jb
/ 82.210.148.* / 2010-07-20 23:46
Well here in Wisconsin, we are labeled as one of the top 10 States headed for serious trouble. Right up there with California. Our $4.5 billion dollar budget deficit for 2009, was only offset by $700 million in tax increases, some State government employee cuts, & $2.5 billion in federal stimulus. We still ran a deficit. Under our 2 year budget plans, & without another $2.5 billion in federal money, we face some serious tax increases, or some serious cutbacks.
note: Wisconsin has 1/7th California's population, so a $4.5 billion dollar deficit, if equvilent to $31.5B.
In my opinion, the federal money, only put off the inevitable cuts needed to State expenditures. Our democratic controled governor & state house & senate have raised corporate taxes to the point, where businesses are leaving this state in droves. Even Harley is considering leaving.
Where do democrats believe that by raising taxes on businesses, are going to promote private industry's will to remain in a State, when other States are promoting tax incentives, ready & willing to gobble them up? So not only are States competing in a Worldwide enviroment, lets face it, there is stiff computition amonst States themselves.
To top off a already bad situation, Wisconsin has one of the most generous State employee benifit packages in the Nation. Many teachers, policemen , firemen, & other State employees retire at age 53-55, then move out of state to like florida (zero state income tax & lower property taxes), so that money no longer flows through the Wisconsin economy. If they live to 85, Wisconsin's taxpayers are on the dole to them for 30 years.
This State needs to put State & City officials & workers on a 401 system like the private sector, where they pay a portion of retirement, & once retired, the payments cease. The federal government needs to be on the same type of plan, including government officials.
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Jak widac kryzys ich niczego nie nauczył i nadal politycy dbają tylko o chwilowe poparcie nawet jak kostem jest rujnowanie stanu.