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| Tips and Deals ---- 'Friendly' Political Ranting |
| When given a choice... Posted by: swampy
Date: June 03, 2012 11:39AM
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| Re: When given a choice... Posted by: cbelt3
Date: June 03, 2012 11:47AM
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| Re: When given a choice... Posted by: Acer
Date: June 03, 2012 12:50PM
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| Re: When given a choice... Posted by: john dough
Date: June 03, 2012 12:52PM
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| Re: When given a choice... Posted by: swampy
Date: June 03, 2012 12:59PM
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| Re: When given a choice... Posted by: DaveS
Date: June 03, 2012 01:30PM
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| Re: When given a choice... Posted by: $tevie
Date: June 03, 2012 02:48PM
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[factcheck.org]Quote
Partial Truth: “We wiped out a $3.6 billion deficit.” — Walker in a campaign ad.
What’s Left Out: That’s true if you use the cash accounting method. However, using Generally Accepted Accounting Principles (GAAP) accrual accounting methods, there is a $3 billion deficit in Wisconsin’s budget in each of the next two years. While it’s perfectly legitimate for Walker to cite the cash accounting figure, that may confuse some folks who may remember that Walker used the GAAP figures to argue for cuts in state health programs.
[www.wisconsinbudgetproject.org]Quote
The Wisconsin Constitution requires that the state pass a balanced budget, where estimated revenues are equal to or greater than estimated spending. By this definition, the state budget is in balance.
Even with a balanced budget, Wisconsin has a structural deficit. A structural deficit occurs when ongoing revenues are less than ongoing spending. The structural deficit represents the gap between the amount of revenue raised and the amount of money needed to continue existing programs.
[www.wisconsinreporter.com]Quote
A report from the nonpartisan Legislative Fiscal Bureau indicated that Wisconsin is projected to have a $53 million deficit at the end of fiscal 2012, which concludes June 30, and a $208 million deficit at the end of fiscal 2013, due largely to lower-than-expected tax revenue.
Even if the state’s general fund — which covers most state expenses — was statutorily balanced, the state’s Generally Accepted Accounting Principles deficit, or GAAP, measuring beyond the general fund, is running between $2.5 billion and $3 billion, said Dale Knapp, research director of WISTAX, a private government research nonprofit.
[www.politifact.com]Quote
Walker’s ad says there are 33,200 more jobs in Wisconsin since he took office.
To reach the number, he combined two data sets -- one that involves unofficial (but generally more accurate) numbers that could change in the weeks after the election; the other is volatile, but still official monthly numbers. From an accounting standpoint this would be flagged as a mistake. From a political standpoint, he is mixing and matching to present the best possible view.
Walker presents it all as final and official, offering no cautionary notes or caveats -- even though there are many.
And Walker credits his policies for the improvement, which overstates the impact a governor can make on broad economic trends in a short period of time.
There is clearly some truth to the numbers. But in mixing everything together and not making it clear these numbers are preliminary, Walker ignores critical facts that would give a different impression.
That is our definition for Mostly False.
| Re: When given a choice... Posted by: Acer
Date: June 03, 2012 05:08PM
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| Re: When given a choice... Posted by: swampy
Date: June 03, 2012 05:24PM
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| Re: When given a choice... Posted by: Grateful11
Date: June 03, 2012 05:29PM
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| Re: When given a choice... Posted by: Dennis S
Date: June 03, 2012 05:31PM
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| Re: When given a choice... Posted by: $tevie
Date: June 03, 2012 05:35PM
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| Re: When given a choice... Posted by: Pam
Date: June 03, 2012 06:30PM
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Quote
swampy
So, what progress has Obama made in 3.5 years to reduce the jobless rate, balance the national budget and begin to control spending? Walker has had less time and made more progress towards these ends than Obama has. So Walker busted some union chops in doing. Is that your biggest concern? He didn't say it was going to be easy. And what's wrong with state workers paying a little more for their share of health care and retirement? They still pay far less than the private sector workers and for some it is a wash by paying more for these and no longer paying union dues.
| Re: When given a choice... Posted by: Acer
Date: June 03, 2012 06:35PM
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| Re: When given a choice... Posted by: Sam3
Date: June 03, 2012 07:11PM
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| Re: When given a choice... Posted by: Black
Date: June 03, 2012 07:24PM
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Quote
Pam
Quote
swampy
So, what progress has Obama made in 3.5 years to reduce the jobless rate, balance the national budget and begin to control spending? Walker has had less time and made more progress towards these ends than Obama has. So Walker busted some union chops in doing. Is that your biggest concern? He didn't say it was going to be easy. And what's wrong with state workers paying a little more for their share of health care and retirement? They still pay far less than the private sector workers and for some it is a wash by paying more for these and no longer paying union dues.
He's made good progress. The Republican house has greatly stymied his efforts however. But we haven't turned into Greece, which is what would happen if the Republicans followed through with their campaign promises. I used to not worry about that happening as what you say you'll do to get elected is different from what actually happens. Saner heads prevail. However, with the moderate Republicans being replaced with idiot tea party types or morons in general, it's a real threat. If you balance the national budget right now, before the economy is solid, this country will go down the tubes fast. Unemployment will rise exponentially. You do not cut back on deferral spending when you have a sluggish economy. That has been proven over and over again.
| Re: When given a choice... Posted by: Lux Interior
Date: June 04, 2012 02:35AM
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