2010-02-17

We're Number 1

The state contoller recently released the annual financial statements of Wisconsin for the year ended June 30, 2009. This report is based on generally accepted accounting principles(GAAP), not on the accounting gimmicks used by our state legislators and governor to "balance" the budget. The financial statements reflected a budget deficit of $2.7 billion. How does that compare to other states?

Much has been written about the state of California budget woes. California can not hold a candle to the budget deficit that our state government has created, when viewed on the basis of per capita deficit. We can now claim the dubious distinction of having the worst per capita deficit in the nation! Our per capita deficit of $445 comapres to "only" $113 for California.

It is time for our state government to operate at levels that our citizens can support. It is time to stop the deficit spending!