‘Like taking a payday loan’: Kansas lawmakers rip Gov. Brownback’s shady new budget plan
Republican Kansas Gov. Sam Brownback’s “experiment” in supply-side economics has been a disaster for his state’s finances — and his latest proposal to keep the government funded is getting panned by lawmakers in both parties.
The goal of tapping into the investment fund, says Kansas Republican Senate Majority Leader Jim Dennin, is to “to get out of the crisis” the government is now facing “without having to do deep, deep cuts to K-12” education.
However, at least one member of Brownback’s own party is not ready to sign off on such a plan — and has even compared it to shady financial engineering.
“It looks to me like we’re taking a payday loan,” said Republican Sen. Carolyn McGinn. “We’re borrowing against ourselves again internally, and I think it’s just going to put us further away from where we need to get to.”
Democratic leader Anthony Hensley, meanwhile, said that tapping the fund was yet “another gimmick” that would do anything to fix the state’s long-term budget outlook.