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

SlevinKelevra

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...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

To help close the state’s $283 million budget shortfall this year, Wisconsin Governor Scott Walker (R) plans to skip a $108 million debt payment scheduled for May.

<snip>

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.

“This latest accounting gimmick kicks the can further down the road and will end up costing taxpayers millions more,” State Sen. Jennifer Shilling (D) said in a press release yesterday.


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

...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?

He's doing as Norquist calls starving the beast. He wants to kill all government programs in order to privatize everything. It will make his wealthy contributors wealthier while hurting everyone else in his state. He's a perfect tool for them.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

...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?

Are there any other governments that the Washington Post is reporting on?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

He's doing as Norquist calls starving the beast. He wants to kill all government programs in order to privatize everything. It will make his wealthy contributors wealthier while hurting everyone else in his state. He's a perfect tool for them.

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

Washington Post: Breaking News, World, US, DC News & Analysis considering the top story at the moment is on the Ukraine, I'd guess so.


Are there any deflections you won't use?

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

And yet the debt that Obama continues to let bigger daily goes unheard of in leftist circles, unless of course Bush is brought up, because as we all know, it's always his fault. This might be his as well. Who knows? Maybe the left?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Are there any other governments that the Washington Post is reporting on?
I'm afraid it's going to be hit piece after hit piece until election day or until the day he is no longer a candidate. Whichever comes first.

The stories will be written and the little partisans will get all riled up and huff and puff and point their fingers seemingly oblivious to the fact that their own candidate's closets are bursting at the seams...

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

And yet the debt that Obama continues to let bigger daily goes unheard of in leftist circles, unless of course Bush is brought up, because as we all know, it's always his fault. This might be his as well. Who knows? Maybe the left?

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

...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?

He is paying down the debt. So he is not only reducing the debt, but I will assume he has a budget surplus in order to do that. It was also the same tactic used by previous administrations, but the difference is he is reducing the budget.

I may not have the whole story straight, so I am framing it up here.

He is reducing debt, we just don't like the way he is doing it? Is that right?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

He is paying down the debt. So he is not only reducing the debt, but I will assume he has a budget surplus in order to do that. It was also the same tactic used by previous administrations, but the difference is he is reducing the budget.

I may not have the whole story straight, so I am framing it up here.

He is reducing debt, we just don't like the way he is doing it? Is that right?


From the article, that you obviously bothered to intentionally NOT READ before commenting

To help close the state’s $283 million budget shortfall this year, Wisconsin Governor Scott Walker (R) plans to skip a $108 million debt payment scheduled for May.

<snip>
By November last year, the administration was estimating a $132 million shortfall. In January, the non-partisan Legislative Fiscal Bureau pegged it at $283 million. The Bureau, which does research for the Wisconsin Legislature, explained that tax collections were $173 million worse than the administration’s own estimates in November.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

From the article, that you obviously bothered to intentionally NOT READ before commenting

That is why I asked the question.

But this is the same tactic that was done by previous governors. Did you chastise them?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Citations needed

From the article, that you obviously bothered to intentionally NOT READ before commenting

Walker, a likely presidential candidate whose campaign message rooted in Wisconsin’s fiscal record, has been struggling to balance the budget in his home state before the June 30 deadline. Pushing off debt payments is one tactic that he and predecessors have used in the past.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

He's doing as Norquist calls starving the beast. He wants to kill all government programs in order to privatize everything. It will make his wealthy contributors wealthier while hurting everyone else in his state. He's a perfect tool for them.

As opposed to taxing everyone into poverty?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

From the article, that you obviously bothered to intentionally NOT READ before commenting

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

...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?

Typical, just keep passing the buck to whoever gets the job next. Pay your damned bills, we have to, so should the states.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

How do you figure?

The privatized scheme was tried in Chile under the Chicago Boys and Pinochet. At the time the country was experiencing poverty around the same as our own. Once they enacted their goals half the country plunged into poverty. It was only after the country started to put back into place social safety nets they had dismantle, many were able to climb out of poverty and back to the ranks of the middle class.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

The fastest way to poverty for the middle class is to privatize everything.

Privatizing is less costly ergo less taxes ergo more money and jobs for the middle class to fill.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

The privatized scheme was tried in Chile under the Chicago Boys and Pinochet. At the time the country was experiencing poverty around the same as our own. Once they enacted their goals half the country plunged into poverty. It was only after the country started to put back into place social safety nets they had dismantle, many were able to climb out of poverty and back to the ranks of the middle class.

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

Privatizing is less costly ergo less taxes ergo more money and jobs for the middle class to fill.

You pay taxes to cover a whole host of necessary services. Privatizing them for those who can afford them is not going to get the middle class very far.
 
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