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

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

CanadaJohn said:
This thread shows no such thing.
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Smart money management has a rainy day surplus/fund- he went from a huge surplus to a deficit in a very short time. Call it what you want, I call it a dumb move.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Gill said:
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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Why would he need to borrow when he had a surplus in tax money? That's just not 'fiscal' at all. Now people will have to pay toward interest payments.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

JANFU said:
Smart money management has a rainy day surplus/fund- he went from a huge surplus to a deficit in a very short time. Call it what you want, I call it a dumb move.
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I think that is why so many truly fiscal conservatives get angry. This kind of stuff is hardly fiscal at all.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
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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Debenturing capital expenditures is a standard practice of all businesses and governments since the invention of the wheel. At a time when interests rates are historically low with no rise in sight, this is exactly the time to borrow to build. Going into debt to fund day to day operations, on the other hand, is in no way conservative, but a liberal pastime.

And I do love the other liberal mindset you expose - "giving money back" to the "richest" constituents - when really what he's doing is letting taxpayers retain in their own pockets their own hard earned money. And I suppose, in the liberal mindset, taxpayers are rich, and retaining their earnings must be discouraged for the good of the collective.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Fearandloathing said:
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]
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Gee, thanks FL. Didn't know a list had been started. After review, I kind of have to disagree with your thoughts on Mr. Supreme.

I think Jeff Boss would appeal to most of the young Liberal/Progressive voters, as well as a large demographic of others on the left accustomed to believing all they are told. With Jeff's experience at thinking outside of the box, he might be somebody to keep an eye on.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

CanadaJohn said:
Debenturing capital expenditures is a standard practice of all businesses and governments since the invention of the wheel. At a time when interests rates are historically low with no rise in sight, this is exactly the time to borrow to build. Going into debt to fund day to day operations, on the other hand, is in no way conservative, but a liberal pastime.

And I do love the other liberal mindset you expose - "giving money back" to the "richest" constituents - when really what he's doing is letting taxpayers retain in their own pockets their own hard earned money. And I suppose, in the liberal mindset, taxpayers are rich, and retaining their earnings must be discouraged for the good of the collective.
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He's giving tax money back and then borrowing and then has to pay interest. Either he's not very smart or holds other things near and dear and it isn't being fiscal.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
I think that is why so many truly fiscal conservatives get angry. This kind of stuff is hardly fiscal at all.
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Up North here we went thru this in the 90's. Massive deficits and rising. Liberals came in, massive cuts. It also helped that the world economy started growing, Under Chretien, his Finance Minister, Paul Martin, always had a low budget surplus as projected. Year after year it came in well above projections. Got to be a tad bit of a joke. Project a 3 billion surplus, come in at 10 Billion.
Myself, over the years I have voted, Conservative, Reform and Liberal, not in any particular order.
The thing about projecting a small surplus, stating you are a fiscally orientated Leader, is the unexpected can happen.
I bet dollars to donuts he was aware of this.
He did not take this into consideration or ignored simple facts, and I think this was done due to him wanting to step onto the national stage.
As I stated earlier- a dumb move on his part.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
He's giving tax money back and then borrowing and then has to pay interest. Either he's not very smart or holds other things near and dear and it isn't being fiscal.
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I see you don't have the mindset to understand that cutting tax rates is not "giving tax money back" - it's actually not confiscating it in the first place. And good fiscal conservatives in government do not try to run huge surpluses. The try to run and budget debt neutral budgets that get the mandatory government functions funded as well as capital improvements funded over the long term.

It is an absolute guarantee that if a conservative Governor created a "rainy day fund" that was constantly growing, the very minute a liberal Governor was elected, there'd be a torrential downpour of spending.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
He's giving tax money back and then borrowing and then has to pay interest. Either he's not very smart or holds other things near and dear and it isn't being fiscal.
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You get that thats not how budgets work for the state OR the fed...right? Every state carries debt. Wisconsin has a total debt of about 45Billion dollars. Thats not realized overnight...thats accumulated over the states history. Annual budgets pay down the debt and pay for operating costs. Because states might have an annual budget surplus, that does not mean the state doesnt have debt.

Remember the Clinton administration? By intelligently working with the republicans in congress and imposing reforms and spending controls, Clinton was able to sign the budget, passed by the GOP congress, which resulted in an annual surplus. but while touting aa budget SURPLUS, we were in fact in debt, with the debt increasing from 4.065 trillion when he took office to 5.674 trillion when he left office in 2000. Yes...even with a budget 'surplus'. Bush went from 5.674 trillion to 10 trillion. Obama has taken us from 10 trillion to 18 trillion.

Walkers record deserves scrutiny. Scrutiny does not mean a bunch of drive by gotcha hit pieces that mindless morons can regurgitate without understanding.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

CanadaJohn said:
I see you don't have the mindset to understand that cutting tax rates is not "giving tax money back" -
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When you have to borrow (and pay interest) because you gave back your revenue it most certainly is short sighted and far from fiscal.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

VanceMack said:
You get that thats not how budgets work for the state OR the fed...right? Every state carries debt. Wisconsin has a total debt of about 45Billion dollars. Thats not realized overnight...thats accumulated over the states history. Annual budgets pay down the debt and pay for operating costs. Because states might have an annual budget surplus, that does not mean the state doesnt have debt.

