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State Deficit

How much should the government spend?

as_big_as_you_think

The Kansas House and Senate have passed a $13 billion state budget set to begin July 1. The budget makes some minor cuts to K-12 education and major cuts to other areas, but in the end signifies only a 6.8% decrease in general fund expenditures in comparison to 2009 spending levels.

While 6.8% sounds like a significant decrease, it’s just a drop in the bucket compared to previous spending sprees. And once again K-12 has only been dealt a 1% cut in funding even though it’s budget amounts to half state general fund expenditures.

But that number, $13 billion, that really got my attention. After multiple bailouts, billions and trillions just seem to mesh together in my mind and have become meaningless. It reminds me of the demonstrations done in high school to show just how far away Pluto was from the Sun or changing seconds into years to try and get a handle on millions/billions of years.

So, in order to understand just how much $13 billion is, I thought I’d break it down a bit.

First, $13 billion for the year means the state will spend just over $35.5 million every day. That’s just under $1.5 million every hour, or $24,734 every minute. Most frightening, that’s $412 every second of every day for an entire year.

$13 billion divided by nearly 3 million Kansans (2.776 million to be exact) means the state will spend $4,683 for each citizen. That’s $18,732 of spending for a family of four in one year. That means Kansas will spend $13 every day on each Kansan or $51 every day for a family of four. If you wanted to put money in a jar to pay your share, a family of four would have to add $2.12 every hour or about a quarter every seven minutes.

And that’s just state government. That doesn’t include money you’d have to give to local government.

Legislators made cuts in spending and they should be commended. But when put in perspective, the figures beg the question, “Does the government tax too little or spend too much?”

Would you make a $390 monthly payment for the services state government provides? Are you getting your money’s worth?

Wichita Tea Party a success

Bob Weeks of Wichita Liberty has coverage of yesterday’s protest in downtown. Below is just one of the video’s Bob put together of the protest. For more video’s, see his special section on his website, “Wichita Tea Party.

Americans for Prosperity Kansas is holding AFP Day at the Capital on Monday, March 9th. Events start at 9am and include a free continental breakfast and lunch, an informal presentation from lawmakers and a chance to meet legislators ending with a rally on the south lawn of the statehouse. A bus to and from the Capital is available for Wichita area residents. More information here or you can register for free here.

Hundreds brave cold to say, “No Moore Pork!”

Kansas Meadowlark has two posts up today (here and here) that you’ll want to take a look at.

While I wasn’t able to be at the rally in Overland Park today, I was with you in spirit! Meadowlark has a photo journal up about the rally.

There’s also a great piece on KDOT’s new claim that 10,000 jobs will be created with our state’s share of “spendulus.” In short, many states are simply taking the average yearly wages of a construction worker and dividing it into the total amount of money they get, leaving virtually nothing to pay for construction materials and other costs.

I’d further point to today’s Capital-Journal article, where $2.5 million will be spent to buy new buses for Topeka transit.

That earmark for Topeka comes from $16 million set aside for urban transit, with $6.6 million going to Wichita, $2.8 million to Johnson County, $1.9 million for Wyandotte County and $1.9 million to Lawrence. A total of $14 million is going to rural transit projects, but those recipients haven’t been determined.

How new buses will create jobs is beyond me.

Santelli’s Chicago Tea Party

You may have heard it on Rush or Hannity or Shanin & Parks or any other number of talk radio shows today. Even if you did, it’s still worth 5 minutes of your time to watch it.

CNBC’s Rick Santelli and the traders on the floor of the CBOE express outrage over the notion they may have to pay their neighbor’s mortgage, particularly if they bought far more house than they could actually afford, with Jason Roney, Sharmac Capital.

Video Wednesday: Bob Weeks on the Kansas minimum wage, Democrats defend Fannie, Freddy

Bob Weeks of Wichita Liberty discusses the effort to raise the Kansas Minimum Wage and why it’s a bad idea.

What form of government is the best?

Timeline shows Top Democrats defended Fannie, Freddy.

Chuck Schumer: The American people don’t care about wasteful spending.