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deminks

(11,017 posts) Wed Aug 6, 2014, 12:30 PM Aug 2014

Brownback’s Tax Cuts Prompt S&P to Reduce Kansas’s Credit Rating

http://www.businessweek.com/news/2014-08-06/brownback-s-tax-cuts-prompt-s-and-p-to-reduce-kansas-s-credit-rating

Kansas’s credit rating was reduced by Standard & Poor’s, which cited the effects of income-tax cuts endorsed by Republican Governor Sam Brownback that weren’t matched by less spending.

The rating fell to AA, third-highest, from AA+ and the state’s appropriation-secured debt was dropped to AA- from AA, S&P said today. The outlook on both ratings is negative.

“The negative outlook reflects our belief that there will be additional budget pressure as income tax cuts scheduled in future years go into effect, or if midyear revenue shortfalls resume,” credit analyst David Hitchcock said.

Moody’s Investors Service earlier cut the state’s debt rating for similar reasons.

(snip)

Congrats on winning your primary, Governor Dearest.../sarcasm off.

8 replies

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Brownback’s Tax Cuts Prompt S&P to Reduce Kansas’s Credit Rating (Original Post) deminks Aug 2014 OP

AND THEY WILL ELECT HIM AGAIN!!!!!!!! TheMastersNemesis Aug 2014 #1

They well might! There seems to be some type of brain barrier in Kansas that most intelligent RKP5637 Aug 2014 #3

And, this is what he and his cohorts want to bring to ALL of America, he is RKP5637 Aug 2014 #2

Sounds treasonous to me, but no one ever seems to call them on it n/t BuelahWitch Aug 2014 #4

No, they really don't. They thump the bible and wave the flag and even though economically RKP5637 Aug 2014 #5

Bob Dole is touring Kansas hfojvt Aug 2014 #8

"What's the Matter with Kansas?," indeed. SMC22307 Aug 2014 #6

When morons have been elected long enough hifiguy Aug 2014 #7

TheMastersNemesis

(10,602 posts)

1. AND THEY WILL ELECT HIM AGAIN!!!!!!!!

Reply to deminks (Original post)

Wed Aug 6, 2014, 12:32 PM

Aug 2014

RKP5637

(67,112 posts)

3. They well might! There seems to be some type of brain barrier in Kansas that most intelligent

Reply to TheMastersNemesis (Reply #1)

Wed Aug 6, 2014, 12:49 PM

Aug 2014

thinking can not penetrate when it comes to voting.

RKP5637

(67,112 posts)

2. And, this is what he and his cohorts want to bring to ALL of America, he is

Reply to deminks (Original post)

Wed Aug 6, 2014, 12:47 PM

Aug 2014

very desirous of being President of the US. ... his Koch brother buddies and his strange religious affiliations.

BuelahWitch

(9,083 posts)

4. Sounds treasonous to me, but no one ever seems to call them on it n/t

Reply to RKP5637 (Reply #2)

Wed Aug 6, 2014, 12:50 PM

Aug 2014

RKP5637

(67,112 posts)

5. No, they really don't. They thump the bible and wave the flag and even though economically

Reply to BuelahWitch (Reply #4)

Wed Aug 6, 2014, 12:56 PM

Aug 2014

disadvantaged many will likely still vote for him over Davis. It is just so weird. I think some would walk in front of trucks or walk off a cliff if instructed so by TPTB in Kansas.

hfojvt

(37,573 posts)

8. Bob Dole is touring Kansas

Reply to RKP5637 (Reply #2)

Wed Aug 6, 2014, 01:22 PM

Aug 2014

came to my town and was asked about Presidential candidates for 2016. He mentioned Cruz. He mentioned Christie. He mentioned Walker. He made no mention of the native son.

SMC22307

(8,090 posts)

6. "What's the Matter with Kansas?," indeed.

Reply to deminks (Original post)

Wed Aug 6, 2014, 12:59 PM

Aug 2014

(I know The Swarm threw Frank under the bus because he dared criticized Obama, but the man knows his stuff.)

What other tax-slashing states will follow suit... Wisconsin, North Carolina?

hifiguy

(33,688 posts)

7. When morons have been elected long enough

Reply to deminks (Original post)

Wed Aug 6, 2014, 01:11 PM

Aug 2014

it will come to the last sensible person leaving Kansas can just turn out the lights.

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