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<blockquote data-quote="bottomups" data-source="post: 1535871" data-attributes="member: 29452"><p><span style="font-size: 15px"><strong>Gov. Walker skipping $100 million state debt payment to balance budget</strong></span></p><p><em>Posted: Feb 17, 2015 9:43 AM CSTUpdated: Feb 17, 2015 9:43 AM CST</em><a href="http://wkow.images.worldnow.com/images/6747704_G.jpg" target="_blank"><img src="http://wkow.images.worldnow.com/images/6747704_G.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a></p><p>MADISON (WKOW) -- Wisconsin Governor Scott Walker's budget proposal calls for skipping $100 million in debt payments this Spring to put that money towards the state budget shortfall. The Milwaukee Journal Sentinel reported that Tuesday, based on review of a memo from the nonpartisan Legislative Fiscal Bureau that discussed the plan.</p><p></p><p>The move would lead to higher principal and interest payments for the state of Wisconsin in the coming years. </p><p></p><p>The tactic has been used by Democratic and Republican governors in the past as a short-term budget-balancing move. Since 2011, more than $1.5 billion such payments have been delayed.</p><p></p><p>Delaying the $108 million payment helps avoid the need for a special bill in the Legislature to balance the budget that ends on June 30.</p><p></p><p>Republicans. The party of borrow and spend.</p><p>Wisconsin has a republican governor, senate & legislature yet they can't seem to balance our own budget.</p><p>The conservatives newest boy wonder refuses to make the hard choices and instead kicks our debt down the road just like the national budget.</p></blockquote><p></p>
[QUOTE="bottomups, post: 1535871, member: 29452"] [SIZE=4][B]Gov. Walker skipping $100 million state debt payment to balance budget[/B][/SIZE] [I]Posted: Feb 17, 2015 9:43 AM CSTUpdated: Feb 17, 2015 9:43 AM CST[/I][URL='http://wkow.images.worldnow.com/images/6747704_G.jpg'][IMG]http://wkow.images.worldnow.com/images/6747704_G.jpg[/IMG][/URL] MADISON (WKOW) -- Wisconsin Governor Scott Walker's budget proposal calls for skipping $100 million in debt payments this Spring to put that money towards the state budget shortfall. The Milwaukee Journal Sentinel reported that Tuesday, based on review of a memo from the nonpartisan Legislative Fiscal Bureau that discussed the plan. The move would lead to higher principal and interest payments for the state of Wisconsin in the coming years. The tactic has been used by Democratic and Republican governors in the past as a short-term budget-balancing move. Since 2011, more than $1.5 billion such payments have been delayed. Delaying the $108 million payment helps avoid the need for a special bill in the Legislature to balance the budget that ends on June 30. Republicans. The party of borrow and spend. Wisconsin has a republican governor, senate & legislature yet they can't seem to balance our own budget. The conservatives newest boy wonder refuses to make the hard choices and instead kicks our debt down the road just like the national budget. [/QUOTE]
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