- Jan 27, 2014
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http://www.bloomberg.com/politics/a...s-to-make-up-for-walker-s-tax-cuts?cmpid=yhoo
Silly liberal media! They are just restructuring! It's OK,.. not like this 'delay' will cost more mon,..
Remember - if anyone else skips payment on money owed, they are TV/iPhone buying, tattoo getting and drug using scum of society that just want a free ride.
When a conservative politician does this - they are flexing some fiscal responsibility muscle.
Wisconsin Governor Scott Walker, facing a $283 million deficit that needs to be closed by the end of June, will skip more than $100 million in debt payments to balance the books thrown into disarray by his tax cuts.
Delaying the $108 million principal payment due in May on short-term debt would free funds. The move doesn’t require legislative approval, the nonpartisan Legislative Fiscal Bureau said in a Feb. 13 memorandum. The terms of the debt sale allow Wisconsin to defer the payment in any given year, a procedure known as a restructuring, without defaulting.
Silly liberal media! They are just restructuring! It's OK,.. not like this 'delay' will cost more mon,..
Walker’s plan would increase debt-service bills by $545,000 in the next budget year, which starts July 1, and by $18.7 million in the one after that.
Remember - if anyone else skips payment on money owed, they are TV/iPhone buying, tattoo getting and drug using scum of society that just want a free ride.
When a conservative politician does this - they are flexing some fiscal responsibility muscle.
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