Gov. Walker: Budgeting for the Next Generation

Scott Walker: Heading into the next budget we are in the unique position of having anticipated surpluses, increased revenue, and projected economic growth.

Each week Gov. Scott Walker delivers his weekly radio address. This week’s radio address is titled Budgeting for the Next Generation. Here is the transcript:

Hi, this is Scott Walker.

Last week, the Department of Administration released revenue projections and provided an update on the current state budget.  The State of Wisconsin is projected to start fiscal year 2013 with a $342.1 million balance, which is the largest opening balance since fiscal year 2001. 

On top of the positive opening balance, we are projected to deposit $125 million into the state’s rainy day fund.  For the first time in history, Wisconsin will deposit funds into the rainy day fund in two consecutive fiscal years. 

Heading into the next budget we are in the unique position of having anticipated surpluses, increased revenue, and projected economic growth.  I’m excited about the opportunities we have to build a better Wisconsin for the next generation.   

The state partnered with the Wisconsin Broadcasters Association to produce and distribute brief radio address once a week.  Audio files and a written transcript of this radio address can be accessed on http://www.wi-broadcasters.org and http://walker.wi.gov/Weekly-Radio-Addresses.  To download an mp3 file, you can right click the radio address link and click “save link as.

Greg December 03, 2012 at 01:40 AM
Bren, Where are the inaccuracies?
Bren December 03, 2012 at 01:54 AM
Greg, not sure I understand. I was responding to Steve's comment.
Bren December 03, 2012 at 01:56 AM
Greg, cancelling the Blue Shirt project did not cost $55 million. If you read my post carefully there are a number of errors that add up to that cost. I'll also throw in that Scott Walker left a $45 million deficit when he left the Milwaukee CE's office.
Greg December 03, 2012 at 02:12 AM
Lay out the numbers for me then, my math shows you $50 million off.
Bucky December 03, 2012 at 02:40 AM
As usually Steve , always take the focus off the topic at hand . Thats what you do the best.
Michael McClusky December 03, 2012 at 02:43 AM
I don't think Obama is budgeting for the next generation. Heck, that is someone else's problem.
Bucky December 03, 2012 at 02:47 AM
$28 million taken from our state's portion of the mortgage settlement to shore up a hole in the current budget. And your going to tell me that this guy is not a criminal thug. What a crook !
Bucky December 03, 2012 at 02:49 AM
Greg ... Maybe you get all those figures when you go to vist Scooter in prison.
Steve ® December 03, 2012 at 03:39 AM
Bren we have been here many times and I can tell it will never sink in. The recession was over in June 2009. Bush's last deficit was about 500 billion. Obama is over spending by 1.5 trillion ever year and we have nothing to show for it. This is your boy that ran twice on being able to fix this economy thing. He owns it and this economy sucks. Walker eliminated the state's deficit and is running on a surplus. You guys choose the one that creates more debt. Brilliant decision making.
Luke December 03, 2012 at 04:15 AM
@Bren, So your argument is that Walker is responsible for the CB overriding his veto?
Greg December 03, 2012 at 04:52 AM
$235 million that Doyle stole from the medical malpractice fund had to be paid back. $60 million that Doyle stole from Minnesota had to be paid back. These were not budget items, Governor Walker could not crap the money so the existing debt was restructured to free up money for making the repayments. The money that Doyle misappropriated was costing big interest. The state runs on predictions, it would be foolish to pay on structured debt only to pay large amounts for additional financing if revenue predictions fall short.
Greg December 03, 2012 at 04:55 AM
Hold your breath, Buckhead.
Richard Head December 03, 2012 at 05:06 AM
I have to agree - I don't like this debt restructuring - but they ALL do it. It's because what you consider money - is Fiat issued by the Federal Reserve and as the amount of Fiat increases over time, it's value goes down. Federal reserve notes are pure fiat backed by your beliefs in fairy tales and the demand by government for them in payment for taxes - so you had better value them. Gold, Crude Oil, Corn, etc. are better indicators of true value. The Federal reserve cannot print those - however traders also artificially the actual amount of those commodities by trading them in paper only and creating fractional reserves. There is more gold sold on paper than actually exists - and if all gold contracts were called in - there is not enough physical to settle the contracts. Enjoy the chains of your masters who inflate away the value of your savings. It's how the game is played and why you can never seem to get ahead unless you financially rape your fellow man. It's a dog eat dog World. It's also why Boomers better enjoy TODAY - because what has been promised can't be paid. The truth is that in the future good health will be priceless - and all others will die. In the coming years, the only retirement for Boomers who can't produce or have good health will be pushing up daisies. The demographics say so - and I won't support them any longer. F@#$ your inter-generational wealth transfer schemes.
The Anti-Alinsky December 03, 2012 at 05:15 AM
