TV ads endlessly repeat that Governor Walker balanced the budget without raising taxes. Any budget can appear balanced on paper if you restructure the debt, debt refinance, or in the common home owner terms refinance your mortgage for perhaps 15 years instead of your current 7 or 8 years.
The Walker Administration borrowed $558 million to balance the budget for this past year and a half which nearly matched the full amount borrowed by the Doyle administration over the entire 7 years combined. This report also shows Wisconsinites will pay another $55 million in yearly interest through 2018 before that rate drops slightly.
Middle class workers will have to pay this extra interest money out of their working salaries while corporate donors like Ms. Diane Hendricks of Janesville’s ABC Supply Co. paid no corporate income taxes for 2005 through 2008. Yet, she was able to donate $510,000 to Walker’s Recall Campaign.
Tom Barrett and Mahlon Mitchell will stand by middle class workers, bringing us together where we all pay our fair share for the services and interest payments in the state’s budget instead of the divide and conquer leadership style that we’ve had under the Walker Administration.
Ron Kroeger, Minocqua