Monday, March 12, 2012

The Walker budget's smoke and mirrors.

It's so nice when someone lays this out clearly enough so that even those of us who have to depend on common sense can understand it.

Walker's lying -- well, that or he's incompetent.  You decide.

For those who still support him because he "fixed the budget"... you might want to reevaluate what Walker and his owners with Americans for Prosperity, etc. tried selling to you back in the early days.

Nash column: Why they support Walker

Most people aren’t aware that Wisconsin’s Constitution mandates a balanced budget.

Former Gov. Jim Doyle balanced it, as have governors before him. Yet Walker makes it sound like a big deal. The same way he proudly announced that he’d repealed the cap on expansion of the Family Care program, while failing to mention the federal government ordered the state to do it.

On his 2010 campaign website, Walker stated, “I promise to require the use of generally accepted accounting principles (GAAP) to balance every state budget, just as we require every local government and school district to do.”

He called Doyle a liar for using the cash accounting method to make the budget appear balanced. However, after he was elected, Walker did the same thing.

GAAP is an accounting method used by corporations, smaller businesses and local governments. Despite chastising Doyle for it, Walker used the cash accounting method, instead of the GAAP, when he told us he’d balanced the budget and eliminated the deficit. With this method, expenses that occur in one fiscal year are pushed into the next year, creating an artificial surplus. Guess what? The budget isn’t balanced.

So how about the deficit? On Jan. 11, Bob Lang, director of the Legislative Fiscal Bureau, sent a letter to Assemblyman Jon Richards, D-Milwaukee. Lang stated: “In the Budget in Brief that accompanied the Governor’s 2011-2013 budget message, the administration projected that the GAAP
deficit for the state will be $2.99 billion in 2011-12 and $3.02 billion in 2012-13.”

The governor’s own projections show that the deficit wasn’t close to being eliminated.

4 comments:

Kevin Scheunemann said...

Which is it?

First you say deficit does not exist and Walker is lying about the shortfall.

Now you say deficit does exist and Walker is lying about budget being close to being balanced.

Can you stick with one story? Or is your hate of Scott Walker so bad you will do or say anything to get Scott Walker?

I thought you were better than that. I thought you were above that.

Vince Marolla said...

Kevin,

Walker lied -- end of story. He siad he would use the GAAP in looking at the budget. He did not, he lied. Under the GAAP there is a substantial deficit. "So how about the deficit? On Jan. 11, Bob Lang, director of the Legislative Fiscal Bureau, sent a letter to Assemblyman Jon Richards, D-Milwaukee. Lang stated: “In the Budget in Brief that accompanied the Governor’s 2011-2013 budget message, the administration projected that the GAAP deficit for the state will be $2.99 billion in 2011-12 and $3.02 billion in 2012-13.”

Is your love of Walker so blind that you cannot see the truth?

Kevin Scheunemann said...

Vince,

Our resident "Socratic" professor previously denied there was a WI budget deficit.

Now he is saying there is.

I'm more concerned about confused academics that can't stick with a single story and then accuse someone of lying when their so-called academic story shifts.

It's dishonest, from the standpoint of academic ethics.

Mpeterson said...

Oh, ouch. Tsk. You need to read what I wrote more carefully.

And it's darned handy that FERPA, and my own academic ethics, protects you from any comments I might make about your understanding of what "Socratic" means. ;^)