Brownback is bad news for Kansas

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Ouch. Headline news shows Kansas is hurting.

You don’t have to look far for news reports on the devastating toll Gov. Sam Brownback’s “experiment” is taking on Kansas and Kansans. Just last week, brought headlines about…

  • ŸReports that the FBI is investigating Brownback insiders over allegations of influence peddling.
  • ŸState revenues taking a plunge because of Brownback’s misguided tax policy.
  • ŸThe downgrading of the state’s credit rating because of its economic troubles.
  • ŸContinuing disastrous consequences for the state economy.

Here’s a sampling of those reports from around the state.

The FBI probe

The Hutchinson News, May 1
Internal affairs: FBI looks into "influence peddling" in Topeka
“It doesn’t take an FBI agent to see the abusive power structure that has landed in Topeka under Gov. Sam Brownback. Any Kansan who has been paying attention can see what the FBI is reportedly searching to uncover.”
 
The Wichita Eagle, April 29
FBI probe raises questions
Brownback’s “political right-hand man and two other former employees are at the center of an FBI probe related to lobbying and KanCare, Brownback’s signature privatization of Medicaid in the state.”

Plunging state revenue

The Wichita Eagle, April 30
Kansas tax revenue off $92 million in April
“Tax revenue in April dropped 45 percent from a year ago, the Kansas Department of Revenue announced Wednesday.”
 
The Topeka Capital-Journal, April 30
Kansas tax revenue falls $92M below April estimate
“Legislators returned to Topeka on Wednesday to reports state revenue collections in April fell $92 million below the level forecast …”
 

Bond-rating service takes Kansas down a notch

The Kansas City Star, May 1
Moody’s downgrades Kansas’ credit rating, citing sluggish recovery and risky tax plan
Plummeting revenues, underfunded pensions and millions in court-ordered school spending led Moody’s Investors Service on Thursday to cut the state’s credit rating by a notch.”
 
The Kansas Health Institute, May 1
Kansas bond rating downgraded after sharp dip in April revenues
Quotes Moody’s as saying “The downgrade reflects Kansas’ relatively sluggish recovery compared with its peers, the use of non-recurring measures to balance the budget, revenue reductions (resulting from tax cuts) which have not been fully offset by recurring spending cuts and an underfunded retirement system for which the state is not making actuarially required contributions.”
 

Consequences for the state economy

The Kansas City Star, May 3
Foolish tax cuts flushing Kansas and Sam Brownback down the drain
“… [W]ho’s really hurt the most by the downgrade and the revenue shortfall? The people of Kansas.”
 
The Hutchinson News, May 2
A Kansas failure-tale
“Turns out it wasn’t adrenaline the governor was pumping into the state’s vein, it was morphine.”
 
The Wichita Eagle blog, April 30
Kansas near bottom in new business development
“The 2013 Kauffman Index of Entrepreneurial Activity ranks Kansas 45th among the states and Washington, D.C., in new business development.”

Brownback is bad news for Kansas.

 

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