Kansas Governor watch (early polling)

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Since we've taken two large steps into conjecture,  conversely if revenues came in $300 million ahead of projections in the first few months of next fiscal year we'd be looking at billions of dollars of surplus.

[CNS]

Would be pretty pissed if the state over taxed us to the tune of a Bill.  Seems like we should be shooting for even...

[Rage Against the McKee]

Would be pretty pissed if the state over taxed us to the tune of a Bill.  Seems like we should be shooting for even...

Yeah, I mean if they would just stop thinking that taxing people at 4% instead of 6% is going to create some super utopia of jobs and revenues and start making realistic predictions, they would spend less, not wreck our credit, and not necessitate tax hikes in the near future to pay off the oncoming debt.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Would be pretty pissed if the state over taxed us to the tune of a Bill.  Seems like we should be shooting for even...

Yeah, I mean if they would just stop thinking that taxing people at 4% instead of 6% is going to create some super utopia of jobs and revenues and start making realistic predictions, they would spend less, not wreck our credit, and not necessitate tax hikes in the near future to pay off the oncoming debt.

You must have been inflamed when Sebelius and Parkinson ran that $600 million deficit that drained the state's coffers and necessitated the sales tax hike.

I bet your blood boils over the thought that Kansas’s $217 million shortfall equals approximately 15 minutes of federal deficit spending.

You're both correct though, budgeting $14.6 billion is a cake walk. No reason not to hit projections down to the cent. Does it bother you that the State budgeted for a surplus, obviating your concerns of tax increases?

[Rage Against the McKee]

Would be pretty pissed if the state over taxed us to the tune of a Bill.  Seems like we should be shooting for even...

Yeah, I mean if they would just stop thinking that taxing people at 4% instead of 6% is going to create some super utopia of jobs and revenues and start making realistic predictions, they would spend less, not wreck our credit, and not necessitate tax hikes in the near future to pay off the oncoming debt.

You must have been inflamed when Sebelius and Parkinson ran that $600 million deficit that drained the state's coffers and necessitated the sales tax hike.

I bet your blood boils over the thought that Kansas’s $217 million shortfall equals approximately 15 minutes of federal deficit spending.

You're both correct though, budgeting $14.6 billion is a cake walk. No reason not to hit projections down to the cent. Does it bother you that the State budgeted for a surplus, obviating your concerns of tax increases?

We just missed the projection for 1 month by $217 million.

[CNS]

I am all for hitting them on the cent.  That sounds good.  Let's do that.   

[john "teach me how to" dougie]

Why are we worried about budgets, taxes, and stuff? Just spend whatever and don't worry about it 'cause someone will pay for it all later .

[Rage Against the McKee]

Why are we worried about budgets, taxes, and stuff? Just spend whatever and don't worry about it 'cause someone will pay for it all later .

Our credit isn't any better than KU's, so we aren't going to be able to borrow our way out of this.

[Kat Kid]

Why are we worried about budgets, taxes, and stuff? Just spend whatever and don't worry about it 'cause someone will pay for it all later .

Well we can't print our own money and we are legally required to balance our budget, so deficits are a bit more of an issue.

[john "teach me how to" dougie]

Why are we worried about budgets, taxes, and stuff? Just spend whatever and don't worry about it 'cause someone will pay for it all later .

Well we can't print our own money and we are legally required to balance our budget, so deficits are a bit more of an issue.

I know, it's just funny when liberals talk about fiscal responsibility. Totally tounge in cheek.

[Rage Against the McKee]

Why are we worried about budgets, taxes, and stuff? Just spend whatever and don't worry about it 'cause someone will pay for it all later .

Well we can't print our own money and we are legally required to balance our budget, so deficits are a bit more of an issue.

I know, it's just funny when liberals talk about fiscal responsibility. Totally tounge in cheek.

Well, the conservatives seem to be doing a fantastic job of balancing the Kansas budget.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Why are we worried about budgets, taxes, and stuff? Just spend whatever and don't worry about it 'cause someone will pay for it all later .

Well we can't print our own money and we are legally required to balance our budget, so deficits are a bit more of an issue.

Just because you can do something doesn't mean you should.

Last I checked the State budget is balanced with room to spare, so I'm not sure why the feigned concern. Meanwhile the federal government is boasting of the demand for the bonds it is forced to buy, and is so grossly mismanaged we have vets dying in line for a doctor and can't even pull off a medieval prisoner swap.

[star seed 7]

Money isn't really real today anyway 

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Money isn't really real today anyway 

This is sort of a variation of a Paulism.

Sadly, for fiat currency, if people stop giving it credibility it begins to no longer exist.

[SdK]

Juggalo currency!

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Juggalo currency!

Do tell!

[SdK]

Juggalo currency!

Do tell!

http://juggalocoin.org/

[CNS]

http://www.kansas.com/2014/06/06/3496739/economist-kansas-leaders-misrepresented.html

Analyst: Kansas leaders misrepresented research into cause of state tax revenue drop

Lucy Dadayan, a policy analyst with the Rockefeller Institute of Government, says the revenue department misrepresented her research about state tax revenue and that Kansas could be forced to make cuts in the near future.

“Kansas has been affected by this one-time 2013 tax year event. This is evidenced by a 47 percent drop in April and May payments attributed primarily to capital gains,” the Department of Revenue said in its release.

But the report tells a significantly different story for Kansas, one of six states to experience a double-digit percentage decline in personal income tax revenue.

“The large declines in Delaware, Kansas, and North Dakota are mostly attributable to the legislative changes that cut income tax rates as well as restructured tax brackets,” the report states.

[chuckjames]

http://www.kansas.com/2014/06/06/3496739/economist-kansas-leaders-misrepresented.html

Analyst: Kansas leaders misrepresented research into cause of state tax revenue drop

Lucy Dadayan, a policy analyst with the Rockefeller Institute of Government, says the revenue department misrepresented her research about state tax revenue and that Kansas could be forced to make cuts in the near future.

“Kansas has been affected by this one-time 2013 tax year event. This is evidenced by a 47 percent drop in April and May payments attributed primarily to capital gains,” the Department of Revenue said in its release.

But the report tells a significantly different story for Kansas, one of six states to experience a double-digit percentage decline in personal income tax revenue.

“The large declines in Delaware, Kansas, and North Dakota are mostly attributable to the legislative changes that cut income tax rates as well as restructured tax brackets,” the report states.

Has Supply Side Economics worked ever? It might work in a vacuum, But when you dont control the money supply its quite the gamble, since youre not able to swollow the deficits.

[CNS]

big budget cuts sound like a pretty good re-elect campaign, unless you are making such cuts because you flubbed the rev projection, that is.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Some earth shattering investigative journalism right there. Thanks for staying on top of the story CNS

[CNS]

Anything for The Pit. 

[Havs]

SCHOOLS! 

[steve dave]

http://www.vox.com/2014/7/8/5868717/sam-brownback-kansas-tax-cut

[K-S-U-Wildcats!]

I hope Davis runs on reversing Brownback's tax cuts. That should work well for him.