Proving yet again that the facts dont matter to conservatives. Those who let this happen deserve what they get too. Sam Brownback, the governor, proposed the legislation — in percentage terms, the largest tax cut in one year any state has ever enacted... But Kansas isn’t booming — in fact, its economy is lagging both neighboring states and America as a whole. Meanwhile, the state’s budget has plunged deep into deficit, provoking a Moody’s downgrade of its debt. There’s an important lesson here — but it’s not what you think. Yes, the Kansas debacle shows that tax cuts don’t have magical powers, but we already knew that. The real lesson from Kansas is the enduring power of bad ideas, as long as those ideas serve the interests of the right people. nytimes/2014/06/30/opinion/paul-krugman-charlatans-cranks-and-kansas.html?partner=rssnyt&emc=rss
Posted on: Thu, 03 Jul 2014 05:28:59 +0000
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