Sunday, October 5, 2014

The New Republic calls Kansas Republutopia a "conservative hell"

http://www.dailykos.com/story/2014/10/02/1333797/-The-New-Republic-calls-Kansas-Republutopia-a-conservative-hell
"How is Republutopia working out in Kansas? 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."