Bren wrote: "Greg, cancelling the Blue Shirt project did not cost $55 million. If you read my post carefully there are a number of errors that add up to that cost. I'll also throw in that Scott Walker left a $45 million deficit when he left the Milwaukee CE's office." I think Bren is confusing deficit with debt again, Regardless, when Scott Walker was the Milwaukee County Executive, he submitted a balanced budget EVERY YEAR!!! You know the county board modified those budgets extensively, then overrode most of his vetoes. Bren, there is NO WAY you can be that clueless. You are failing at become a master propagandist, although that doesn't stop you from trying.
Greg December 03, 2012 at 05:17 AM
You are probably correct. We are not going to be rewarded for being fiscally responsible, we are probably going to have to pay "our fair share"to bail out irresponsible liberal focks like Illinois.
Luke December 03, 2012 at 12:21 PM
Stop pointing out Bren's inaccuracies.
Luke December 03, 2012 at 12:41 PM
The Dems know that certain aspects of their plan are insane, but they need the Republicans to step up and be the parent that takes away the weekly visits to Disney World and all the plans to get latest electronic toys, not to mention candy and pizza for breakfast, lunch and dinner. That way the liberals get to be the "good parent," and the Republicans are the bad parent that doesn't want to load up the credit card and expects fruit and vegetables to be part of every meal.
Michael McClusky December 03, 2012 at 05:27 PM
@Craig I read an in-depth account of a private meeting between Obama and former Federal Reserve Chairman Paul Volcker concerning economic matters. Although Volcker did most of the talking, the meeting was an absolute failure. Volcker said afterwards that Obama seemed too dense to follow the conversation. Basically we are dealing with a president who is just plain incompetent.
Michael McClusky December 03, 2012 at 06:08 PM
@Craig Your assertions are probably somewhat accurate. His use of the words 'fairness' and 'equality' have a bizarre, utopian feel to them. The natural state of unequal outcomes seems to drive Democrats over the edge. I just despise their financial irresponsibility. Dreamers should not be in charge of the nation's finances period.
Bren December 03, 2012 at 08:10 PM
Richard, it's true, "they" all restructure debt. However, Mr. Walker was elected on an opposing platform. When one defeats an opponent by promising radical change and then doesn't deliver, isn't that sort of a bait-n-switch? If Gov. Walker was a Democrat there would be ire from the other side of the aisle for certain. And it would be justified. Walker was elected by people wanting change.
Bren December 03, 2012 at 08:12 PM
Steve, this discussion is about Gov. Walker's budget process. I'll be happy to iterate the explanation about saving the U.S. economy with stimulus spending in a topically-appropriate comment section.
Greg December 03, 2012 at 09:00 PM
What radical change did he promise? If Governor Walker was a Democrat he would be Abele.
Bren December 03, 2012 at 09:18 PM
Greg, promising to balance the budget using GAAP was radical. Promising to create 250,000 new jobs by the end of his first term was radical. Concerning Scott Walker as Democrat, I wasn't trying to profile which part of the Dem tent he might fit under, I was however pointing out that if he were a Democrat, some folks currently apologizing for him might be expressing different views right now. Indulging in idle, unsubstantiated conjecture: If Scott Walker were a Democrat, I suggest he might be precisely the sort of Democrat his "lefty" benefactors would want him to be, based on the agenda he's currently following.
Steve ® December 03, 2012 at 09:39 PM
hahaha yeah ok. ►...spending due to the recession, started before Barack Obama took office...◄ These are your words in this thread, now that I schooled you all of a sudden you're too almighty to respond. You are a joke as usual Bren.
Greg December 03, 2012 at 09:47 PM
What part of the budget was outside of GAAP? I don't hear any apologizing for the Governor, keep wishing.
Greg December 03, 2012 at 10:14 PM
"When one defeats an opponent by promising radical change and then doesn't deliver, isn't that sort of a bait-n-switch?" -GITMO -Cutting the deficit in half -Fixing the economy in three years -Keep unemployment below 8% -Health care would cost $2500 less -Reduce earmarks
Jay Sykes December 03, 2012 at 11:09 PM
Anybody? Got a spare Green Eye-shade Visor to loan Bren? We don't need her getting eyestrain, when figuring out her answer to Greg.
James R Hoffa December 04, 2012 at 12:33 AM
@Luke - Hoffa is loving the photo of the Next Generation crew, although Hoffa prefers Gates McFadden to Diana Muldaur.
FreeThought Troy December 05, 2012 at 04:11 PM
http://dwd.wisconsin.gov/dwd/newsreleases/2012/unemployment/121115_october_state.pdf Gov. Walker has a lot of ground to make up to deliver on the job creation promise. Of course, I thought gov. didn't create jobs? Just sayin'
morninmist December 05, 2012 at 06:25 PM
Walker is wrong about ObamaCare Know Your Care Wisconsin: $34M saved by Wisconsin seniors with Obamacare ow.ly/fQRg7 #wiunion #wiright Average senior who hit donut hole saved $704 due to drug discounts Wausau – 48,331 Wisconsin participants in the Medicare Part D prescription drug program saw their drug costs reduced by $34,006,949 due to the Affordable Care Act (ACA) in the first nine months of 2012, according to new statistics from the U.S. Department of Health and Human Services (HHS). This is an average savings of $704 per participant. In 2011 and 2012 combined, Wisconsin seniors saved $90,729,119. “ObamaCare is saving lives and saving billions of dollars,” said Doug Hill, director of Know Your Care Wisconsin. “The health care law strengthens Medicare, which is critical to seniors’ care. As our population ages, it is even more important to support and maintain Medicare—one of the cornerstones of our country’s safety net.”


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