again, like so many on the left, you are simply parroting bullshit from your masters.
1) He did not create the deficit
2) There was NO surplus
3) If you actually bothered to READ the report, it clearly states that the general fund owed another fund $200m. That by itself eliminated the so called surplus that was attained by the previous admin borrowing from another fund for the previous term. The WI Supreme court ordered it paid back, but as of the date of the report it had not been paid back.
4) Per the report, the effect of MN canceling the income tax reciprocity agreement, will detract a further $60m per year.
5) Per the report, the state of WI faces a $3.6 BILLION dollar shortfall over the coming two years.
Enough of the bullshit that they 'have no rights'. That is purely a crock.
Funny how you idiots continue to fail to respond to the five points above. You simply keep parroting the same bullshit your masters taught you.
You also continue to fail to answer the simple question....
WHO are the public unions bargaining against?
Are they just trying to get a bigger piece of the tax revenues of the state? In which case, that means the revenues either have to come from some other state project OR you have to raise taxes, hence it comes from tax payers.
I wonder why you idiots on the left keep ignoring these questions and points?
Could it be because the answers make you look like a fucking retard?
You are not interested in seeing what is going on here, you are just interested in promoting your ignorant right wing dogma and joining Walker in trying to lay the blame on people that have not created the problem.
It was conservative icon Edmund Burke who said: "Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy." You slash and burn morons just want to use cuts to make people bleed...it's that right wing 'punishment' syndrome...
Cutting the disposable income of middle class taxpayers will have a detrimental effect on the economy of Wisconsin.
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In fact, a new study by the Institute for Wisconsin’s Future (IWF) found that cutting public sector employees’ pay to the degree demanded by Walker would be a disaster for the state’s economy. In fact, about $1 billion of public employee wages would be lost each year:
* State workers would lose $429 million of disposable income
* Local employees would lose $335 million of disposable income
* School district employees would lose $230 million of disposable income
“Public sector workers are moderate-income people who spend the vast majority of their income on consumer goods—unlike rich households who save the bulk of their wealth,” wrote Jack Norman, the study’s author.
Since that $1 billion would not be spent—and recirculated—in businesses throughout Wisconsin, the study projected that 9,900 private sector jobs would be lost.
“State leaders cannot make up for the loss in consumer purchasing power by an equivalent amount of tax cuts,” Norman wrote. “That would worsen the deficit and cancel out any savings created by cuts to public sector compensation.”
And what about the ripple effect on local governments? IWF’s Norman calculated that $46 million of property tax revenue would be lost because of the wage cutbacks and depressed economic activity. Dane County would be hit the hardest and lose $14 million in property taxes; Milwaukee County would lose $6 million in property taxes.
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You whine about the $200m owed, but you fail to mention that Walker immediately gave special interests $140m that state had saved to pay most of that money owed...WHY do you fail to mention that freak?
Not only that, the money he gave away will not lower the deficit, it will COST taxpayers MORE money.
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Walker Concocts 'Scoop and Toss' Borrowing Scheme to Pay for $140 Million in Special Interest Spending
Wall Street Bond Holders Win; Wisconsin's Long-Term Debt Rises
Madison-- Republican Gov. Scott Walker plans to pay for $140 million in new special interest spending signed into law in January by extending the state's long term debt in a "scoop and toss" refinancing scheme that will cost untold tens of millions of dollars in additional debt for Wisconsin.
"Scott Walker railed non-stop against budget gimmicks as a candidate and now as governor he's put together a scheme that would make a pay-day lender blush," said Scot Ross, One Wisconsin Now Executive Director. "Gov. Walker created this problem by handing out $140 million in special interest spending to his corporate pals and he's going to make our children pay for it by taking loans the state was ready to pay off and borrow more money on them."
Walker is refusing to provide full accounting of how much in additional costs his "scoop and toss" scheme would cost taxpayers down the road. Since his inauguration in early January, Walker has approved $140 million in new special interest spending that includes:
* $25 million for an economic development fund for job creation that still has $73 million due to a lack of job creation. Walker is creating a $25 million hole which will not create or retain jobs. [Wisconsin Legislative Fiscal Bureau, 1/7/11]
* $48 million for private health savings accounts, which primarily benefit the wealthy. A study from the federal Governmental Accountability Office showed the average adjusted gross income of HSA participants was $139,000 and nearly half of HSA participants reported withdrawing nothing from their HSA, evidence that it is serving as a tax shelter for wealthy participants. [Government Accountability Office, 4/1/08; Wisconsin Legislative Fiscal Bureau, 1/11/11]
* $67 million for a tax shift plan, so ill-conceived that at-best the benefit provided to job creators would be less than a dollar a day per new job, and may be as little as 30 cents a day. [Associated Press, 1/28/01]
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And the $64,000 question...IF Walker's plan is such a great one, WHY DIDN'T HE MENTION IT DURING HIS CAMPAIGN???
