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

  1. #41
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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 Tettsuo View Post
    Why? I'd like to hear your reasoning since USPS is authorized by the Constitution.
    Because gubmint!
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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 iguanaman View Post
    Privatizing creates monopolies that corrupt and abuse the populace. That is why you like them so much.
    And goverment doesnt? Isnt? ffs listen to you.
    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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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by AliHajiSheik View Post
    Are there any other governments that the Washington Post is reporting on?
    Do you mean state governments?

    Like Kansas and Oklahoma having huge budget shortfalls, not because of a sagging economy, Oklahoma weathered the storm rather well, but because the CONs went ape cutting taxes without any grasp of what good governance involved...

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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 Tettsuo View Post
    Why? I'd like to hear your reasoning since USPS is authorized by the Constitution.
    It is. its also a money sink that is ineffective. I avoid the usps if at all possible.
    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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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by MrVicchio View Post
    And goverment doesnt? Isnt? ffs listen to you.
    No Govt. doesn't. For profit does.

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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
    So Walker, since taking office in 2011, has left $2 billion in tax dollars in the pockets of residents of Wisconsin and will potentially incur an additional $1.1 million in interest on debt incurred by his Democrat predecessors, and you want to criticize him?
    Yes.

    Last year, the state had a $1 billion surplus. He cut taxes last year by $541 million. It resulted in a budget shortfall of $283 million, and may be facing $2 billion in shortfalls over the next 2 years. One way he wants to address this issue is by slashing $300 million from the University of Wisconsin budget for 2015-2017.

    And guess what? The objections to this move are bipartisan. "State Senator Rob Cowles (R-Green Bay), whos served in the past on the budget writing Joint Finance Committee, said Tuesday that what Governor Scott Walker wants to do isnt that much different from what former Democratic Governor Jim Doyle did. Its similar. And if I was against those when a Democrat did it, Im also against it when a Republican does it, Cowles said."
    Walker criticized for budget move

    Let's see, what else does he have in mind? How about borrowing $1.3 billion for road & transportation projects? Borrowing another $200 million to build a stadium for the Milwaukee Bucks? Halting purchases of land by the Department of Natural Resources?

    Either Walker's office is unable to do a 1-year prediction of tax revenues, or Walker was practicing voodoo economics and imagining that cutting taxes would result in an increase in tax revenues, or both.

    So, yes. He should definitely be criticized when he makes irresponsible fiscal decisions.

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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 notquiteright View Post
    Do you mean state governments?

    Like Kansas and Oklahoma having huge budget shortfalls, not because of a sagging economy, Oklahoma weathered the storm rather well, but because the CONs went ape cutting taxes without any grasp of what good governance involved...
    Thank you for not answering my question. Grind your axe by quoting someone else's post.

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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 Visbek View Post
    Yes.

    Last year, the state had a $1 billion surplus. He cut taxes last year by $541 million. It resulted in a budget shortfall of $283 million, and may be facing $2 billion in shortfalls over the next 2 years. One way he wants to address this issue is by slashing $300 million from the University of Wisconsin budget for 2015-2017.

    And guess what? The objections to this move are bipartisan. "State Senator Rob Cowles (R-Green Bay), who’s served in the past on the budget writing Joint Finance Committee, said Tuesday that what Governor Scott Walker wants to do isn’t that much different from what former Democratic Governor Jim Doyle did. “It’s similar. And if I was against those when a Democrat did it, I’m also against it when a Republican does it,” Cowles said."
    Walker criticized for budget move

    Let's see, what else does he have in mind? How about borrowing $1.3 billion for road & transportation projects? Borrowing another $200 million to build a stadium for the Milwaukee Bucks? Halting purchases of land by the Department of Natural Resources?

    Either Walker's office is unable to do a 1-year prediction of tax revenues, or Walker was practicing voodoo economics and imagining that cutting taxes would result in an increase in tax revenues, or both.

    So, yes. He should definitely be criticized when he makes irresponsible fiscal decisions.
    Imagine that - through sound fiscal management Walker and his administration were able to generate a $1 billion surplus for the State last year. Now, a good liberal would want to find social programs to spend that on, but not just the $1 billion - no, that's only a down payment and they'd plan to institute $2 billion in operational expenses. Walker, however, decided to give a big chunk of the peoples' money back to the people - Scoundrel!!

    And borrowing money for capital projects - scandalous. The man should be jailed. I'm sure everyone buys a house with cash and takes out long term paper to buy groceries.

    I can see why liberals are so upset.
    "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.

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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
    Imagine that - through sound fiscal management Walker and his administration were able to generate a $1 billion surplus for the State last year. Now, a good liberal would want to find social programs to spend that on, but not just the $1 billion - no, that's only a down payment and they'd plan to institute $2 billion in operational expenses. Walker, however, decided to give a big chunk of the peoples' money back to the people - Scoundrel!!

    And borrowing money for capital projects - scandalous. The man should be jailed. I'm sure everyone buys a house with cash and takes out long term paper to buy groceries.

    I can see why liberals are so upset.
    It's not their fault, really. Socialists do not understand the concept of "surplus" as "money" is there to be spent as we know what is better for the people than they do...and all such money has to flow into the government, get drained by a unionized civil service and trickled down to people so they can go into debt buying a 50" screen as opposed to paying cash if we went direct.

    What really is their bitch? Walker out smarted them. He is now the guy who gave people money that didn't cost a premium. What they give is borrowed and people will know that.
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  10. #50
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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?


    "By missing the May payment, Walker will incur about $1.1 million in additional interest fees between 2015 and 2017. The $108 million debt will continue to live on the books; Walker’s budget proposal for 2015-2017 will pay down no more than about $18 million of the principal."

    So he cut $541 million in taxes and incurred an additional $1.1 million in fees? Can someone explain to me how this is fiscally irresponsible?
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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