On May 10th, Governor Walker’s Administration released projections that indicated a budget surplus of $154.5 million before the end of current biennial budget period. This is in direct opposition to a previously expected deficit for the same period of $143 million.
There is only one problem with that…it’s a flat out fabrication made possible by reneging on actual campaign promises and actually enthusiastically kicking the can down the road.
And despite his fervent claims to care about the economic health of the average hardworking Wisconsin taxpayer…his actions will cause increased interest costs and additional difficulties balancing future budgets.
Governor! YOU’RE NOT WORKING…
Anyway, here’s the article from the May 11, 2012 Milwaukee Journal Sentinel about the announced surplus and here’s the pertinent portion…third graph in if you want to find it quickly:
A large chunk of the surplus is realized by delaying payments that will ultimately cost taxpayers more in interest
And to add fuel to the fire, the Governor has a few loose threads still missing from his budget (from the same article):
The budget numbers released Thursday do not account for a sizable shortfall in the state’s health programs for the poor that Walker’s administration says it will deal with through increased efficiencies and spending cuts.
And if you needed any further proof that Representative Robin Vos is a pure ideologist hack (from the same article):
This is a great example of how honest budgeting pays off,” said Rep. Robin Vos (R-Rochester), co-chairman of the Legislature’s Joint Finance Committee.
Anyway, briefly changing the subject, isn’t it amazing that MJS can openly write about this nonsense and then re-endorse Scott Walker for governor?
VOTE for Governor:
VOTE for Lieutenant Governor: