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politics and politicians
See other politics and politicians Articles

Title: Scott Walker Using $100 Million Of Taxpayer Money To Fight Off Recall?
Source: Forbes
URL Source: http://www.forbes.com/sites/rickung ... yer-money-to-fight-off-recall/
Published: May 9, 2012
Author: Rick Ungar
Post Date: 2012-05-11 10:10:30 by lucysmom
Keywords: None
Views: 20450
Comments: 56

As Wisconsin Governor Scott Walker heads into the final stretch in his effort to hang onto his job, he is finding it increasingly more difficult to make his case honestly— or without using huge sums of taxpayer money to sway voters.

While life would likely have been easier for the Governor had collective bargaining remained the key issue of the campaign, now that the election has become largely about Walker’s record on job creation, the polls reveal that things are becoming increasingly more difficult for Scott Walker. Wisconsin currently competes with Nevada for the dubious title of worst job creator in the nation, resulting in the polls tightening into a dead heat, leaving the Governor with reason to be worried.

snip

Walker has consistently cried poverty in the state budget as the rational for his many controversial moves, the Governor miraculously came up with $100 million to fund economic development in Milwaukee’s poorest areas—money Walker claims will come from the Wisconsin Housing and Economic Development Board.

Even more surprising is the astonishing resemblance between the Walker scheme and the series of measures put forth by President Obama as the Governor’s proposal involves reoccupying foreclosed and vacant properties while making loans and venture capital money available to small businesses and industrial developers.

Of course, Scott Walker had been a vocal opponent of such proposals when uttered by the President.

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Begin Trace Mode for Comment # 23.

#6. To: lucysmom (#0)

http://www.maciverinstitute.com/...ased-revenue-projections/

MacIver News Service | May 10, 2012

[Madison, Wisc...] Wisconsin's Department of Administration revenue projections show the state is expected to finish the two-year budget cycle in the black and, for the first time in a decade, the state will have enough of a surplus to transfer money into the rainy day fund in consecutive years.

"This is great news for Wisconsin taxpayers. When we balanced the state budget and erased a $3.6 billion deficit, our goal was to return financial stability to the state," said State Representative Robin Vos, the Assembly Co-Chair of the Joint Committee on Finance. "This is a great example of how honest budgeting pays off."

The Department of Administration expects the state's revenue forecast to improve by more than $265 million.

"When we started, the Democrats left us with a $3.6 billion deficit and jobs were fleeing the state," said State Senator Alberta Darling, the Senate Co-Chair of the JFC. "Instead of kicking the can down the road, Governor Walker and Republicans rolled up our sleeves, passed real reforms, and cut taxes. Our state is seeing the benefits of those reforms. Our budget is in the black."

Two months ago Legislative Fiscal Bureau officials reduced its projected general fund tax collections by $272.8 million and said the state faced a deficit of $143 million through June 30, 2013. However, Department of Revenue officials credit job creation and growth in personal income for the increased revenue projections.

"While critics want to talk down Wisconsin and root against our state, we are showing once again that we're heading in the right direction," said Rep. Vos.

The state has also completed debt refinancing, which saved $78 million over the biennium and the 2012-2013 budget cycle conclude with a $154.5 million surplus and will allow the state to put $45.4 million into the state's rainy day fund.

See link to compare the last two State Budgets and the chart showing the budget.

SJN  posted on  2012-05-11   12:57:06 ET  Reply   Untrace   Trace   Private Reply  


#8. To: SJN (#6)

Wisconsin's Department of Administration revenue projections show the state is expected to finish the two-year budget cycle in the black and, for the first time in a decade, the state will have enough of a surplus to transfer money into the rainy day fund in consecutive years.

No WONDER loonyming hates him... he's a conservative, he can balance a budget and he's actually doing a GOOD JOB!!!

<<<<< Gasp! >>>>>>>>

In her opinion, that money needs to be SPENT! Squandered on union pensions (like hers) and every OTHER scum-bag special-interest-group with a hand out... like the "unwed lesbian Indians against nuclear energy" crew (or name the most absurd group the government could steal money to subsidize).

She's TRULY insane.

Capitalist Eric  posted on  2012-05-11   13:00:54 ET  Reply   Untrace   Trace   Private Reply  


#18. To: Capitalist Eric (#8)

No WONDER loonyming hates him... he's a conservative, he can balance a budget and he's actually doing a GOOD JOB!!!

Anyone can balance a budget if you don't give a damn about the consequences of the cuts you make.

When it comes to job creation, Walker doesn't seem to be much of a success.

New preliminary figures from the Bureau of Labor Statistics show Wisconsin with 2,739,500 total employees on nonfarm payrolls through December 2011.

That's up 3,200 for the year -- a 0.12 percent increase -- and puts Wisconsin 45th for total job growth compared to the other states and the District of Columbia.

The only states with a worse percentage increase in 2011 were Rhode Island, Maine, Missouri, Georgia, Alaska and Delaware.

snip

In a separate report released Wednesday, the Center on Wisconsin Strategy notes that the state now has a jobs deficit of 215,300 -- the difference between the number of jobs Wisconsin has now and the number it needs to match its pre-recession employment levels.

The number includes the 148,700 we still need to make it back to December 2007 levels of employment, plus the 66,600 additional jobs needed to keep up with the 2.3 percent growth in population since the recession began," reports the liberal-leaning UW-Madison think tank.

Gov. Scott Walker has touted his job creation efforts, saying his administration is creating an environment where the private sector can flourish.

host.madison.com/ct/busin...e1-92dc-0019bb2963f4.html

lucysmom  posted on  2012-05-11   13:50:07 ET  Reply   Untrace   Trace   Private Reply  


#20. To: lucysmom (#18)

The consequences of his cuts are going to save the tax payers of Wisconsin. That helps put money in to the pockets of the people, it spurs economic activity and in turn actually builds the coffers of the Government. But these are things that take time. Just as it took the Democrats decades to run the state in to the ground.

SJN  posted on  2012-05-11   13:55:07 ET  Reply   Untrace   Trace   Private Reply  


#23. To: SJN (#20)

But these are things that take time.

Compare the outcomes of Iceland and Greece.

lucysmom  posted on  2012-05-11   14:02:29 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 23.

#37. To: lucysmom (#23)

Compare the outcomes of Iceland and Greece.

In what way do the outcomes of Iceland and Greece have bearing on my point that; putting peoples money back in to their own hands where it belongs and that by doing that it produces economic growth and revenue for the state? And tell me what "outcome you are referring to.

SJN  posted on  2012-05-11 16:26:43 ET  Reply   Untrace   Trace   Private Reply  


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