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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
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?
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.
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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?