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

  1. #141
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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
    The idiocy of that is that it only looks at one side of the equation, it ignores the FACT that tax revenues went UP to historically high levels.
    ONLY when you do not take GDP or inflation into account. Revenues as a % of GDP plunged from 18% to 15%.

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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 CanadaJohn View Post
    He is suggesting borrowing to invest in infrastructure - entirely conservative and good management.

    He is suggesting deferring a debt payment in order to avoid tax increases that could suppress economic activity in the State - also entirely conservative and good management.

    Fiscal conservatives would rather let citizens keep their hard earned money so they can "save for a rainy day" - governments should fund to operational necessity and infrastructure maintenance, period.
    I've no problem any governor who wants to invest in infrastructure. A real fiscal conservative would take whatever surplus he has and pay for it instead of giving tax money back to his rich constitutes and then borrow.

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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 Fearandloathing View Post
    Unfortunately politics only works that way in movies......

    It's all about the money...who has it and who can get it. No body is sitting in a back room somewhere saying this guy or that guy in the Republican party...the party famous for shooting inward. Should anyone ever have any proof that such deals are made they are free to write an expose'.....and there are so many out there....

    Romney backed out, it is said, that he couldn't find the $ to do the preliminary ground work, building the team who will find out if enough money and support are there. He's had two runs at it and blew it, and blew it bigger than Dewey last time, no one wants to touch him.
    Who did you think I was talking about when I said Romney dropped out when he talked to those that "know"? It is those with the money and they think Jeb can win and cut their taxes like his brother did. That is always the "quid pro quo" with the wealthy.

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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 ocean515 View Post
    Agreed. Try this, I did the other day. Google "Hilary Clinton 2016". Check the hits. Then do the same for Walker, Carson, and anyone else that might have hinted, or perhaps the left has invented, to be a candidate. The results are rather stunning.

    You're correct, after Hilary, there doesn't seem to be anyone left in the room. Time will tell.

    The Democrats already have three declared candidates...

    Democratic Party presidential candidates, 2016 - Wikipedia, the free encyclopedia

    I like Vermin Supreme...Supreme initially announced his intention to run in 2016 during his 2012 presidential campaign.[2] He confirmed his candidacy in May 2014[3][4]
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
    Donald Trump, 11/23/17

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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 rabbitcaebannog View Post
    I've no problem any governor who wants to invest in infrastructure. A real fiscal conservative would take whatever surplus he has and pay for it instead of giving tax money back to his rich constitutes and then borrow.
    And only a real liberal would refer to citizen taxpayers as "rich constituents".

    So your problem was that Walker, seeing a surplus of $1 billion in his State's budget last year, based on the going tax rates at that time, chose to leave about 60% of that surplus in the pockets of citizen taxpayers rather then splurge on expenditures. And that, in your mind, disqualifies him as a fiscal conservative.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

  6. #146
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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 vesper View Post
    The stories coming out of the Washington Post will be one hit piece after another on Republican candidates, during the primary season. And don't be surprised if there is an absent of hit pieces on Jeb Bush because that is the candidate the left wants to see on the right still standing.
    Walker wasn't the only hit piece this week that came out of the Washington Post, Christie got his own also. But when you think about it, Christie is the closest one to Jeb's ideology which drains support from Jeb. And Walker for the past two weeks has been polling very well often ahead of Bush, so he too gets a hit piece. If anyone starts to outshine Jeb, the Post will do their part to tarnish them. So what does that tell ya when the left is rooting for Jeb?
    Myself I prefer Jeb Bush. As to Christie, in my opinion he does not have what is needed. He has been shown to be a vindictive SOB and fudging funds from 1 program to another.
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    Hillary is the only defense I or anyone else needs.
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    Not once have I showed my dick to a woman and she thought it was creepy. In fact, in 100% of the cases, they were pretty excited about it. I don't know who you're showing your **** too.

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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 rabbitcaebannog View Post
    I've no problem any governor who wants to invest in infrastructure. A real fiscal conservative would take whatever surplus he has and pay for it instead of giving tax money back to his rich constitutes and then borrow.
    No, a fiscal conservative uses the public's money wisely, like taking advantage of historically low interest rates to defer a payment cheaply and provide better benefits for his constituents, rich and poor.

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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
    missing a payment and restructuring the terms of your debt because you can't (or choose not to) pay isn't defaulting?
    news to me, we had a giant national hissyfit over this a few years ago that resulted in the US credit being downgraded. Or maybe you conveniently forgot about that?

    if there's another more accurate term *mods feel free to change the wording instead of default in the OP*


    see pages 163-164
    https://www.richmondfed.org/publicat...f/martinez.pdf

    I can admit if I'm wrong, but that's how I've always understood the word to mean.
    Right. Sure thing.

    Wisconsin Defends Debt Maneuver Offering Short-Term Budget Boost - The Bond Buyer

    The move, labeled by the non-partisan Legislative Fiscal Bureau as a debt restructuring, has put the Walker administration on the defensive. Many administrations, including Walker's, have in the past turned to debt restructuring to balance the books including the practice of "scoop and toss" in which long-term debt principal payments coming due are covered by a new debt issue.

    "The proposed restructuring….would involve delaying $108 million in GPR (general purpose revenue) principal that had been previously scheduled to be retired," said a memorandum outlining the proposal by LFB in response to a request from minority Democratic lawmakers on the Joint Finance Committee.

    The state's capital finance team defends the move, calling it a "debt management tool" that will allow the state avoid the more costly issuance of long-term debt to replenish its capital fund for projects.

    Gov. Scott Walker responsible for record debt payments, Democratic rival says PolitiFact Wisconsin

    As for assigning responsibility, Vinehout conceded in her column that, like Walker, Doyle also stretched out debt payments in order to manage the state budget. But she suggested Walker's restructuring is what led to the record rate of general fund spending on debt payments.

    Experts from the fiscal bureau, the nonprofit Wisconsin Budget Project and the nonprofit Wisconsin Taxpayers Alliance, however, told us that factors other than Walker's debt payment restructuring also play a role.

    Doyle and Walker, and governors before them, have done long-term borrowing that is still being repaid. In other words, much of the debt, and debt payments, were inherited by Walker from previous governors -- something Vinehout acknowledged to us in an interview.

    Another factor that occurred under both Doyle and Walker is an increase in bond issues that are repaid with general fund dollars, rather than simply gas taxes and related funds, to do major transportation projects.[/

    So all the Progressive Machine propaganda, multiple threads by you, and the blather of the grubbers reacting to dog whistles are just a bunch of BS.

    How many examples of this type of yellow/hit piece journalism is required before the dogs stop barking at the whistles? I predict there is no amount of evidence that would cause that to happen.

  9. #149
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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 CanadaJohn View Post
    And only a real liberal would refer to citizen taxpayers as "rich constituents".

    So your problem was that Walker, seeing a surplus of $1 billion in his State's budget last year, based on the going tax rates at that time, chose to leave about 60% of that surplus in the pockets of citizen taxpayers rather then splurge on expenditures. And that, in your mind, disqualifies him as a fiscal conservative.
    He knew he was going to invest in infrastructure, but instead of saving for it or putting some money aside for whatever expenditures would happen, he made a decision to borrow because it was more important for him to give back money to the richest in that state. That is not fiscal whatsoever.

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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 Utility Man View Post
    https://about.usps.com/who-we-are/po...since-1926.pdf

    Tell us more about your hatred for the postal service.

    Its not hatred. Its accepting its a failed business
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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