"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi

Show Me Institute: Kansas City/St. Louis In Bad Financial Shape

January 11th, 2017 by mopns_admin · No Comments

“Missourian’s paid their taxes, and if there’s debt, Missouri kids and grandkids will pay that debt off.”
Former Democratic Governor Jay Nixon made this startling comment back in 2009 on C-SPAN  when asked about President Obama’s then proposed $1 trillion dollar failed stimulus plan. It’s not surprising this comment came from a Democratic governor and its no surprise that Kansas City and St. Louis, with its Democratic mayors, are is such bad shape.

Marc Joffe, Director of Policy Research for the California Policy Center, has rated the largest 116 U.S. cities according to their financial health and published the ratings in The Fiscal Times website. Missouri’s appearances on the list are not a source of pride. The study’s methodology rates five things: spending, long-term obligations, pension contributions, and changes in local unemployment and property values. Of the 116 cities, Irvine, California, performs the best. New York and Chicago come is 115th and 116th, respectively. Kansas City and St. Louis, with populations much smaller, rank 101st and 112th, respectively…The report showed that Kansas City had the highest debt per capita of ALL the peer cities they considered, including St. Louis, and well over the national average. Read more…

Related:

SMI: “Tax Cuts Provide Better Stimulus Than Government Spending”

Gephardt: The Government Has a “Spending Problem”

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