$1 Billion Surplus in Wisconsin...Gov. Scott Walker Returning It to Taxpayers

ZappasGuitar said:
Understood...since California is a Democrat Governor, they AREN'T allowed to use "projections"...but since Wisconsin has a REPUBLICAN Governor, they ARE allowed to do so.

There's a word for that...oh yeah...HYPOCRITE!

Do you think there might come a time when you could debate an issue with HONESTY for once?
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LMAO; how amusing you would use the word "honesty" in your dishonest tirades.

Hey, why don't you prove Wisconsin's surplus is not real?

Isn't it ironic that you ask me to prove my claims about California, then claim I am a hypocrite when I do prove it. There's a word for your type; starts with a "d" ends in a "t" and includes the word "dunce".
 
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Althea said:
I see. Do you expect Walker to increase taxes in order to pay for the mess he's created?

Neither do I
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I am amused that getting a States fiscal house back in order is now called a mess by dishonest Democrars.

Why do the dunces on the left always believe that you have to increase the tax burden of citizens to increase revenues. I've never understood that dimwitted canard. It's almost as stupid as claiming the Bush tax cuts reduced revenue.
 
Truth Detector said:
I am amused that getting a States fiscal house back in order is now called a mess by dishonest Democrats. Why do the dunces on the left always believe that you have to increase the tax burden of citizens to increase revenues. I've never understood that dimwitted canard. It's almost as stupid as claiming the Bush tax cuts reduced revenue.
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Maybe they only know what they're told by leftwing websites?
 
I Love America said:
Well Walker is white and Obama is a "thug"
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They both use tried and true models that perform with amazing consistancy everywhere they are tried. What I cant fathom is why lefties do the same foolish things over and over and somehow tey to tell people there will be a different outcome. The only thing more unfathomable is that people fall for it.
 
1966stang said:
Just like Bush did not include two wars in his deficit projections....
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yet, when the Democrats complained about the $5trillion Bush added to the national debt, they are both included......what's included in the $7trillion Obama added to the national debt (stay tuned for increases in that number, I hear we need to raise the cap again in February.......

I say we should raise the cap to cover the next eight months.....then we can all talk about the national debt again in October.......
 
1966stang said:
Bingo. Wisconsin is a clusterfuck and getting worse. The people of Wisconsin elected this tool twice...
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don't be angry, stang.....you too are benefiting from having a Republican governor.....soon you can re-elect him and have your own eight years of progress.....
 
PostmodernProphet said:
sweet.....we're ninth....so, did Corbett get his ideas approved by his state congress like Snyder did?......we balanced our budget and cut taxes.....what did you guys do?.....
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Well, he has a repub majority in both houses so I'm pretty sure he got everything he asked for. What did he do? Cuts to education, students, veterans, environment, homeowners, medical assistance and everything pertaining to quality of life here.

Plenty of tax breaks to businesses and special interests, aka Corbett's Corrupt Cronyism. I and a majority of Pennsylvanians cannot wait for 2016 to vote this piece of dirt out of office.
 
callinectes said:
No, you deal with it. I live in Florida. Your state in general suffers from a downturn in natural gas exploration and a decline in manufacturing jobs. There's some other stuff here:https://www08.wellsfargomedia.com/d...cs/regional-reports/Pennsylvania_10252013.pdf
This document mentioned one thing that really caught my attention. The financial woes of some municipalities(Harrisburg and Philadelphia in particular), are in sorry financial shape and are putting a drag on the state's recovery. Guess which party is in charge of both of those cities? Wells Fargo sees hope for your state, though:
Summary and Conclusion
Pennsylvania’s economy continues to limp along at a subdued pace. The structural decline in manufacturing has limited the state’s ability to make a quick turnaround, and the belt tightening in the public sector is creating headwinds for growth. Both the state and several major metro areas are struggling to balance their budgets, and as a result, have made painful expenditure cuts, most notably to education programs. Sluggish job and income growth keep consumption at bay, and prevent retailers from adding to their payrolls. However, there are some bright spots in the state’s economy. Education and healthcare have proved resilient over the years as prestigious institutions attract growing demand. Wholesale trade and distribution are also seeing gains. In addition, Philadelphia’s refineries are benefitting from rising oil output in North Dakota and Canada. Drilling in the Marcellus shale has boosted employment in extraction and related businesses and is providing a boost to the manufacturing sector. Energy exploration has not had the same transformative effect on Pennsylvania as it has on other energy-producing states, such as Texas and North Dakota. The state also has not had the strong surge in housing related employment and wealth effects felt in many other parts of the country as its housing market continues to limp forward. Conditions should improve as the drag from public sector cutbacks wanes. Job and income growth should improve and the unemployment rate should resume its gradual decline, which should boost consumption and breathe new life in the retail industry.
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Even a conservative activist says that Corbett's a p.o.s. Who'd ever think I could agree with him?

