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Thread: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108 mill

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by AliHajiSheik View Post
    Did you stop beating your wife? That's a cool one.

    How about the Washington Post do a story about how the state governments are doing in all the 50 states rather than singling out one state who has a governor who may run for President? Most of the time no one cares what happens in Wisconsin, what is the agenda now?
    Imma step out on a limb here and suggest that it might be because Walker is the governor of Wisconsin and Walker is presumed to be running for the GOP nomination for President, and will run on his record in, ahhh, you know, Wisconsin?

    I mean, I don't know. It's just a wild guess.










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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by JANFU View Post
    Can we have some numbers & some links for that please. Over 1 Billion is a large number- revenue up- yet go from a massive surplu to a substantial deficit-
    Loan meltdown???? Clarification please.
    This is such common knowledge that I'm embarrassed for you. Tax revenues during the Bush admin. were at all time highs. Get educated about the real effect of the tax cuts so that we can have an intelligent conversation.
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by Risky Thicket View Post
    Imma step out on a limb here and suggest that it might be because Walker is the governor of Wisconsin and Walker is presumed to be running for the GOP nomination for President, and will run on his record in, ahhh, you know, Wisconsin?

    I mean, I don't know. It's just a wild guess.
    You are absolutely right. it IS a relevant question to ask and Walkers positions are absolutely something people nationwide should be concerned about because he is ASKING them to be concerned about them. The question is not why are Walkers positions relevant. The question is, why are people that accept and tolerate the identical actions of his predecessors in the governors mansion suddenly ****ting themselves intentionally because Walker did what they have done. THAT is a relevant question.

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Not agreeing to wage and pension increases for school administrators and teachers is not cutting education.

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by VanceMack View Post
    You are absolutely right. it IS a relevant question to ask and Walkers positions are absolutely something people nationwide should be concerned about because he is ASKING them to be concerned about them. The question is not why are Walkers positions relevant. The question is, why are people that accept and tolerate the identical actions of his predecessors in the governors mansion suddenly ****ting themselves intentionally because Walker did what they have done. THAT is a relevant question.
    You may have me there. I'll have to look at his predecessors and see what they did regarding unions, cutting higher education budgets, not making payments on the State debts.










    "When Faith preaches Hate, Blessed are the Doubters." - Amin Maalouf

    When trouble arises and things look bad, there is always one individual who perceives a solution and is willing to take command. Very often, that person is crazy. ~Dave Barry



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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by MrVicchio View Post
    Privatizing is less costly ergo less taxes ergo more money and jobs for the middle class to fill.
    Not always. Our privatized health care system delivers mediocre 1st world healthcare outcomes at costs 50% higher than any other first world country.
    Every other 1st world country has public healthcare or public/private healthcare; every other 1st world country has better healthcare outcomes; and every other 1st world country does it as healthcare/GDP of 12% or less (the US is 17%).

    ACA - Healthcare - Life_expectancy_vs_spending_OECD.jpg

    http://data.worldbank.org/indicator/...last&sort=desc
    Last edited by upsideguy; 02-20-15 at 01:37 AM.

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by SlevinKelevra View Post
    ...ion debt payment


    Scott Walker cut $541 million in taxes last year. Now his state will miss a $108 million debt payment. - The Washington Post




    This is the champion of fiscal conservatism and responsible governance? Oh My. Defaulting on a payment, costing the taxpayers' kids more in the future. This is my complete lack of surprise.
    Maybe if he just cut taxes some more?
    Oh, spare me the faux liberal/progressive/Democratic outrage.

    When y'all are honest enough to care about the children of the future on the national level, you'll have the right to care about WI's children.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by SlevinKelevra View Post
    Veey good. I got you to read it after all.

    Considering I joined here during his term, and I just learned about this today, no I have not criticised his predecessors
    Don't lie. You know that you just now had to Google the definition of the word "predecessor".

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by Risky Thicket View Post
    You may have me there. I'll have to look at his predecessors and see what they did regarding unions, cutting higher education budgets, not making payments on the State debts.
    Well...what we know for sure is his predecessors DID use the same payment delay tactic. We also know his predecessor was responsible for cutting a buttload of unionized teachers jobs that they tried to pin on Walker. But by all means...you SHOULD look into it. Look into why a blue state would go away from a democrat governor and why they would not only elect Walker but reelect him comfortably.

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by faithful_servant View Post
    This is such common knowledge that I'm embarrassed for you. Tax revenues during the Bush admin. were at all time highs. Get educated about the real effect of the tax cuts so that we can have an intelligent conversation.
    What a load of BS. You need to join the real world.....Not only did the Bush tax cuts reduce revenue by nearly $3 TRILLION but the SLOWER than expected growth that followed cost another 3.5 Trillion in lost revenue. Here's a Reagan man to explain it for you.

    Revenue has averaged 18 percent of G.D.P. since 1970 and a little more than that in the postwar era. At a similar stage in previous business cycles, two years past the trough, revenue was considerably higher: 18 percent of G.D.P. in 1977 after the 1973-75 recession; 17.3 percent of G.D.P. in 1984 after the 1981-82 recession, and 17.5 percent of G.D.P. in 1993 after the 1990-91 recession. Revenue was markedly lower, however, at this point after the 2001 recession and was just 16.2 percent of G.D.P. in 2003.

    The reason, of course, is that taxes were cut in 2001, 2002, 2003, 2004 and 2006.

    It would have been one thing if the Bush tax cuts had at least bought the country a higher rate of economic growth, even temporarily. They did not. Real G.D.P. growth peaked at just 3.6 percent in 2004 before fading rapidly. Even before the crisis hit, real G.D.P. was growing less than 2 percent a year.

    By contrast, after the 1982 and 1993 tax increases, growth was much more robust. Real G.D.P. rose 7.2 percent in 1984 and continued to rise at more than 3 percent a year for the balance of the 1980s.

    Real G.D.P. growth was 4.1 percent in 1994 despite widespread predictions by opponents of the 1993 tax increase that it would bring on another recession. Real growth averaged 4 percent for the balance of the 1990s. By contrast, real G.D.P. growth in the nonrecession years of the 2000s averaged just 2.7 percent a year — barely above the postwar average.

    Few people remember that a major justification for the 2001 tax cut was to intentionally slash the budget surplus. President Bush said this repeatedly during the 2000 campaign, and it was reiterated in his February 2001 budget document.

    In this regard, at least, the Bush-era tax cuts were highly successful. According to a recent C.B.O. report, they reduced revenue by at least $2.9 trillion below what it otherwise would have been between 2001 and 2011. Slower-than-expected growth reduced revenue by another $3.5 trillion.
    http://economix.blogs.nytimes.com/20...-problem/?_r=0

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