tag:blogger.com,1999:blog-3426800777521979578.post6661127916268761793..comments2024-02-20T19:58:27.733-06:00Comments on Jake's Wisconsin Funhouse: $101 mil in unpaid debt = Wisconsin budget even more messed up than I thoughtUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3426800777521979578.post-75383857642805769242016-05-12T11:49:38.029-05:002016-05-12T11:49:38.029-05:00Thanks Chuck, great post yesterday showing how abs...Thanks Chuck, great post yesterday showing how absurd Walker's claims were on "high-paid faculty." I especially like how the 2.8-to-1 fac/studrnt ratio is based on independent study.<br /><br /> Geoff- There is no doubt that the setup is there for more cuts in 2017-19. What's odd is that half of this year's lapses are apparently from a thing where pension bonds have $388 mil set aside and $376 mil of it are supposed to be unspent and lapsed (Thanks Emily!).<br /><br /> The problem? That lapse won't likely repeat in 2017-18 or 18-19, but it's built into the structural budget. Uh ohJake formerly of the LPhttps://www.blogger.com/profile/15660401299391001751noreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-35033239818045683782016-05-12T11:13:53.073-05:002016-05-12T11:13:53.073-05:00That's one reason, but the main one was buildi...That's one reason, but the main one was building in an unprecedented $716 million of lapses into FY17 so as to: (a) defer the time of reckoning so the media doesn't make the obvious link between the tax cut binge (particularly of 2014) and financial woes; and (b) create a vast structural deficit to "fix" next year with ideological cuts for 2017-19.GeoffThttps://www.blogger.com/profile/17317722272565026078noreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-22569737776084704582016-05-12T10:56:25.553-05:002016-05-12T10:56:25.553-05:00As always, you're the best. If I could read th...As always, you're the best. If I could read the tea leaves, this is also the reason for the increased volume of "Faculty!" from Walker, et al. They know another huge UW hit is coming (among other hits) and need to start lining up scapegoats now.chuckhttp://chuckrybak.comnoreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-29139004356998677332016-05-11T07:09:42.142-05:002016-05-11T07:09:42.142-05:00Kansas here we come. It would be nice if the Wisco...Kansas here we come. It would be nice if the Wisconsin media would start pointing out the reality of the path we're on. Anonymousnoreply@blogger.com