By Greg Mueller, Brodhead
In June of 2011, Walker said, "I am proud of the work done by the Legislature which passed a budget today that isn't built on accounting gimmicks, use of one-time money for ongoing expenses, or tax increases ... an honest document that balances Wisconsin's $3.6 billion budget deficit so that our children and grandchildren aren't saddled with mountains of debt in the future."
Lie No. 1: The budget "isn't built on accounting gimmicks." Despite promises not to raid segregated funds, Walker has done just that. He transferred over $400 million in segregated funds from mostly General and Environmental funds to Transportation.
Lie No. 2: The budget "isn't built on tax increases." By eliminating the Earned Income Credit and Homestead Tax Credit, the Walker budget increases the tax burden on Wisconsin residents, taking nearly $70 million over two years from the lowest wage earners.
Lie No. 3: The budget balances the $3.6 billion deficit "so our children and grandchildren aren't saddled with mountains of debt in the future." The state standard for debt-to-revenue ratio is no greater than 4 percent of the General Program Revenue, with 3 to 3.5 percent as the target. But next year, the ratio will grow to almost 5 percent and to over 5 percent in 2013-2014, higher than any time during the previous administration. Walker will leave us with more debt when he leaves office than when he took office.
Furthermore, the tax breaks Walker gave to corporations is projected to result in more than $2.3 billion in lost revenue over the next 10 years. And Walker will be gone before this revenue loss impacts Wisconsin's kids.
Lie No. 4: The budget "balances Wisconsin's 3.6 billion budget deficit so that our children and grandchildren aren't saddled with huge debt." The Transportation Fund, raided this year by the General Fund, will be at a $244 million deficit for the 2013-2015 biennium. The total deficit for that period will be $319 billion - which will come due after Walker is out of office.
If this upsets you, then stop in at the Recall Walker office on 1st Center Ave., downtown Brodhead, to sign the petition by Friday, Jan. 13. The office will be open Monday through Friday from noon to 6 p.m. This is the last week to sign a petition so don't put it off any longer.
In June of 2011, Walker said, "I am proud of the work done by the Legislature which passed a budget today that isn't built on accounting gimmicks, use of one-time money for ongoing expenses, or tax increases ... an honest document that balances Wisconsin's $3.6 billion budget deficit so that our children and grandchildren aren't saddled with mountains of debt in the future."
Lie No. 1: The budget "isn't built on accounting gimmicks." Despite promises not to raid segregated funds, Walker has done just that. He transferred over $400 million in segregated funds from mostly General and Environmental funds to Transportation.
Lie No. 2: The budget "isn't built on tax increases." By eliminating the Earned Income Credit and Homestead Tax Credit, the Walker budget increases the tax burden on Wisconsin residents, taking nearly $70 million over two years from the lowest wage earners.
Lie No. 3: The budget balances the $3.6 billion deficit "so our children and grandchildren aren't saddled with mountains of debt in the future." The state standard for debt-to-revenue ratio is no greater than 4 percent of the General Program Revenue, with 3 to 3.5 percent as the target. But next year, the ratio will grow to almost 5 percent and to over 5 percent in 2013-2014, higher than any time during the previous administration. Walker will leave us with more debt when he leaves office than when he took office.
Furthermore, the tax breaks Walker gave to corporations is projected to result in more than $2.3 billion in lost revenue over the next 10 years. And Walker will be gone before this revenue loss impacts Wisconsin's kids.
Lie No. 4: The budget "balances Wisconsin's 3.6 billion budget deficit so that our children and grandchildren aren't saddled with huge debt." The Transportation Fund, raided this year by the General Fund, will be at a $244 million deficit for the 2013-2015 biennium. The total deficit for that period will be $319 billion - which will come due after Walker is out of office.
If this upsets you, then stop in at the Recall Walker office on 1st Center Ave., downtown Brodhead, to sign the petition by Friday, Jan. 13. The office will be open Monday through Friday from noon to 6 p.m. This is the last week to sign a petition so don't put it off any longer.
