Tuesday, March 15, 2016

Medicaid Expansion A Boon To Colorado's Economy

Who would have guessed that injecting billions of dollars would have any positive economic impact?

A new Colorado Health Foundation report says state expansion of the Medicaid program has created 31,074 new jobs and added $3.8 billion in economic activity.
The report concludes that "in the two years since implementation, expansion in the state has had a significant positive effect on the economy at no expense to the general fund" in the state budget.
Its findings:

• Medicaid expansion, largely funded by the federal government, is already affecting and will continue to affect the state economy positively.
• The number of jobs created by giving more people access to Medicaid will continue to grow. The report predicts a total of 43,018 jobs created in Colorado by the 2034 fiscal year.
• The state's economy is 1.14 percent larger because of Medicaid expansion. By fiscal year 2034, that will grow to 1.38 percent of the total economy, or an $8.5 billion increase.
• Average household earnings are $643 higher as a result of Medicaid expansion.
• The general fund will not incur any expenses associated with Medicaid expansion.

Unfortunately, one of the leading Republicans in the state senate is being a Gloomy Gus:

Kevin Lundberg, the Republican who chairs the state Senate Health and Human Services Committee, laughed at the notion that Medicaid expansion is not costing the state anything.

He said, "What we've been doing is pulling down federal debt dollars" to bring more money into the state. But, he said, the $9.9 billion being spent on Medicaid "has an immediate, direct impact on the state budget as well."
The federal government would pay 100% of the costs for a medicaid expansion for the first several years, so I'm not sure exactly what Lundberg's talking about.

Regardless, at the very least, this is yet another example proving conservatives wrong about government spending killing jobs.

Tuesday, March 8, 2016

NRSC Sends Out Tweet Saying Veteran Democratic Congresswoman Has a "Sad Record of Not Standing Up For Our Veterans"

This was posted on the National Republican Senatorial Committee official Twitter page:

For those that aren't aware, Tammy Duckworth lost both her legs and severely damaged her right arm while fighting in Iraq. Republicans praise and respect our troops, but only the kind who have an "R" next to their name.

The original tweet was deleted, so someone realized they done messed up, at least. But the fact that anyone thought it was a good idea to post such a thing shows you how these people are truly like.

Wednesday, March 2, 2016

BREAKING: Trickle-Down Economics Still Doesn't Work After 30 Years!

It's been six years since Kansas governor, Sam Brownback enacted his brilliant tax cuts on the job creators, which, as every devout disciple of supply-side economics would tell you, promised to overwhelm the treasury with new revenue on account of all the job creation that would result from said tax cuts. Unfortunately, it would seem that six years is still not enough time for the magic of trickle-down economics to take effect:

Kansas tax receipts fell $53 million short of estimates in February, and Gov. Sam Brownback on Tuesday immediately announced a $17 million cut to the state’s university system. 
The latest revenue results are a dramatic blow to recent moves by the Legislature to shore up the state budget. 
Individual income tax revenue last month was about $27 million below projections, and sales tax receipts missed estimates by about $12 million, according to the state’s Department of Revenue. Corporate income taxes were $7.7 million below estimates.

Brownback and his allies have tried to offer excuses for why revenues keep coming in under projections:

Brownback said the state’s budget problems reflect economic woes, not tax policy problems. He said he would focus on managing spending, not on raising taxes. 
“Our tax policy has been instrumental in creating more than 80,000 jobs since we took office and has resulted in a record number of Kansans working,” Brownback said in a written statement. “These numbers reflect a declining national and regional economy.”

The problem with this excuse (aside from the fact that I'm not sure what exactly he means by the national economy "declining") is that this recent report isn't some weird, isolated incident. Revenues have constantly come in under projections since Brownback signed his tax cuts into law.

This isn't surprising because tax cuts almost always result in LESS revenue, not MORE. Even the mighty Ronald Reagan, who, as we all know, provided us the greatest economic growth in the history of civilization, wasn't able to achieve increased revenues when he enacted his tax cuts in the 80s. If even if the mighty Ronaldus Magnus couldn't achieve such a feat, what makes Brownback - or any other lowly conservative politician for that matter - think he could succeed?

Read more here: http://www.kansascity.com/news/politics-government/article63347152.html#storylink=cpy


Well, that was a short lived New Year's resolution, wasn't it? Well, at least this case I have a somewhat legitimate excuse. My last trip to the dentist didn't turn out very well and now I have a rather large dental bill that needs to be paid that I wasn't in any way expecting. As I already had a super expensive surgery done last year, I was not happy to hear this. So yeah, it's hard to blog when you're stressed out of your mind. 

I'm feeling a bit better now, so hopefully I can resume with things.