HARRISBURG — Conservative activist Bob Guzzardi and Republican Gov. Tom Corbett agree on several issues, but Guzzardi sharply criticizes the incumbent on two of the largest policy initiatives of his administration.

The $2.4 billion transportation bill that Corbett signed in November and the impact fee on natural gas drillers he advocated rile Guzzardi, a Montgomery County attorney. Guzzardi is trying to get on the ballot to challenge Corbett in the GOP primary on May 20.

He calls Corbett a “promise breaker” for advocating no tax hikes in his 2010 campaign and signing the transportation bill, which lifts the ceiling on a wholesale gasoline tax and may raise pump prices by 28 cents per gallon over five years. To Guzzardi, it's a gas tax increase.

The “deceptive” shale impact fee Corbett signed was “enacted by two-faced, double-talking lawmakers who simply wanted more tax money,” Guzzardi said.

 
christiefan915 said:
Well, he has a repub majority in both houses so I'm pretty sure he got everything he asked for. What did he do? Cuts to education, students, veterans, environment, homeowners, medical assistance and everything pertaining to quality of life here.

Plenty of tax breaks to businesses and special interests, aka Corbett's Corrupt Cronyism. I and a majority of Pennsylvanians cannot wait for 2016 to vote this piece of dirt out of office.
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smart man.....obviously the Democrats can't let someone like that stay in office......keep it up and people might notice......
 
StormX said:
[h=3]TURNAROUND! $1 Billion Surplus in Wisconsin...Gov. Scott Walker Returning It to Taxpayers[/h] Scott Walker touts improvements in state's finances in annual address



Gov. Scott Walker used his election-year State of the State address Wednesday to rally support for his plans to use the majority of Wisconsin’s $912 million in unexpected revenue for tax cuts.


“What do you do with a surplus?” he said. “Give it back to the people who earned it. It’s your money.”


He said he would call a special session of the Legislature to consider his income and property tax cut package — part of a broader fiscal plan called “A Blueprint for Prosperity” — which would save average Wisconsin families about $150 this year.


Assembly Speaker Robin Vos, R-Rochester, said there is support among Assembly Republicans for Walker’s proposal and it will likely be the first bill his chamber takes up when it convenes Feb. 11. The package, however, faces some opposition from Republicans in the Senate.


“I don’t have 17 votes for anything right now,” said Senate Majority Leader Scott Fitzgerald, R-Juneau.


Much of the tax cut plan was detailed by Walker to reporters Tuesday, but the speech was the first time Walker disclosed it directly to voters.

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http://nation.foxnews.com/2014/01/2...consingov-scott-walker-returning-it-taxpayers




:good4u:

Wish my asshole Gov. Moonbean of California would return my tax money.
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What a surprise...you dig into the article a bit deeper and it turns out Defective Truth is living up to his name.

Here's a quote from the portion of the article Faux News didn't want people to see:

"The state is projecting a surplus of $976.6 million by mid-2015. That includes $912 million more in revenue than was anticipated when Walker signed the 2013-15 budget last summer."

The state is PROJECTING A SURPLUS...PROJECTING.

As in HASN'T HAPPENED YET.

So just as I stated earlier...we do indeed find that PROJECTIONS are acceptable to a two-faced tool like Defective Truth when they are made by a REPUBLICAN...if the projection comes from a Democrat...well those are just eeeeeevil!
 
1966stang said:
Bingo. Wisconsin is a clusterfuck and getting worse. The people of Wisconsin elected this tool twice...
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That's an interesting claim disputed by studies showing the situation in Wisconsin significantly improving from the previous Democrat led fiascos.

Study shows Wisconsin’s improved fiscal condition
By Ryan Ekvall / January 21, 2014 / 3 Comments

Madison, Wis. — Republican lawmakers in Wisconsin stopped just short of taking victory laps around the halls of the state Capitol last week after the Legislative Fiscal Bureau projected a $1.04 billion general fund surplus over the two budget years.

This news comes just six months after Gov. Scott Walker signed the second Republican-led budget in his tenure. While unpopular with Democrats, Walker’s fiscal reforms continue to pay dividends to state taxpayers.

Lawmakers now routinely debate how to cut taxes instead of how to raise more revenue, something unthinkable just three years ago when the state faced a $3.6 billion budget deficit.

The state’s overall fiscal health is reflected in a new study king Wisconsin 17th among the 50 states. The study by Sarah Arnett, an economist at the Mercatus Center at George Mason University, puts the Badger State ahead of Iowa (18th), Michigan (30th), Minnesota (35th) and Illinois (48th).

