SEC CRACKDOWN ON KANSAS!!!
Once again the economic policies of Kansas Gov. Brownback are coming under fire.
This time it looks a bit more important given that we're not just talking politics or a silly theoretical macro-economic debate but real world cash infraction with come serious consequences . . .
KCUR: SEC Charges Kansas With Securities Fraud
"The Securities and Exchange Commission charged Kansas with fraud Monday for failing to inform purchasers of state bonds about underfunding of the state employees pension fund.
"The charges centered on the sale of $273 million in bonds in 2009 and 2010."
The cash shortage makes the economy of the state look week and, in reality, the only biz that's really rushing to Kansas to escape Kansas come from KCMO where the e-tax chases away more people than anybody would care to realize.