Kansas Shows What Happens If Far Right In Charge
By June of 2014, the results of Brownback’s economic reforms began to come in, and they weren’t pretty. During the first fiscal year that his plan was in operation, which ended in June, the tax cuts had produced a staggering loss in revenue—$687.9 million, or 10.84 percent. According to the nonpartisan Kansas Legislative Research Department, the state risks running deficits through fiscal year 2019. Moody’s downgraded the state’s credit rating from AA1 to AA2; Standard & Poor’s followed suit, which will increase the state’s borrowing costs and further enlarge its deficit.
Brownback had also promised that his tax cuts would vault Kansas ahead of its higher-taxed neighbors in job growth, but that, too, failed to happen. In Kansas, jobs increased by 1.1 percent over the last year, compared with 3.3 percent in neighboring Colorado and 1.5 percent in Missouri. From November to May, Kansas had actually lost jobs, and the labor participation rate was lower than when Brownback took office. The cuts did not necessarily slow job growth, but they clearly did not accelerate it. And the effects of Brownback’s education cuts were also glaring—larger class sizes, rising fees for kindergarten, the elimination of arts programs, and laid-off janitors and librarians.
Brownback is now in trouble in one of the reddest states in the country. This result should be used when any candidate proposes draconian cuts in services and shrinking of government.
Copyright 2014 Liberaland
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AnthonyLook September 30th, 2014 at 22:48
Economic growth from the masses, the many millions— “Liberal Trickle Up” economics- trumps 1% repeated, recycled GOP trickled down and out failures.
AnthonyLook September 30th, 2014 at 22:48
Economic growth from the masses, the many millions— “Liberal Trickle Up” economics- trumps 1% repeated, recycled GOP trickled down and out failures.
R J October 1st, 2014 at 02:20
I blame the ignorant people that buy into the right wing thinking
R J October 1st, 2014 at 02:20
I blame the ignorant people that buy into the right wing thinking
eddie1247 October 9th, 2014 at 22:14
Congratulations to all the saps that bought into this crap.
eddie1247 October 9th, 2014 at 22:14
Congratulations to all the saps that bought into this crap.