State of Kansas Archives: on Budget & Economy


Robin Carnahan: 2008 bank bailout helped Wall Street, not ordinary people

Carnahan criticized Blunt for his role in a 2008 bill bailing out troubled financial institutions, suggesting that it demonstrated a willingness to help Wall Street more than ordinary people. "Congressman Blunt time and again is on the side of Wall Street. He can figure out every rationale to give bailouts to Wall Street, he can say that it was great that it helped our economy--he's said it over and over again," Carnahan said. "But as I travel around our state, it hasn't helped.
Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 15, 2010

Roy Blunt: Bailout ok; stimulus package a huge mistake

Carnahan criticized Blunt for his role in a 2008 bill bailing out troubled financial institutions, suggesting that it demonstrated a willingness to help Wall Street more than ordinary people. "Congressman Blunt time and again is on the side of Wall Street. He can figure out every rationale to give bailouts to Wall Street, he can say that it was great that it helped our economy--he's said it over and over again," Carnahan said. "But as I travel around our state, it hasn't helped.
Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 15, 2010

Robin Carnahan: TARP financial bailout let banks run wild

"I've been in Jefferson City while Congressman Blunt has been in Washington," she said. "To me, if you put somebody in charge of something for 14 years and they don't get the job done, you fire that person."

Carnahan took some positions to Blunt's right: Promising to ban spending earmarks, for example, and criticizing the financial bailout known as TARP. "Congressman, you were there to let these banks run wild," Carnahan said. "You were there to bail them out with $700 billion of our money."

Recent reports estimate the actual cost of the TARP program at much less than that, Blunt pointed out, adding the bipartisan program prevented financial calamity. "It was a plan that worked," he said. "Hopefully, we'll never get in that situation again."

Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 14, 2010

Roy Blunt: TARP was a plan that worked

"I've been in Jefferson City while Congressman Blunt has been in Washington," she said. "To me, if you put somebody in charge of something for 14 years and they don't get the job done, you fire that person."

Carnahan took some positions to Blunt's right: Promising to ban spending earmarks, for example, and criticizing the financial bailout known as TARP. "Congressman, you were there to let these banks run wild," Carnahan said. "You were there to bail them out with $700 billion of our money."

Recent reports estimate the actual cost of the TARP program at much less than that, Blunt pointed out, adding the bipartisan program prevented financial calamity. "It was a plan that worked," he said. "Hopefully, we'll never get in that situation again."

Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 14, 2010

Mark Parkinson: Constitutionally require set-aside for emergency fund

It is time that we take steps to make sure that the state never again finds itself facing this kind of fiscal challenge. There are many reasons for the budget problems that we have. One is that we came into last year without an emergency fund. This is unacceptable.

Downturns are inevitable. Every business and family knows this, and those that are able develop reserve funds to prepare for those downturns. It is time for the state to do the same. I am asking you to pass the Constitutional Amendment that would require us to set a portion of state revenue aside to create an emergency fund. In years of declining revenue we would tap into the fund and avoid the situation we are currently in. It is time that we put our fiscal house in order and lay the foundation for a solid financial future for this state.

During a recession, people give up; once they give up, a recession can become a depression. My message to Kansans tonight is this: don't give up. There are too many reasons for genuine optimism.

Source: Kansas 2010 State of the State Address Jan 11, 2010

Bill Graves: Reauthorize the Kansas state lottery

In the 1986 election, nearly two out of three Kansas voters supported amending the Kansas constitution to have a state lottery. This session, you will discuss whether to honor their decision. Failure to renew the Lottery will cause it to automatically expire and will require budget adjustments that anticipate the loss of $60 million -- an amount the Lottery is expected to generate for various state programs in FY 2002. I support the Lottery’s reauthorization.
Source: State of the state address to Kansas legislature Jan 8, 2001

  • The above quotations are from State of Kansas Politicians: Archives.
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