Remember the Clinton administration? By intelligently working with the republicans in congress and imposing reforms and spending controls, Clinton was able to sign the budget, passed by the GOP congress, which resulted in an annual surplus. but while touting aa budget SURPLUS, we were in fact in debt, with the debt increasing from 4.065 trillion when he took office to 5.674 trillion when he left office in 2000. Yes...even with a budget 'surplus'. Bush went from 5.674 trillion to 10 trillion. Obama has taken us from 10 trillion to 18 trillion.

Walkers record deserves scrutiny. Scrutiny does not mean a bunch of drive by gotcha hit pieces that mindless morons can regurgitate without understanding.
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The point is a surplus should have been paid toward debt payments and not used to hand back to people while adding interest payments to your borrowing. It was not necessary nor fiscal.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
The point is a surplus should have been paid toward debt payments and not used to hand back to people while adding interest payments to your borrowing. It was not necessary nor fiscal.
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Thats a good yahoo, son.

The point is, you hate Scott Walker and are going to continue to spend the next 2 years looking for nits to pick at (as long as he is a contender). You will also spend that 2 years completely ignoring the flaws in his opposition candidate.

Again...do you know the first thing about states fiscal policies and what their LAWS say they must do with annual budget surplus'?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

SlevinKelevra said:
...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?
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So, you're complaining about what the feds do every year?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

VanceMack said:
Thats a good yahoo, son.

The point is, you hate Scott Walker and are going to continue to spend the next 2 years looking for nits to pick at (as long as he is a contender). You will also spend that 2 years completely ignoring the flaws in his opposition candidate.

Again...do you know the first thing about states fiscal policies and what their LAWS say they must do with annual budget surplus'?
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Using Ad Hominem and then making up a strawman is not really a good debate tactic.

btw, there is no law that says a governor must give revenue back to the tax payers and borrow instead.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
Using Ad Hominem and then making up a strawman is not really a good debate tactic.

btw, there is no law that says a governor must give revenue back to the tax payers and borrow instead.
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There's also no law that says a governor must pay back debt rather than give the taxpayers a break in their property taxes.

This is almost as silly as the chatter about Walker refusing to answer the gotcha evolution question.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Gill said:
There's also no law that says a governor must pay back debt rather than give the taxpayers a break in their property taxes.

This is almost as silly as the chatter about Walker refusing to answer the gotcha evolution question.
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Never said there was a law for him to do either. I simply said he is not acting fiscal when he gives back revenue to borrow and then has to pay extra on interest payments while adding to the debt.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
Never said there was a law for him to do either. I simply said he is not acting fiscal when he gives back revenue to borrow and then has to pay extra on interest payments while adding to the debt.
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That's your opinion. Good thing for the rest of us that you don't have any control over our tax money.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Gill said:
That's your opinion. Good thing for the rest of us that you don't have any control over our tax money.
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Debt is okay with you even if you have revenue to pay some off?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
The point is a surplus should have been paid toward debt payments and not used to hand back to people while adding interest payments to your borrowing. It was not necessary nor fiscal.
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Which is it? First you wanted a "rainy day fund" now you want advanced paying down of debt. What you really want, if you were being truthful is increased taxes. The fact he lowered taxes really frosts you.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

CanadaJohn said:
Which is it? First you wanted a "rainy day fund" now you want advanced paying down of debt. What you really want, if you were being truthful is increased taxes. The fact he lowered taxes really frosts you.
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Fiscal conservatives can do either. What they don't do is borrow and add interest onto more debt after giving revenue back to appease those who put them into office.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
Never said there was a law for him to do either. I simply said he is not acting fiscal when he gives back revenue to borrow and then has to pay extra on interest payments while adding to the debt.
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So, you feel the same way about every budget Obama has set forth?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
Never said there was a law for him to do either. I simply said he is not acting fiscal when he gives back revenue to borrow and then has to pay extra on interest payments while adding to the debt.
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Where do you get this stuff?

Walker isn't borrowing to pay for tax cuts and paying extra interest while adding to the debt. That's what Washington does routinely, an example being Obama's payroll tax holiday. As I read the OP, Walker is deferring the payment on the debt for 2 years, accumulating $1.1 million in interest, which he will budget to pay along with the deferred debt payment, within the 2 years. There will be no additions to the debt. And hey, the taxpayers get to keep almost $600 million in tax savings last year, this year, next year, etc. Seems like a pretty great investment - $1.1 million in interest for $trillions in tax savings.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

clownboy said:
So, you feel the same way about every budget Obama has set forth?
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If he approves of tax cuts while adding to the debt, he is not fiscal.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
Fiscal conservatives can do either. What they don't do is borrow and add interest onto more debt after giving revenue back to appease those who put them into office.
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Other than debenturing capital/infrastructure improvements, what is Walker borrowing? Did you pay cash for your house or get a mortgage?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

CanadaJohn said:
Where do you get this stuff?

Walker isn't borrowing to pay for tax cuts and paying extra interest while adding to the debt. That's what Washington does routinely, an example being Obama's payroll tax holiday. As I read the OP, Walker is deferring the payment on the debt for 2 years, accumulating $1.1 million in interest, which he will budget to pay along with the deferred debt payment, within the 2 years. There will be no additions to the debt. And hey, the taxpayers get to keep almost $600 million in tax savings last year, this year, next year, etc. Seems like a pretty great investment - $1.1 million in interest for $trillions in tax savings.
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Um, Walker did add to the debt when he could have paid his new expenditures with the extra revenue he had instead of adding to the debt. This will only add on extra interest to the payment. That is not saving anything.
 
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