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  1. #1
    Taking A Stand!!!

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    Default Sam Brownback’s failed ‘experiment’ puts state on path to penury

    Again, this common Republican tendency I was discussing in the Scott Walker thread.

    Now, as the damaging social and budgetary impacts of his slash-and-burn fiscal measures have become apparent, Mr. Brownback, a conservative Republican seeking reelection this fall in a state where every statewide elected official is also a Republican, is in the disorienting position of trailing his Democratic challenger in the polls.

    Mr. Brownback’s Kansas trial is rapidly becoming a cautionary tale for conservative governors elsewhere who have blithely peddled the theology of tax cuts as a painless panacea for sluggish growth. Most key indicators suggest that job creation and economic growth in Kansas are lagging those of its neighbors.

    Sam Brownback

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  3. #2
    Obscurity has no heroes.

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    Default Re: Sam Brownback’s failed ‘experiment’ puts state on path to penury

    Quote Originally Posted by ABFwife View Post
    Again, this common Republican tendency I was discussing in the Scott Walker thread.
    Looks like Kansans are the ones getting screwed out there on Brownback Mountain...

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  5. #3
    I Am Rocking Now

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    Default Re: Sam Brownback’s failed ‘experiment’ puts state on path to penury

    I see Brownback's "golden shower" failed and he needs some "revenue enhancements."
    Budget deficit looms for Sam Brownback, Kansas Legislature as 2015 session begins | The Wichita Eagle

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  7. #4
    I Am Rocking Now

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    Default Re: Sam Brownback’s failed ‘experiment’ puts state on path to penury

    Quote Originally Posted by RedRollingRoadblock View Post
    I see Brownback's "golden shower" failed and he needs some "revenue enhancements."
    Budget deficit looms for Sam Brownback, Kansas Legislature as 2015 session begins | The Wichita Eagle
    I always admire great literature,well stated my friend.With that being said,I wonder who's taxes he'll raise.I KNOW,after he raises taxes he'll call them FEES and BLAME OBAMA. That's it,OBAMA'S FAULT.Kansas was going to be THEIR shining example.All Republican eyes on Kansas-says Fox News.Cut taxes-cut services-let the Free Market Rule.Business will flock to Kansas.BOOM-DOES NOT WORK,Why? That's easy,OBAMA'S FAULT.

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  9. #5
    Retired !

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    Default Re: Sam Brownback’s failed ‘experiment’ puts state on path to penury

    Tax cuts to education. Again we see the republican plan in action to only have the wealthy educated while leaving the common people uneducated. Less informed people are easier to manipulate and force feed them the propaganda.

    Republican Gov. Sam Brownback said Thursday he would cut spending on Kansas' public schools and universities and GOP legislators approved a plan to shift around money to plug a budget hole as the state scrambled to cope with a revenue shortfall following aggressive tax cuts.

    The spending cuts announced by Brownback and a budget-balancing bill approved by the Republican-controlled Legislature would erase a $344 million deficit projected for June 30, against spending of about $6.3 billion.
    Some Republicans have backed away from using Kansas as a tax-cutting example now that the state faces a fiscal crisis.
    The governor has blamed a wide range of budget and revenue surprises for the state's financial problems, rather than the tax-cutting he championed."There is a war going on against public education."
    Kansas moves to close budget shortfall following tax cuts

  10. #6
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    Default Re: Sam Brownback’s failed ‘experiment’ puts state on path to penury

    Looks like Louisiana's the next state with the same problem as Kansas. Cut taxes for the wealthy



    Year after year, Louisiana didn't have enough money to cover its expenses, yet Gov. Bobby Jindal refused to roll back income tax cuts or ever-increasing corporate tax breaks. Instead, he raided reserve funds and sold off state property.

    Jindal suggested job growth from his economic development wins would replenish those assets once the recession ended. It hasn't — and money from the lucrative oil industry has taken a nose dive with crude prices. Now, the Republican is running out of short-term patches and is struggling to plug a $1.6 billion budget hole just as he tries to build support for a possible 2016 presidential run.
    Funding for higher education and health care services will almost certainly be subject to cuts deeper than what they already have endured in recent years, and Jindal's successor will have to repay a string of debts and IOUs.
    I think this says it all.

    "Our budget has been full of sleights of hand — it's almost a Ponzi scheme of moving moneys around, one-time money around, to serve recurring needs," Lt. Gov. Jay Dardenne.
    Seems the republicans all have the same answer, hand off the problem the next guy.

    Jindal to leave Louisiana's next governor with budget mess

  11. #7
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    Default Re: Sam Brownback’s failed ‘experiment’ puts state on path to penury

    Gambling with pensions ? This is something that those who are affected by this proposal should have a voice in.
    Risky bonds, Wall Street and the markets can bring devastation to the people that need those pensions.


    The state of Kansas, in an effort to reduce the annual payments its cash-strapped treasury must make into the state employee pension fund each year, is turning to a risky bond market bet — one that has paid off for the state in the past, but that was also used by the cities of Detroit, and Stockton, California, before they were forced to declare bankruptcy.

