If you felt like all roads to Topeka were a bit more congested than normal yesterday, that’s because our Kansas lawmakers all made their way back to start the 2016 session.
There to greet them was an economic mess that continued from last year as Kansas continues to face a budget shortfall estimated to be $175 million in the next fiscal year.
Senate President Susan Wagle explained it this way –
“We are in this situation not because of what we’ve done here in Kansas. We’re in this situation because we are in an international recession,” Senate President Susan Wagle, R-Wichita, told a gathering of Senate Republicans on Sunday night. Read More Here
I consulted with international economic expert Dr. G. Oogle to see what I could find out about this international recession causing the Kansas budget crisis.
The evidence was clear. Certain markets MAY BE facing an international recession like China and Brazil, but the US isn’t one of them. From the Washington Post,
Still, many economists doubt that the emerging-market debacle will squash the U.S. recovery. “The U.S. consumer and the housing market are big driving forces,” says Behravesh. U.S. exports to emerging-market countries are only about 4 percent of the economy (gross domestic product). Any loss of exports can be overwhelmed by higher consumer spending, which is nearly 70 percent of GDP. And Behravesh thinks consumer spending will remain solid for many reasons: strong job growth (around 200,000 a month); low interest rates (households’ interest payments as a share of disposable income are the lowest since the mid-1980s); and low gasoline prices.
That leaves us with Wagle’s assessment of how we got to this mess in Kansas. I will plot this out on my bullshit meter. A 1 means that she is bullshit free and this quote is a true statement and a 10 means that she is completely full of shit.
So did an international recession cause Kansas to end up $175 million dollars in debt? I’ve plugged this quote into the meter.
One second while it calculates the results….
DING! DING! DING!
It’s a 10!!! This excuse is completely full of shit.
We are in this mess because of the Brownback tax cuts, not because of an international recession.
Nice try Senator Wagle