State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.
Pummeled in the press daily for its massive fiscal dilemma, the state suffered from a host of economic setbacks: loss of state revenues, huge budget gaps, increasing unemployment, high rates of foreclosures, and questionable fiscal management policies.
The state, of course, is
Analysts at the
Legislators also failed to put money in reserve before the recession hit."
The conclusion is correct.
Immediately following the signing of the 2009-11 state budget, Governor Doyle bragged in his defense of the most irresponsible budget in state history that it was completed on time. It was far more important to get it done right, and this budget failed in every way imaginable. It taxed, spent, and borrowed too much, and was just loaded with pork and non-fiscal policy.
The ink from Governor Doyle's pen wasn't even dry, and the budget he signed created a deficit of $2.049 billion in the 2011-2013 state budget according to the Legislative Fiscal Bureau (LFB). The yet-to-be addressed 2011-2013 state budget has a structural deficit of over $2 billion meaning projected revenues will not be anywhere near enough to cover committed costs in the next state budget. Under the 2009-2011 state budget, property taxes on a median-valued
Compared to the $62.2 billion in spending from all sources that he approved, the governor vetoed about $10 million, or less than 0.02 percent according to the Wisconsin Taxpayers Alliance. That translates to yet another missed opportunity for fiscal responsibility leading to a budget that inflicts astounding fiscal damage, a vicious assault on taxpayers.
If you believe the mainstream media and some economists, the December 2007 recession is over. When it does officially expire,
Dennis Winters of the Office of Economic Advisors in the Wisconsin Department of Workforce Development predicts
Before businesses start hiring new workers, they will first increase hours and overtime. Only when they believe demand has increased will they add to the workforce. The brain drain will expand as