    The Kansas Public Employees Retirement System is currently funded at less than 60 percent of the level necessary to pay full benefits to current and future retirees. The state has been working to bring the fund to the 80 percent level by the middle of the next decade, but tax cuts pushed through the legislature by Gov. Sam Brownback have left the state chronically short of revenue, making those pension payments more of a burden than they used to be.
    Brownback is pressing the state legislature to approve the issuance of between $1 billion and $1.5 billion in so-called “pension obligation bonds.” The revenue from the bond offering would be immediately invested in the state pension fund, boosting both its bottom line and its capacity to produce investment returns.
    The catch, of course, is that this is essentially a bet. Kansas taxpayers, and possibly its retirees, would lose big if the spread between the interest rate on the bonds and the pension fund’s investment returns isn’t wide enough or goes negative.
    However, investment professionals tend to look askance at pension obligation bonds, both because of the risk they represent and because they have historically been used primarily by states and municipalities under significant financial strain, suggesting further trouble ahead.
    http://finance.yahoo.com/news/kansas...182400687.html

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  13. #8
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    Default Re: Sam Brownback’s failed ‘experiment’ puts state on path to penury

    Looks like the states that cut taxes all have one thing in common ... it's a game called kick the can down the road.

    Wisconsin Governor Scott Walker, facing a $283 million deficit that needs to be closed by the end of June, will skip more than $100 million in debt payments to balance the books thrown into disarray by his tax cuts.
    “They need some cash,” said Todd Berry, president of the Wisconsin Taxpayers Alliance, a nonpartisan research group that examines taxes and government spending. “This is kicking the can down the road.”
    Walker’s plan would increase debt-service bills by $545,000 in the next budget year, which starts July 1, and by $18.7 million in the one after that.
    Wisconsin to Skip Debt Payments to Make Up for Walker

  14. #9
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    Default Re: Sam Brownback’s failed ‘experiment’ puts state on path to penury

    As republican controlled Kansas sinks further into the economic hole they created, it proves tax cuts won't bring the needed revenue to run any state.

    Kansas lawmakers in June approved the largest revenue increase in state history thinking they'd closed a $400 million hole created by income-tax cuts Republican Governor Sam Brownback pushed through three years earlier. They hadn't.

    The state took in $66 million less than expected in the three months ending Sept. 30, and the turmoil is expected to worsen next week when a panel of economists issues its annual projections. They are likely to confirm the need for the Republican-controlled legislature to adjust the budget again because promised benefits from the decrease in taxes still haven't materialized.

    "The income-tax cuts passed in 2012 and '13 were way too steep and way too quick," said State Sen. Jeff Longbine, a Republican from Emporia. "The revenue continues to decline and we have to do something."
    So, raise taxes on the average man. Steal highway trust funds and they are still don't have enough.

    Less than four months ago, the legislature raised the sales tax to 6.5 percent from 6.15 percent, and boosted the cigarette levy by 50 cents a pack. Lawmakers eliminated most income-tax deductions and halved property-tax and mortgage-interest deductions. They enacted a six-week tax amnesty program, allowing laggards to pay without penalties, anticipating it would generate $30 million.

    The effort included cuts to education and borrowing to make required pension payments. From 2013 through the 2016 fiscal years, more than $400 million was siphoned from the highway fund, which is used for road construction and maintenance.
    Brownback, who won re-election last November, is paying a price. Three-fifths of Kansans surveyed said his income-tax cuts have been "a failure" or "a tremendous failure," according to the Docking Institute of Public Affairs at Fort Hays State University.
    In other words, just another failed republican fiscal policy.

    Kansas tax patches fail as tea-party experiment riles residents - Chicago Tribune

  15. #10
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    Default Re: Sam Brownback’s failed ‘experiment’ puts state on path to penury

    Kansas gets "F" grade in 2015 State Integrity Investigation.
    No surprise there, as many of the states controlled by the republicans are failing in the integrity department.

    "I have seen a change in Kansas state government, with less transparency and little willingness of the legislature to restrain the governor or even question the actions of state agencies," said Ward, a Democrat whose party is far outnumbered by Republicans in the state Capitol.

    But if lawmakers are partly to blame, Gov. Sam Brownback is the primary cause, Ward said.
    The Wichita Eagle reported that the state's budget director had used a private email account to communicate with lobbyists about the proposed state budget. Brownback later acknowledged that he had been using a private cell phone and email account to conduct public business since his days as a U.S. senator.
    Several of Brownback’s political allies have landed state jobs or contracts.
    Three former aides to Brownback, including his former chief of staff, set up a lobbying firm that worked on behalf of insurance companies involved in the privatization of Kansas' Medicaid system.
    Kansas gets F grade in 2015 State Integrity Investigation

    As I read this story, I could feel how much all the citizens of this country are being manipulated and lied too. Read the story, then read how well your state is doing in the second link.
    New Jersey only gets a "D".
    What I thought was even more interesting was the 11 states that flunked, with an "F" grade.
    Eight ( 8 ) of the 11 states are republican controlled. Two of the other 3 states just elected a democrat this year, Pennsylvania and Oregon.
    Doesn't say a lot about how these republican controlled states run their government.
    State Integrity 2015 | Center for Public Integrity

 

 
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