Thursday, February 9, 2012

Six Months of Job Losses, Now Wisconsin's budget is out of balance

Hey Wisconsin How's That Walker Thingy Workin' Out For Ya?

MADISON — Wisconsin’s state budget condition has worsened to the point that Gov. Scott Walker and possibly the Legislature will need to take emergency steps to avoid being out of balance. The nonpartisan Legislative Fiscal Bureau on Thursday released the new projections that show the two-year budget will be $143 million short of balancing by July 2013. That’s bad news for Walker, who faces a drive to recall him from office based largely around criticisms of choices he made in the two-year state budget passed last year. Four Republican state senators, along with Walker’s lieutenant governor, also face potential recall elections this summer. The budget news also comes in the wake of six straight months of job losses in Wisconsin.

update: It Gets Worse: Wisconsin continues to bleed jobs while the rest of the nation adds jobs.
According to the new report by the Bureau of Labor Statistics, Wisconsin was far-and-away the leader in the nation in jobs loss, losing some 24,000 jobs in a period where the rest of the nation has been ADDING jobs. "For all Scott Walker's dog-and-pony shows on jobs, the fact is that Wisconsin leads the nation in job loss under Walker's failed leadership.

He claimed that jobs were his signature issue and, by that standard, he has failed spectacularly, salting the earth for Wisconsin's middle class in his inept and criminally corrupt administration," Democratic Party of Wisconsin Chair Mike Tate said Wednesday. "Scott Walker's self-regard is legendary, but even he must understand the shame.

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