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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:
Other than debenturing capital/infrastructure improvements, what is Walker borrowing? Did you pay cash for your house or get a mortgage?
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I can tell you 5.26 percent of general fund revenues will be used to pay off bonds. That exceeds the state’s historical target, which is to allocate no more than 4 percent of general fund revenues to debt payments.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
I can tell you 5.26 percent of general fund revenues will be used to pay off bonds. That exceeds the state’s historical target, which is to allocate no more than 4 percent of general fund revenues to debt payments.
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The bond payments will be made and the public has received money also, so is there a problem like many people hoped there would be?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
I can tell you 5.26 percent of general fund revenues will be used to pay off bonds. That exceeds the state’s historical target, which is to allocate no more than 4 percent of general fund revenues to debt payments.
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Well, maybe, historically liberal Wisconsin hasn't been keeping up with repairs and new building of its State infrastructure. They wouldn't be alone. Governments of all stripes, here in Canada as well, have avoided doing this work for far too long. Did Governor Walker issue all those debentures or his liberal predecessors? What's historical? When Governor Walker took office in 2011, what was the percentage? For that matter, what does the percentage matter? Isn't 5.26% of a much smaller budget better than 4% of an ever increasing budget?

You'll find that conservatives in Washington are quite willing to join Obama in infrastructure spending and to increase the debt to do so. That's what the majority of Obama's almost $1 trillion stimulus package was supposed to do back in 2009 - too bad he didn't use the stimulus package in the manner it was drafted.
 
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 are plenty of laws about what state governments can and cant do with the monies they bring in depending on the pockets and kinds of dollars they are. Wisconsin has Special Fund, General Fund, Federal Funds and Bond sales. All of those have mandated program areas they can be spent on.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

leoborn said:
The bond payments will be made and the public has received money also, so is there a problem like many people hoped there would be?
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Point is what he did was far from fiscal. You are paying interest in order to receive that revenue back.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
Debt is okay with you even if you have revenue to pay some off?
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Under some circumstances, absolutely.

You have never owned and run a business have you?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

CanadaJohn said:
Well, maybe, historically liberal Wisconsin hasn't been keeping up with repairs and new building of its State infrastructure. They wouldn't be alone. Governments of all stripes, here in Canada as well, have avoided doing this work for far too long. Did Governor Walker issue all those debentures or his liberal predecessors? What's historical? When Governor Walker took office in 2011, what was the percentage? For that matter, what does the percentage matter? Isn't 5.26% of a much smaller budget better than 4% of an ever increasing budget?

You'll find that conservatives in Washington are quite willing to join Obama in infrastructure spending and to increase the debt to do so. That's what the majority of Obama's almost $1 trillion stimulus package was supposed to do back in 2009 - too bad he didn't use the stimulus package in the manner it was drafted.
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Obama was also warned that giving back too much in tax cuts was not a good idea either. His stimulus package was watered down and did not work at all like it should have.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

VanceMack said:
There are plenty of laws about what state governments can and cant do with the monies they bring in depending on the pockets and kinds of dollars they are. Wisconsin has Special Fund, General Fund, Federal Funds and Bond sales. All of those have mandated program areas they can be spent on.
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Are you saying he would have broken a law by using revenue to pay for his expenditure(s)? If so, site that law.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
Point is what he did was far from fiscal. You are paying interest in order to receive that revenue back.
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How did you arrive at that conclusion? BTW, I've given up on fiscal responsibility from any politician, and all I need to do is look at the national debt clock to know I'm right.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Gill said:
Under some circumstances, absolutely.

You have never owned and run a business have you?
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IMO, it's not a good business model to starve off funds to the state's educational infrastructure.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

leoborn said:
How did you arrive at that conclusion? BTW, I've given up on fiscal responsibility from any politician, and all I need to do is look at the national debt clock to know I'm right.
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The state had the extra revenue but it was given back only for the governor to borrow money which costs interest. Now people are also going to have to take cuts in necessary social systems (like educational) which is a poor investment for the state.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
Are you saying he would have broken a law by using revenue to pay for his expenditure(s)? If so, site that law.
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Nope...Im not saying that. Im saying I dont know what all the laws in Wisconsin are and the ins and outs and what they COULD do with the money. Hell...Im not even a resident of the state. I know what kind of dollars they have and how they can be applied. I understand bond funding and I understand federal funding and that it doesnt all go into one giant budgetary blender. And for all my deficits of knowledge on Wisconsin's laws, unlike you I DO at least know how budgets and deficits work. I understand how government accumulates debt.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
The state had the extra revenue but it was given back only for the governor to borrow money which costs interest. Now people are also going to have to take cuts in necessary social systems (like educational) which is a poor investment for the state.
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Who said they are going to have to take cuts in education spending because of his decision? And since you are obviously concerned about that, how many cuts to education did Wisconsin take BEFORE Walker became Governor?

