Tuesday, March 1, 2011

Wisconsin Governor to Democrats: Come back or else I'm laying off 1500 people.

Governor Walker wants to save money today, about $165M according to his number crunchers.  Here's the key however: he's actually passing the buck down the road by restructuring debt so that the government can save money under HIM, but costing future governors $42M.

Now, I can understand that paying debt at a future point when the economy is good, makes perfect sense, but by doing so, isn't passing the buck down the road exactly the opposite of what fiscally responsible Republicans have been arguing for, all this time?  This is precisely what liberal economists have been arguing for: paying down debts in the future when the economy is good, so that you don't need to cut as much when the economy is bad.  It sure seems like typical political hypocrisy for Republicans to argue for passing the buck down the line, a decade!

And we already know that he's planning for over 5,000 layoffs, anyway.  Those 1500 he's threatening to lay off starting next week, are the same employees out of the group of 5000 that he's planning to cut a few months down the line when they get their next biennium budget passed.

So what's the incentive for Democrats to go back to allow for a quorum, allowing Republicans to strip collective bargaining from public unions, the same unions that have already conceded pension cuts and increases in health care shared costs?

Finally, the government can restructure any time it wants to in the future with a new debt offering to retire the older debt.  If Walker goes through with his 1500 layoffs, he could rehire them as soon as the older debt was restructured, right?  Ah, but since he was going to permanently lay off 5000 people in the next biennium budget, his cost savings in this current fiscal year are moot, because he'll just apply any restructuring savings along to the next biennium AND still make his cuts.

You get the picture?  He's playing a shell game with his rhetoric.

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