Originally Posted By: DBAppraiser
McMahon, here is some light reading for you. The Legislative Fiscal Bureau letter lays it all out for yah. There is no surplus in WI and before you spout off about the Gov giving his buddies tax breaks, the tax breaks don't go into effect until the next budget cycle, July 2011 to June 2013 so they are not currently part of the calculation.

Leg Fiscal Bureau

Now, not one of you guys who support the public unions has made any kind of case as to why it is good practice for Unions to endorse and support a candidate and then be able to sit down across the table and "negotiate" wages and benefits with the politician that they supported. I have seen a lot of union busting claims but not even FDR or Jimmy Carter, the godfather and 1st lieutenant of progressives, thought that public unions have a place at the table negotiating for wages and benefits.


DB, with all due respect, I'm not suggesting that the governor is giving his buddies tax breaks. What I am suggesting is that the Wisconsin fiscal budget was in fact fine until the governor suggested otherwise.

I can't find anything in your PDF file that suggests that the state of Wisconsin is in any peril. In contrary, the authors of said PDF suggest otherwise.

"Business Investment. The two major categories of business investment took divergent paths in 2010. Investment in business equipment and software (nearly 60% of which relates to
information processing) rebounded sharply from the year before, and was in fact one of the principal areas of strength in the U.S. economy. Measured in current dollars, investment in business equipment and software increased 12.6% in 2010, as strong corporate balance sheets and gradually improving business conditions fueled demand for new equipment. Aided by the depreciation incentives in the Tax Relief Act of 2010, this growth is expected to continue in
2011 and 2012, with annual gains of 15.1% and 9.8%, respectively."

I hate to use business profits as a measure of economic health. Unfortunately much of this article is based upon business health, and not average American economic health. Overall, it shows an increase in GDP and a drop in unemployment through 2013. How is this a problem?