I have plenty of gripes about politicians. Probably my biggest issue is their widespread inability to live within their means… that is, create a budget that works based upon the tax dollars coming in. Less money coming in means that less money should be spent. It’s not a highly complicated concept. It’s just basic math.
Wisconsin Governor Jim Doyle is upset. The budget is out of whack. (Go figure!) The government is spending money faster than it is coming in, and Doyle wants someone to fix it. (And remember… he’s already raided funds set aside for certain purposes to pay for the general budget. He can only do that so many times before those segregated funds are all used up.)
The current two-year budget looks like it’s going to go bust because tax collections will fall $652 million short of what was projected. And somehow, by August, we will be cash flow negative to the tune of $1.25 billion. Doyle says that unless someone finds him some money, he’s going to decrease payments to municipalities and school districts.