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Scott Walker's balanced budget not so balanced. OOOPPSS!!

Scott Walker's balanced budget needs more money to be
balanced, but instead of admitting he needs new revenue sources to fix
the gap, Mr. Walker is going to steal from the mortgage settlement to
fix his problem.


Scott Walker doesn't want to admit his balanced
budget is a dud, or that his balanced budget really isn't balanced. He
doesn't really have to do that, he can just steal money meant to help
the victims of the mortgage crisis, and all he had to do was ask his
Republican friend in the Attorney Generals Office to help him. With the
help of the Attorney General Office, Scott Walker is going to take to
$26 million from the mortgage settlement to help balance the Wisconsin's
budget.

Scott Walker the "CEO of Wisconsin" didn't use Generally Accepted
Accounting Practices, or otherwise known as GAAP to balance the budget.
If Scott Walker did use GAAP on his first budget as governor, his
balanced budget wouldn't be called "balanced." Mr. Walker http://www.scottwalker.org/issues/government-reform" rel="nofollow" target="_blank">promised
to use GAAP to balance the state budget, but that was just a campaign
promise, and nothing more. We can't expect Mr. Walker to keep a campaign
promise, because, as we all know, he learned to do the right thing from
his preacher father, and keeping your promises is something the Bible
doesn't mention.




Mr. Walker did balance the budget using the cash accounting method. This
is the method used by small businesses because it is very basic, money
comes in and money goes out, and don't have to account future debts, not
until they are due. The IRS doesn't
allow business with gross receipts of more than five million dollars to
use this method. So, if Scott Walker is going to claim that people
elected him to be the CEO of the state, like he did in his CPAC speech
on February 10, maybe he should hold himself to the rules of CEOs and
use GAAP to balance his budget, and give the people of Wisconsin a more
honest look at their financial numbers.


The "CEO of Wisconsin" won't use GAAP to balance the budget when he can
steal money meant for victims of the mortgage mess. He can use this
money to justify his tax cuts to the "Job Creators" in Wisconsin. Sure,
he isn't stealing for the poor or from the victims directly, he is just
taking the money that his meant to help all the victims. It isn't like
the money was meant to help only the poor people that faced foreclosure.
The money was meant to help states balance their budgets, because
states have suffered greatly from banks giving them loans they shouldn't
have received and then using shady practices to foreclose on them. It
was the states that didn't have a voice in this whole mortgage mess, and
it is a good thing the states are getting money to fix their financial
problems caused by the mortgage mess and not blind allegiances to
political doctrine. We all know government knows the best way to use
this money, and government might create jobs if given this money because
they are likely to spend it locally.

I am sure Scott Walker is going to put the money to good use. He has a
track record of that. He used tax payer money to pass a voter id bill
that cost $5.7 million and that carry conceal law that cost about $3 million for two years. These are great examples of money well spent by a man aiming for limited government.

As "CEO of Wisconsin," Scott Walker might look good to his wealthy
Republican donors that have wet dreams of sticking it to the poor and
working class, but to the poor and middle class, he is just another bad
dream. If the poor and middle class had a voice, they would fire their
CEO and look for a competent replacement. They would fire their CEO
based on the facts that they were lied to about a balanced budget that
used shady accounting practices, that even their CEO said was shady.

A real CEO that acted like Scott Walker would also spend time in jail
for cooking the books and lying to shareholders (taxpayers) about the
financial well being of the corporation(state).

It is also too bad the real "CEO of Wisconsin" didn't learn about
Reagan needing to raise taxes and all that magical revenue created by
tax cuts wasn't enough to keep the country out of debt. The "CEO of
Wisconsin" should just keep using the propaganda model to make unions
look evil and people forget things weren't that bad before he became
governor, because telling the truth is something his pastor father never
taught him.

Read more: http://www.digitaljournal.com/article/319583#ixzz1mVc8QUZt


Added: Feb-15-2012 Occurred On: Feb-15-2012
By: dirwulf
In:
Other
Tags: Scott, Walker, Balanced, Budget, Not, Mortgages, Fraud, Wisconsin
Location: United States (load item map)
Views: 4456 | Comments: 9 | Votes: 1 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 1
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  • Comment of user 'gyco' has been deleted by author (after account deletion)!
  • Actually States get a lot of their revenue through property taxes, foreclosed/vacant homes do not generate property tax. So the state is justified in using some of the money, the state was affected.

    Posted Feb-15-2012 By 

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    • @Nothingisfree Guess what they did...They jacked them up in most states during the housing bubble and haven't reaccessed them since. Makes mine almost 2.5k a year

      Posted Feb-16-2012 By 

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    • @absu69

      Fewer homes occupied and paying taxes so more taxes needed from each home I guess. Pretty shitty deal. I guess maybe forcing banks to give loans to people who could not pay them back was not a good policy.

      Posted Feb-16-2012 By 

      (0) | Report

  • His type always fail, let's hope he can buck the trend.

    Posted Feb-15-2012 By 

    (0) | Report

  • One fact the idiot leftist fail to understand, Walker did not create the deficit.

    Before Scott Walker was ever elected Governor, the Democrat controlled State Legislature and Democrat Governor passed a $3 BILLION + spending bill, with less than 24 hours of debate and in violation of our State Constitution. Our State budgets run for two years, so what the Democrats did was to spend the $3 billion during the 2009-2010 budget, then write an IOU to the 2011-2012 budget. Thus, when the new Gover More..

    Posted Feb-16-2012 By 

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  • Basically the same thing rick Perry did in Texas.

    Posted Feb-16-2012 By 

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  • Looks like he just needs to fire more brainwashed people. Seems like they still do not get it.

    Posted Feb-16-2012 By 

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