Name:   MartiniMan - Subject:   Huh?!?!? Date:   7/15/2014 2:48:15 PM

I think I pointed out that the budget has risen by $1B over three years resulting in the deficit.  From the Moody's downgrade report:  ""The downgrade reflects Kansas' relatively sluggish recovery compared with its peers," said Moody's press release. The rating agency cited "revenue reductions (resulting from tax cuts) which have not been fully offset by recurring spending cuts" among the causes and noted that the phasing-in of new tax cuts "will continue to exert pressure on the budget."  Note the language that the tax cuts were not fully offset by spending cuts.  In fact, spending went up.  And do please note that the tax cuts occurred in 2013

But here is the crux of this GF.....and pay attention as you might learn something.  Tax cuts have an immediate negative impact on revenue but the positive impacts of leaving more money in the hands of the citizens and businesses in the state will take some time to occur.  That is the way it always works just like rasing taxes like Clinton did in 1997 didn't tank the economy until 1999 when Algore was running for POTUS but left the government with temporary surpluses (better known as over taxation).  And the economy didn't recover right away when W lowered taxes but took off afterward until Dems took control of Congress and the mortgage bubble burst.  Those are historical realities that I know are hard to accept when you adhere blindly to a failed ideology.