Wisconsin By The Numbers – Typical GOP Style Financial Management

This post up at Alternet covers all the bases and lays out exactly what has happened in Wisconsin.

The offered analysis leaves little doubt of the genesis of all the fuss being made. What is most clear is the new gov has screwed the pooch big time. Whether this is a cynical plan designed to produce this very result is an open question. What isn’t though is the governor made the mess. Central to the problem is an ill advised tax cut. What a surprise!!

LINK

What’s happening in Wisconsin is not complicated. At the beginning of this year, the state was on course to end 2011 with a budget surplus of $120 million. As Ezra Klein explained, newly elected GOP Governor Scott Walker then ” signed two business tax breaks and a conservative health-care policy experiment that lowers overall tax revenues (among other things). The new legislation was not offset, and it turned a surplus into a deficit.”

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4 thoughts on “Wisconsin By The Numbers – Typical GOP Style Financial Management

  1. Ramona posted this at Facebook today, too. It is an extremely thorough, helpful link that explains everything. I appreciate your adding it to the site today.

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