Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Basically MN did everything opposite of states like WI, IL, and KS who've followed the trickle down plans to a T for years. MN now is the 5th fastest growing economy, it's $2.6 Bn deficit is now a $1 bn surplus, and its residents' confidence in the local economy is #1 out of the entire country.
So what happened to the GOP narrative in this case? The former GOP governor left a massive budget deficit that took a DEMOCRAT to fix. Here are some of the numbers from WI, IL, and KS who did the opposite:
Average weekly private-sector earnings: Kansas, $784 (+2.3 percent over the past year); Wisconsin, $795 (+0.1 percent); Minnesota, $891 (+1.5 percent); Illinois, $893 (+1.6 percent); national average growth, 2.3 percent.
Annual GDP growth: Kansas, 1.9 percent; Wisconsin, 1.7 percent; Minnesota, 2.8 percent; Illinois, 0.9 percent; national average, 1.8 percent.
That's a boatload of winning by doing exactly opposite of what the GOP always tries to prescribe.
I am sure that $784/weekly average private-sector wage in Kansas goes far further than $891 in Minnesota.
An extra $5,000 a year over Kansas but after taxes that ends up being around $3,000 more yearly when I calculated it with the taxes.
Minnesota has borderline high income and property taxes. Kansas has relatively low income taxes and rock-bottom property taxes.
It's not secret that Minnesota is expensive with high taxes because of it's liberalism. For a liberal state, it does seem like Minnesota is well operated.
At least Minnesota they get high-quality public services for the insanely high taxes the liberals impose on the public. At least while they are taxing away, they are at least giving the public something for it's tax dollar.
Not only that Kansas has much, much lower housing costs, property taxes and utilities lower from much warmer winters.
After all is set in done, Kansas comes out far ahead of Minnesota when adjusted for cost of living. It is no secret, Minnesota because of it's liberalism has a very high cost of living so money does not go far there at all.
I really don't see much of a difference between a 3.7 percent and 4.2 percent unemployment rate. That is half a percentage point difference.
The difference with state GDP growth is also less than one percent.
I am sure that $784/weekly average private-sector wage in Kansas goes far further than $891 in Minnesota.
An extra $5,000 a year over Kansas but after taxes that ends up being around $3,000 more yearly when I calculated it with the taxes.
It's not secret that Minnesota is expensive with high taxes because of it's liberalism. For a liberal state, it does seem like Minnesota is well operated.
At least Minnesota they get high-quality public services for the insanely high taxes the liberals impose on the public. At least while they are taxing away, they are at least giving the public something for it's tax dollar.
Not only that Kansas has much, much lower housing costs, property taxes and utilities lower from much warmer winters.
After all is set in done, Kansas comes out far ahead of Minnesota when adjusted for cost of living. It is no secret, Minnesota because of it's liberalism has a very high cost of living so money does not go far there at all.
I really don't see much of a difference between a 3.7 percent and 4.2 percent unemployment rate. That is half a percentage point difference.
The difference with state GDP growth is also less than one percent.
First, this post is from nearly a year ago that was dug up. Secondly, trying to defend KS is a really, really bad proposition. KS is literally bankrupt and had to do the opposite of what Brownback did and had to raise taxes because Brownback's policies sent KS into a fiscal death spiral. KS was literally sued and lost in supreme court because they cut funding so much for education it was illegal. Gee, wonder why housing in KS costs much less when their schooling system sucks because they've defunded it so much that it is now illegal. Meanwhile, MN has one of the best education systems in the country. Now where would you pick to live if you had a family and wanted the best education for your child?
And now all of the sudden a difference between 3.7% and 4.2% and smaller, but noticeable differences in GDP doesn't mean much when it is a blue state winning huh?
So much winning for a blue state that did and still does exactly the opposite of trickle down, GOP economics.
I am sure that $784/weekly average private-sector wage in Kansas goes far further than $891 in Minnesota.
An extra $5,000 a year over Kansas but after taxes that ends up being around $3,000 more yearly when I calculated it with the taxes.
It's not secret that Minnesota is expensive with high taxes because of it's liberalism. For a liberal state, it does seem like Minnesota is well operated.
At least Minnesota they get high-quality public services for the insanely high taxes the liberals impose on the public. At least while they are taxing away, they are at least giving the public something for it's tax dollar.
Not only that Kansas has much, much lower housing costs, property taxes and utilities lower from much warmer winters.
After all is set in done, Kansas comes out far ahead of Minnesota when adjusted for cost of living. It is no secret, Minnesota because of it's liberalism has a very high cost of living so money does not go far there at all.
I really don't see much of a difference between a 3.7 percent and 4.2 percent unemployment rate. That is half a percentage point difference.
The difference with state GDP growth is also less than one percent.
Trkggered! You can't accept a Republican run state like Kansas is failing under their terrible tax policies while Minnesota is a raving liberal success.
First, this post is from nearly a year ago that was dug up. Secondly, trying to defend KS is a really, really bad proposition. KS is literally bankrupt and had to do the opposite of what Brownback did and had to raise taxes. KS was literally sued and lost in supreme court because they cut funding so much for education it was illegal.
Now all of the sudden a difference between 3.7% and 4.2% and smaller, but noticeable differences in GDP doesn't mean much when it is a blue state winning huh?
Looks like Kansas beat revenue projections by 83 million last month, while Minnesota is claiming to have big budget deficits.
Minnesota should consider spending less, amazing how they go from big surpluses to big deficits in such a short time but that's what happens often in blue states.
I am curious how is Kansas literally bankrupt? I have not heard anything about a bankruptcy. Looks like state revenues are exceeding projections month after month plus as an oil producing state it will benefit from higher energy prices.
I am sure many liberals would love for Kansas to go bankrupt but Kansas likely is one of the most solvent states in the nation. These ultra-conservative states that voted in President Trump by huge margins will be in great economic with low taxes and fantastic services for many decades to come as opposed to many liberal blue states that all it will take is a small recession to send the budgets plummeting
Looks like Kansas budget is doing much better than Minnesota despite much lower taxes in Kansas.
I think it is funny how liberals file lawsuits when they feel like taxes going towards the education system just aren't enough.
The voters of Kansas voted for a legislature and governor that wanted a certain level of education for taxation and the liberal big-spenders were not satisfied with the funding revenue, so they file lawsuits in the courts.
Minnesota is doing fine, but not a top 10 financial success state. These are better.
1 Washington
2 California
3 Utah
4 Massachusetts
5 District of Columbia
6 Colorado
7 Oregon
8 New Hampshire
9 Maryland
10 Delaware
11 Idaho
12 Michigan
13 Virginia
14 Arizona
15 North Carolina
16 Connecticut
Of GOP conversatives do not like using understand that correlation then please show us a conservative state that's using trickle down economy that's actually is improving! Oh haven't more gun rights doesn't count.
Looks like Kansas budget is doing much better than Minnesota despite much lower taxes in Kansas.
I think it is funny how liberals file lawsuits when they feel like taxes going towards the education system just aren't enough.
The voters of Kansas voted for a legislature and governor that wanted a certain level of education for taxation and the liberal big-spenders were not satisfied with the funding revenue, so they file lawsuits in the courts.
MN projected budget deficit is less than 1% of its entire $46 billion dollar state budget (and it has a lot to do, if you even read your own link, with the expectation that the US economy overall is going to slow and unknowns of how the federal government is going to run fiscal policy - basically a conservative projection that's changed due to increased risk). That's exactly why you run up budget surpluses for 4 years straight to save up a $1.6 bn rainy day fund with another $350 million in cash-flow accounts. The economy always ebbs and flows. You've also failed to mention that in 2017 KS budget deficit was over $320 million relative to a total ~$16 bn total state budget.
It might also even get worse for KS through 2019 because even though they beat revenues for Dec. '17, they're looking at nearly a $1.1 bn deficit by 2019:
KS' rural areas are also losing population at an unprecedented rate. No wonder housing is cheap when you have vast swaths of areas where people clearly don't want to live or there aren't enough jobs.
And what are you droning on about 'liberal' this and that and filing law suits? You literally have the supreme court saying KS' educational policies are unconstitutional. It's hilarious how some conservatives are so out of touch with reality that they think their views should trump the rulings of the supreme court. Sorry, it's the law of the land.
Last edited by fibonacci; 01-08-2018 at 09:08 PM..
We’ve never had a deficit, I have no idea where you’re coming up with that. Liberal politics have nothing to do with any progress we enjoy in MN. 3M, Cargill, General Mills, Target Corp, Pillsbury...all companies built by conservative Republicans years and years ago. And the best agriculture in the nation. Not even liberals can ********** up.
MINIMUM WAGE: Yes, raising the minimum wage would increase average wages by a very tiny amount. But it also means employers will try even harder to reduce their number of employees they have, to force the employees they have to work harder/longer hours (to avoid adding new employees), and to automate as much as possible to minimize the number of employees needed. Any economic analysis needs to look at all the effects of the change, to see if it really is good overall.
Minimum wage increases are usually a Plan B response to The Rent Is Too High.
The rent is too high usually because government has crippled the private sector's ability to build an adequate supply of housing affordable to minimum wage earners; through regulation, hassle, and cost.
Government does this because homeowners don't want more housing - or more affordable housing - in their neighborhoods, and come out of the woodwork to block new development proposals.
Since building an adequate supply of affordable housing is politically unacceptable, increasing minimum wage becomes the next best thing to mitigate the economic harm to adults living on minimum wage.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
