In the last two months, Governor Scott Walker of Wisconsin took a stand against deficits and the thuggish tactics of the public sector unions. He has kept the long view on both and appears, by fiscal accounts, to be winning.
The unions went all in against Scott Walker and the Republicans in Wisconsin in the past two months. First they paralyzed state government while Democrats fled the Senate, and when that failed to derail public-employee union reform, they spent a fortune trying to unseat a conservative justice on the Supreme Court in what normally would have been a sleepy election. That effort failed as well, and the unions are about out of plays for the next eighteen months.
Walker has played long ball, however, and his economic policies got a major boost yesterday from the state’s budget office. His new budget will keep property taxes from rising more than 1% each of the next two years, and his proposal has all but eliminated the state’s deficit:
The property tax bill on the typical Wisconsin home would rise by less than 1% annually over the next two years under Gov. Scott Walker’s proposed budget, the Legislature’s nonpartisan budget office reported Friday.
The Legislative Fiscal Bureau also said Walker’s plan would put the state’s finances in the best shape they’ve been in for more than 15 years.
It found the so-called structural deficit – the imbalance between spending and tax revenue as laid out in state law – for the 2013-’15 budget would be $31 million. That assumes Walker’s budget passes the Legislature without new spending increases or tax cuts that would add to the deficit.
Under its existing form, Walker’s budget leaves the state with a fraction of the structural deficits seen in the past eight budget cycles. The next lowest structural deficit in recent years was $1.5 billion, or 48 times as much as what Walker’s proposing.
Democrats have run states like Wisconsin into the ground. It appears that the new sheriff in town is doing what he was elected to do and cleaning up the mess in Wisconsin.
Keep up the good work, Governor Walker. You have exhibited, thus far, the epitome of political courage.
Filed under: 2010 Mid-Term Elections, Barack HUSSEIN Obama, Collectivism, Daily Headlines, Economy, Education, Entitlements, Liberalism, Morality/Character, Nutroots, Politics, Progressives Ain't, Refreshing News, Socialism, Taxes, Tea Party, Union Thugs, Voter fraud | Tagged: budget, deficit, Governor Walker, no tax increases, public-sector unions, Scott Walker, Union Thugs, Wisconsin |