Wisconsin is Open for Business Ping!
This is just a reminder that Illinois, with its business plan dependent on increasing taxes is falling deeper in debt. Wisconsin, on the other hand, will have a surplus after climbing out of the huge deficit left by Doyle, thanks to Scott Walker.
If you want to be on, or off, this Wisconsin interest ping list just FReep mail me.
Maybe they can borrow some money from California.
Everyone should keep an eye on this, for this is the harbinger of total financial collapse.
Think of the states (or even the cities) as sub-corporations under USA Megacorp. USA Megacorps’ financial may look OK to investors, but as their subcorps keep incurring more and more unpayable debt, the Megacorp is going to slip in financial standing, having to pay higher rates to borrow, setting off a cascading collapse.
Without Walker and the Republicans’ budgets, fixing 8 years of Doyle’s stealing from protected funds and obscenely generous handouts to state union workers (for votes), we’d be in the same situation as Illinois (and Minnesota).
You want to draw a distinction as to how conservatives and liberals deal with economic problems? Just compare Wisconsin and Illinois. Wisconsin conservatives take a state 3.6 billion in debt from DEMOCRATS, pay back our Minnesota debt in the tens of millions, and come out with a projected 300 million surplus, without raising taxes or cutting a single state worker. Illinois libs who’ve been running that state into the ground for decades, thier plan is to massively raise taxes on individuals AND businesses, continue to BORROW billions of dollars leaving taxpayers on the hook in the future for that debt and interest, and also cut thousands of state workers.
That’s the difference. Conservatives - actually make budget changes, pay our debts off, and require state workers to pay for just a small part of their lavish benefits. Liberals - cut workers, raise your taxes, borrow even more money.
Long term, guess which solution makes a hell of a lot more sense?