Wisconsin ranked fourth in the country in “budget solvency,” far ahead of fifth place Utah on the index, one of Arnett’s four measures of overall fiscal condition. Wisconsin ended fiscal 2013 with a $760 million surplus.

Along with budget solvency — a state’s ability to raise enough revenue to cover spending over a fiscal year — Arnett calculated the states’ cash solvency (their ability to pay bills in the near term), long-run solvency (covering all its future liabilities, such as public pensions) and service-level solvency (the ability to provide adequate services to residents.)

Wisconsin ranked 35th in service-level solvency, 38th in long-run solvency and 43rd in cash solvency.

Dale Knapp, a researcher at Wisconsin Taxpayer’s Alliance, said the state can improve on those long term metrics, “by undoing some of the fiscal gimmicks we’ve employed over the past 10 to 15 years in shifting payments from one fiscal year to the next.”

Knapp said decreasing the Generally Accepted Accounting Principles deficit, which is currently at about $1.7 billion, would not only provide citizens a more transparent and honest accounting of state finances, but could cost taxpayers less money in the future due to an improved borrowing climate.

“To the extent that we permanently reduce that GAAP deficit, bond analysts will look at that positively and possibly improve the state’s bond rating, which has been among the worst in the country for the past decade or so,” Knapp said.

In practice, that might look like making changes to income tax withholding tables so workers send less to Madison over the year and receive less in tax refunds. Or paying for increased property tax credits in the same fiscal year, rather than moving it to the next year.

Walker and several other legislative Republicans campaigned on reducing the GAAP deficit and using GAAP accounting to balance the state’s books. The current GAAP deficit is down from $2.9 billion when Walker took office.

The budget watchers over at the Wisconsin Taxpayer’s Alliance have previously highlighted a need to bolster the state’s rainy-day fund, which sits at around $300 million after consecutive years of nine-figure deposits.

Knapp said that statutorily, half of any realized surplus will be deposited into the state’s rainy day fund until the fund reaches 5 percent of spending — about $750 million.

Walker has said he’ll unveil his plans for the projected surplus at his State of the State address later this week.

http://watchdog.org/124552/wisconsin-fiscal-health/

Yep, Democrat losers cannot stand the FACT that under Republican leadership things are getting better in the Cheese Head State.

;)
 
christiefan915 said:
Well, he has a repub majority in both houses so I'm pretty sure he got everything he asked for. What did he do? Cuts to education, students, veterans, environment, homeowners, medical assistance and everything pertaining to quality of life here.

Plenty of tax breaks to businesses and special interests, aka Corbett's Corrupt Cronyism. I and a majority of Pennsylvanians cannot wait for 2016 to vote this piece of dirt out of office.
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Governor Brown, a Democrat in California did the same thing; do you think he is a corrupt hate mongering politician engaging in cronyism?
 
Truth Detector said:
That's an interesting claim disputed by studies showing the situation in Wisconsin significantly improving from the previous Democrat led fiascos.

Study shows Wisconsin’s improved fiscal condition
By Ryan Ekvall / January 21, 2014 / 3 Comments

Madison, Wis. — Republican lawmakers in Wisconsin stopped just short of taking victory laps around the halls of the state Capitol last week after the Legislative Fiscal Bureau projected a $1.04 billion general fund surplus over the two budget years.
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So the lying partisan tool Defective Truth finally admits it's MERELY A PROJECTION and not actual fact...


Truth Detector said:
Yep, Democrat losers cannot stand the FACT that under Republican leadership things are getting better in the Cheese Head State.

;)
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And Republican losers can't admit that they've got two sets of standards...one for Politicians with an (R) after their name, and another for Politicians with a (D) after their name.

Pitiful partisan two-faced idiots like Defective Truth just won't admit their double standard.
 
ZappasGuitar said:
What a surprise...you dig into the article a bit deeper and it turns out Defective Truth is living up to his name.

Here's a quote from the portion of the article Faux News didn't want people to see:

"The state is projecting a surplus of $976.6 million by mid-2015. That includes $912 million more in revenue than was anticipated when Walker signed the 2013-15 budget last summer."

The state is PROJECTING A SURPLUS...PROJECTING.

As in HASN'T HAPPENED YET.

So just as I stated earlier...we do indeed find that PROJECTIONS are acceptable to a two-faced tool like Defective Truth when they are made by a REPUBLICAN...if the projection comes from a Democrat...well those are just eeeeeevil!
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You either have a serious reading comprehension issue, are incredibly stupid or merely a BIG fucking liar.

Which is it?

Ranking by budget solvency in the study I provided shows Wisconsin ranked as NUMBER 4 with California ranked 45.

Pull your empty head out of your ass and do some research before you bloviate emotionally stupid.

Dunce.

http://watchdog.org/124552/wisconsin-fiscal-health/
 
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