DOA Secretary Mike Huebsch: Wisconsin has budget deficits for fiscal years 2012 & 2013
By Zach W On January 18, 2012 · 2 Comments · In News, Those Kooky Conservatives!, Wisconsin Politics
Have you heard those new TV ads Republican Gov. Scott Walker is running touting how he eliminated Wisconsin’s budget deficits?
Don’t believe a word Walker says, because Department of Administration Secretary Mike Huebsch has the truth, which is that Wisconsin has projected budget deficits for fiscal years 2012 and 2013.
What’s more, if we use Generally Accepted Accounting Principles (GAAP) to take a look at Gov. Walker’s first biennial budget (as Walker himself promised to do as a candidate), we’d have budget deficits in the billions of dollars.
We examined Walker’s first budget, the 2011-13 biennial budget, to see if he lived up to his promise to balance the budget using GAAP.There’s a chart every two years in the state budget demonstrating the bottom line under GAAP. The chart in the Walker administration’s Budget in Brief shows that the 2011-13 budget was not close to balanced by that standard.
In fact, the document shows that based on GAAP accounting, the state would have been left with a deficit of $3 billion by 2012-13 under Walker’s budget. That compares to the $2.9 billion GAAP deficit he inherited at the end of Doyle’s term, the state’s financial statements show.
So when Gov. Scott Walker says he’s eliminated Wisconsin’s budget deficit, he’s all rhetoric, no reality. Scott Walker didn’t eliminate Wisconsin’s budget deficits; he simply kicked the can down the road the same as his predecessors.
If you enjoyed this article, please consider sharing it!
opinions powered by SendLove.to
2 Responses to DOA Secretary Mike Huebsch: Wisconsin has budget deficits for fiscal years 2012 & 2013
Leave a Reply Cancel reply
Watch the GAB sort through recall petitions LIVE!
Our Blogroll
- AFSCME Council 24 SEPAC
- Badger Blue, Times Two
- Badger Democracy
- BattiestGrrl Recalls: Putting the 'All' in 'Recall'
- blue cheddar blog
- Blue Collar Blogger
- Brett Cottrell
- Brew City Brawler
- Caffeinated Politics
- City of Contempt – The Scroll of Reason
- Cognitive Dissidence
- Constructive Debate
- Democracy Interactive
- Down With Tyranny!
- Eschaton
- Eye on Wisconsin
- FDLFVR
- Firedoglake
- First Draft
- folkbum’s rambles and rants
- Forward our Motto
- FoxPolitics.net
- Freak Out Nation
- freshthoughtz
- Grassroots Tosa
- Haas414
- Happy Circumstance
- illusory tenant
- Jake's Economic TA Funhouse
- Left on the Lake
- Left Take
- Letter From Here
- Mildly Relevant
- MisLeading Wisconsin
- Moneyed Politicians
- Monologues of Dissent
- One Wisconsin Now
- Plaisted Writes
- Playground Politics
- Political Heat
- Ramona's Voices
- Red State Progressive
- Sly in the Morning
- South Milwaukee's 4th District
- The Bearded Crank
- The Blue States
- The Chief
- The Lost Albatross
- The Masses
- The Motley Cow
- The Other Side of My Mouth
- The Paul Ryan Watch
- The Plum Line
- The Political Carnival
- The Political Environment
- The Sara Schulz Show
- The World According to Nick
- Turning Over the Rocks
- Uppity Wisconsin
- Urban Milwaukee
- Waukesha Wonk
- Wisconsin Gazette
- WisPolitics.com
Join the Discussion…
- Dan on Why I’d vote for Jan Pierce if I lived in the 14th Aldermanic District
- Super Id on About Kathleen Falk’s Union Endorsements
- Zach W on About Kathleen Falk’s Union Endorsements
- Super Id on About Kathleen Falk’s Union Endorsements
- Super Id on Carolina Stark: Judges Matter
- Super Id on Carolina Stark edges out Walker appointee in Circuit Court race
- LikeaHawk on You want vote fraud? Rep. Joel Kleefisch has your vote fraud right here!
- Jeff Simpson on You want vote fraud? Rep. Joel Kleefisch has your vote fraud right here!
- LikeaHawk on You want vote fraud? Rep. Joel Kleefisch has your vote fraud right here!
- Jeff Simpson on Verify The Recall – It’s Working
- Jeff Simpson on About Kathleen Falk’s Union Endorsements
- Greg on Cat’s out of the bag! Secretary of State Doug La Follette plans to run for governor!
- Former Republican on About Kathleen Falk’s Union Endorsements
- Zach W on You want vote fraud? Rep. Joel Kleefisch has your vote fraud right here!
- Jeff Simpson on About Kathleen Falk’s Union Endorsements
Site Login
Wow…have you even read the attachment? It clearly says we WOULD have a deficit IF the changes aren’t made in Medicaid. He had to send the prospective budget out to get approval to make the changes in Medicaid from the federal government. The letter at the end clearly states that. And don’t tell me you didn’t know that because I’ve seen dozens of posts about how evil walker is for taking benefits away from poor people. So in summation he did balance the budget. We don’t have a deficit and you can’t comprehend your own sources.
Exactly. And the Medicaid money was from the Feds. The program HAS to be cut now because we now have to pay for it. We didn’t before and yet Doyle still ran huge deficits. Walker didn’t “cut” Medicaid in the sense that he devoted less in state funding to the program. He simply cut it in the sense that less is being spent on it since we don’t have the money from the Feds anymore. It floors me that people are unable or unwilling to comprehend this. It is disingenuous, at best. At worst, it’s an attempt to smear Walker by twisting the facts rather than looking at the situation objectively. If you don’t like what Walker has done, that’s fine, but at least be honest about the reasons. Don’t go attacking the guy when it is unwarranted. That ends up hurting your cause more than it helps.
On second thought, keep it up. People see through this nonsense and it will make it that much easier for us to reelect Walker not only in 2012, but in 2014.