 am to SleauxPlay
quote:
Curious as to board’s opinion on KS austerity
Well. For starters.
The liberals who saw the tax cuts for the horrible policy they were still kept the money.
If only they'd used their extra $$ to help the people they felt would be harmed.
Alas. That didn't happen.
Posted on 12/20/17 at 8:53 am to RidiculousHype
quote:
Austerity didn't cause the disaster - economic headwinds did.
If that's the case, why did those headwinds affect Kansas disproportionately compared to adjacent states? Nebraska has a similar economy and demographics but isn't mired in an existential budget crisis.
Posted on 12/20/17 at 9:02 am to SleauxPlay
quote:
That being said, what is your opinion of the disaster that is/was Kansas’s austerity plan? Would someone with a lick of economic sense explain to me why Brownback’s governance, which seems to be a pure expression of a lot of the conservative principles this board supports, was such an abject failure?
Because trickle-down economics, has been and still is a bunch of nonsense. And if there is a point in which the assumptions of increased revenue through tax cuts based off the laffer curve can hold true, the US and states are on the wrong side of it.
Brownback sold his state on the premise that cutting taxes, especially on the wealthy and business would lead to an ushering in of an era of high growth, and the growth would more than pay for itself in terms of revenue and shared economic prosperity. It did not. Growth lagged its neighbors and the hole it created in the deficit has required emergency actions.
Posted on 12/20/17 at 9:04 am to bonhoeffer45
comparison of KS & neighbors' annual state GDP, last decade. KS is the fat red line:
Posted on 12/20/17 at 9:06 am to Jim Rockford
Don't know Nebraska budget numbers but their job creation was better despite a smaller labor force. Brownback's popularity went into the tank after this (a bit like Jindal's fiasco).
Forbes
quote:
Overall growth and job creation in Kansas underperformed both the national economy and neighboring states. From January, 2014 (after both tax cuts passed) to April, 2017, Kansas gained only 28,000 net new non-farm jobs. By contrast, Nebraska, an economically similar state with a much smaller labor force, saw a net increase of 35,000 jobs.
While overall employment barely increased and economic activity was lower than other states, Kansas saw a significant increase in the number of individuals with business income. The likely reason: That zero tax rate on pass-throughs. The tax cuts did produce one explosion, however. The state’s budget deficit was expected to hit $280 million this year, despite major spending reductions.
Forbes
This post was edited on 12/20/17 at 9:08 am
Posted on 12/20/17 at 9:15 am to 90proofprofessional
quote:
got to actually cut spending
it should really be the first priority over cutting taxes because starve the beast doesn't work in the long run
They did cut spending, a lot in fact.
But that is separate from the argument Brownback and other Republicans repeatedly make to justify these type of tax policies. Which is that they will replace or actually improve revenue through an adrenaline shot of incredibly high growth. Which as we have seen in Kansas, failed on every point.
But if the idea is that when you combine spending cuts, that is somehow the magic that grows revenue, there is no real evidence of that either. In fact, depending on the cuts, your cuts are gonna be fighting any of the growth potential in your tax cuts. Just from basic cause and effect.
This post was edited on 12/20/17 at 9:17 am
Posted on 12/20/17 at 9:23 am to bonhoeffer45
quote:
They did cut spending, a lot in fact.
That a very different story than the data appear to tell.
Total expenditures, pulled from kansas.gov :
2011 $25,967,946,724.89
2012 $26,438,228,264.19
2013 $26,336,404,096.12
2014 $26,626,277,760.34
2015 $28,932,650,810.51
2016 $30,640,682,256.73
2017 $28,568,688,397.76
Posted on 12/20/17 at 10:41 am to ShortyRob
quote:
Well. For starters.
The liberals who saw the tax cuts for the horrible policy they were still kept the money.
If only they'd used their extra $$ to help the people they felt would be harmed.
Alas. That didn't happen.
Get tf outta here with this garbage.
Posted on 12/20/17 at 10:52 am to SleauxPlay
quote:
Get tf outta here with this garbage.
Why?
Were there no liberals opposed to the tax cut?
What did they do with the tax cut?
Oh, wait. You mean to tell me they didn't put their money where their mouth's were?
You leftists do realize that the government isn't the only way you can impact your communities, right?
Posted on 12/20/17 at 10:58 am to ShortyRob
quote:
Why? Were there no liberals opposed to the tax cut? What did they do with the tax cut? Oh, wait. You mean to tell me they didn't put their money where their mouth's were? You leftists do realize that the government isn't the only way you can impact your communities, right?
I have seen the same argument used against conservatives who are against social security and medicare but keep drawing their monthly checks.
Posted on 12/20/17 at 11:01 am to Jim Rockford
quote:
I have seen the same argument used against conservatives who are against social security and medicare but keep drawing their monthly checks.
And neither is an actual argument. Both are attempts to avoid actually discussing the issue.
Posted on 12/20/17 at 11:02 am to Jim Rockford
quote:
I have seen the same argument used against conservatives who are against social security and medicare but keep drawing their monthly checks.
Well yes. Taxation is exactly the same as getting a return on a prior agreement. No difference at all!!! LOL
Sheesh the liberal mind is a thing to behold.
But hey. Let's roll with it.
Liberals are the ones who claim that they are soooooooooooo much more caring.
We conservatives are supposed to be the self absorbed ones according to you.
Why do liberals then act in the manner the claim to abhor?
This post was edited on 12/20/17 at 11:04 am
Posted on 12/20/17 at 11:04 am to Jim Rockford
quote:
I have seen the same argument used against conservatives who are against social security and medicare but keep drawing their monthly checks
it's a trash argument in either case
take me, who thinks the tax cut is a bad idea unless preceded by spending cuts being put into the law
for me the tax cut has an upside and a downside. the upside being i hate paying taxes and will pay less. the downside being i don't want the additional deficit impact.
voluntarily giving up my tax savings gets me the bad of paying taxes without even getting the good of avoiding the bigger deficit. it would be irrational to do it. calling this position hypocritical is pure cynical trash
This post was edited on 12/20/17 at 11:06 am
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