Thursday, January 29, 2015

Republican Gov. Scott Walker seeks $300 million in university cuts, but $220 million to build a new sports arena

Meanwhile, the rich doors who fund people like Walker, ask for and receive large numbers of H1-B visas to import cheap workers from other countries because they claim they can't get enough qualified workers who are citizens. At the same time as they will not hire qualified older workers.

Jan. 28, 2014
01/28/15 06:43 PM—Updated 01/29/15
By David Taintor

Wisconsin Gov. Scott Walker [a Republican], a potential 2016 GOP contender who never earned a college degree, has proposed a huge cut in funding for the University of Wisconsin system over the next two years.

Walker’s office pitched the plan, which is part of the governor’s budget proposal, boasting it would give the university system more discretion over its finances. But it also carries a $300 million cut and a tuition freeze for the UW system over two years. That amounts to a 13% decrease of state funding for the university system, according to the Milwaukee Journal Sentinel.


Walker’s budget, including the cuts to the UW system, must be approved by the Wisconsin Legislature, where Republicans hold a majority in both the state Senate and Assembly.



Gov. Scott Walker today released details of his plans to cut $300 million from the UW System while providing it more autonomy and to borrow $220 million to help fund a new Bucks arena in Milwaukee.

Walker, who is set to release his state budget one week from today, said his plans will provide the UW System more flexibility going forward. He also stressed his plan for the Bucks would not use current tax revenues to pay back the $220 million in bonds that would help pay for the new arena. Instead, growth in taxes on the salaries of Bucks players and personnel in future years would go toward the bonds.

[This is the kind of accounting the Republicans in Congress are trying to push, assume their bills will cause increased growth that will pay for them, even if it has not worked in the past.]

[If this is such a financially good investment, why does it need the state to guarantee it. Why aren't private investors bidding for the right to do this? They will buy the bonds, and if arena doesn't pay for itself, they will be paid by the tax payers of Wisconsin.]


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