BTW...

http://www.nytimes.com/2014/02/03/u...er-what-to-do-with-budget-surpluses.html?_r=0
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

SlevinKelevra said:
not as a % of GDP.
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So the GDP grew faster than tax revenues?! THE HORROR!!
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
If he approves of tax cuts while adding to the debt, he is not fiscal.
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You mean tax cuts and non-necessary expenditures.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

VanceMack said:
Who said they are going to have to take cuts in education spending because of his decision? And since you are obviously concerned about that, how many cuts to education did Wisconsin take BEFORE Walker became Governor?
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States investing in their state's higher education institutions is a smart investment because well educated people will attract well paying jobs. He is really no fan of education on several counts. For one, he wants to cut funds from the University of Wisconsin (HERE: UW System predicts layoffs, no campus closings under budget cuts

Now it's understandable for many states to have cut funds to education if they were short on state revenue, but to have a surplus in revenue and to give back while cutting in such areas is irresponsible at best.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

clownboy said:
You mean tax cuts and non-necessary expenditures.
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Well he seems to think rebuilding some of his roads and bridges is important (which may very well be true) but you can't call that "non-necessary" expenditures.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
The state had the extra revenue but it was given back only for the governor to borrow money which costs interest. Now people are also going to have to take cuts in necessary social systems (like educational) which is a poor investment for the state.
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Are you a teacher that will be affected in that state?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

leoborn said:
Are you a teacher that will be affected in that state?
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Cutting funds for higher education will effect far more than just teachers. This effects those who will be attending such institutions.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

rabbitcaebannog said:
States investing in their state's higher education institutions is a smart investment because well educated people will attract well paying jobs. He is really no fan of education on several counts. For one, he wants to cut funds from the University of Wisconsin (HERE: UW System predicts layoffs, no campus closings under budget cuts

Now it's understandable for many states to have cut funds to education if they were short on state revenue, but to have a surplus in revenue and to give back while cutting in such areas is irresponsible at best.
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States spending excess budget dollars on ANY programs is not smart. California is eating the pain because of their decisions to do just that. Now the parties in California want Brown to invest in social programs with the surplus dollars to restore programs that were cut. Which means when there isnt a surplus next year...guess what gets cut again.

Maybe by NOT expanding spending in Wisconsin higher education, the universities will have to actually run their programs efficiently. Ohmigawd...the horrah!

You keep forgetting the fact that the previous governor with his excess spending STILL cut education dollars and union/teachers jobs.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

leoborn said:
Are you a teacher that will be affected in that state?
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She's from Massachusetts. Which means she is a partisan democrat opposed to anything Scott Walker does. That sunuvabitch cant parallel park well...and you want to make him president? Oh HELL no....

(the education and teachers cuts from the previous democrat Wisconsin governor...well...thats just good fiscal sense and governing right there)
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

VanceMack said:
States spending excess budget dollars on ANY programs is not smart. California is eating the pain because of their decisions to do just that. Now the parties in California want Brown to invest in social programs with the surplus dollars to restore programs that were cut. Which means when there isnt a surplus next year...guess what gets cut again.

Maybe by NOT expanding spending in Wisconsin higher education, the universities will have to actually run their programs efficiently. Ohmigawd...the horrah!

You keep forgetting the fact that the previous governor with his excess spending STILL cut education dollars and union/teachers jobs.
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Efficiently, by cutting programs? Florida did that by essentially not having a computer science program in the University of FL. Also, as I already mentioned, many states had no revenue at all and needed to cut which was tragic in itself, but highly irresponsible if they ran a surplus and decided to give it back to the state's richest instead of funding its educational system. This harms the middle class.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

VanceMack said:
She's from Massachusetts. Which means she is a partisan democrat opposed to anything Scott Walker does. That sunuvabitch cant parallel park well...and you want to make him president? Oh HELL no....

(the education and teachers cuts from the previous democrat Wisconsin governor...well...thats just good fiscal sense and governing right there)
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Do you really think all people from MA or partisan Dems:doh
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

clownboy said:
You mean tax cuts and non-necessary expenditures.
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Still in the hole no matter what you want to call it.
Education- non necessary- Read what his expectations are and tell me if they are achievable- now consider his expectations with the tax cuts.
 
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