Economist sees Kansas government spending as too much in light of potential recession

An economist with the Sandlian Center for Entrepreneurial Government at the Kansas Policy Institute is concerned about the level of government spending in light of economic indicators that could point to a recession in the near future.

“The economic siren has flashed red,” said Michael Austin. “The U.S. could see a recession in roughly about two years. Unfortunately, the worst part about it is that state government is overspending, like a drunken sailor and, trust me, I don’t think Kansans are prepared for when that hangover hits.”

The interest rates on short-term bonds are higher than interest rates paid by long-term bonds. This phenomenon has happened before a recession for every recession since 1969.

(Read more: WIBW News Now)