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Scottie's not paying the bills!!!

:o

To help close the state’s $283 million budget shortfall this year, Wisconsin Governor Scott Walker (R) plans to skip a $108 million debt payment scheduled for May.

By missing the May payment, Walker will incur about $1.1 million in additional interest fees between 2015 and 2017. The $108 million debt will continue to live on the books; Walker’s budget proposal for 2015-2017 will pay down no more than about $18 million of the principal.

“This latest accounting gimmick kicks the can further down the road and will end up costing taxpayers millions more,” State Sen. Jennifer Shilling (D) said in a press release yesterday.

Democrats have been pressuring Walker to address the estimated $283 million shortfall with an emergency budget bill, but he has resisted so far. Restructuring this kind of debt does not require legislative sign-off. Walker may also be forced to make emergency government spending cuts in the next four months to make ends meet.

In March last year, Walker signed a $541 million tax cut for both families and businesses. At that point, Wisconsin was facing a $1 billion budget surplus through June 2015, the Journal Sentinel reported.

By November last year, the administration was estimating a $132 million shortfall. In January, the non-partisan Legislative Fiscal Bureau pegged it at $283 million. The Bureau, which does research for the Wisconsin Legislature, explained that tax collections were $173 million worse than the administration’s own estimates in November

$173 million

Of course Elk's post is a lie, but Obama runs that amount up in 18 minutes, 24 hours a day, 7 days a week.

Scotty is a hotdogger....Ryan was just a part time hotdogger....(yeah, right).... :lol:

Scottette Walkerstein.... :lol:

https://www.youtube.com/watch?v=WBnSv3a6Nh4

I listened to the whole thing waiting for a gotha moment it never came. I'm not hearing anything wrong with what he said, it's exactly what he's said to the public, Walker is an open book and the recorded conversation proves it. What I'd to hear is a recorded private conversation of Barack or Hillary.

RealJustme wrote:

$173 million

Of course Elk's post is a lie, but Obama runs that amount up in 18 minutes, 24 hours a day, 7 days a week.

Obama finds a way to get the bills paid...ON TIME!!!

:lol: :lol: :lol: :lol: :lol:

RealJustme wrote:I listened to the whole thing waiting for a gotha moment it never came. I'm not hearing anything wrong with what he said, it's exactly what he's said to the public, Walker is an open book and the recorded conversation proves it. What I'd to hear is a recorded private conversation of Barack or Hillary.

Justme do you have a mortgage?

If you do, tell me what happens if you tell them the payment will be...delayed???

LMAO

:mrgreen:

If you do, tell me what happens if you tell them the payment will be...delayed???

Spoken like a true liberal, how the hell would I know, I also pay my bills on time, so tell us Clown, what happens?

RealJustme wrote:

If you do, tell me what happens if you tell them the payment will be...delayed???

Spoken like a true liberal, how the hell would I know, I also pay my bills on time, so tell us Clown, what happens?

So Walker is a true liberal?

Conservatives are defaulting on their debt...

Oddly, Clownslacker's real name is Mortimer Gage.

Friends (if he had any) would call him "Mort."

Forbestardian will be demanding Walker's educational credentials any minute now...

It doesn't take a college diploma to pay your bill(s) on time...does it???

:lol:

Pay attention, Elkin.

I own, inter alia, muni bonds and my view is that it is shortsighted not to make payments because, obviously, it affects the ability to get future credit (and the cost thereof) down the road.

Come on Forbestard, what you think will happen to the average slob if they decide to call the mortgage company and they tell them the mortgage check will be............delayed???

:lol:

Elkin, how dumb are you?

If you read my post above, you'll see that I agree about debt.

johnforbes wrote:Elkin, how dumb are you?

If you read my post above, you'll see that I agree about debt.

So it's OK to default?

:roll:

Elkin, for the second time, go back and read what I wrote above.

It is extremely shortsighted not to make such payments because it affects not only the ability to get future credit but the cost thereof.

Also, it is the wrong thing to do. I have never paid a bill late in my lifetime.