No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Archive for May 12th, 2009

I hear $6.6 billion – do I hear $7 billion?

by @ 16:44. Filed under Politics - Wisconsin, Taxes.

(H/T – WisPolitics via Charlie Sykes)

The Legislative Fiscal Bureau released some new tax projection numbers yesterday, and despite (or is it because of?) $1.4 billion in new taxes in Wisconsin’s budget repair Porkulus out to the end of June 2011 (the end of the FY2011 year), the projected tax take of Wisconsin is expected to be $1.603 billion less than it was estimated to be in January. In a state where the 3-year tax take was originally estimated to be $37.691 billion, that’s a rather big haircut, to the tune of 4.25%.

So, what are the politicians and AFSCME doing in the face of losing all that revenue? I’m glad you asked. WLUK-TV in Green Bay is reporting (H/T – Fred over at the MacIver Institute) the unions are balking at a proposal asking them to forego a 2% pay hike. To compare, the entity that the Legislative Fiscal Bureau used in their estimate, IHS Global Insight, estimated that personal income would drop by 0.8% this year, and climb by only 1.8% next year.

I guess they’re counting on the Obama administration doing to Wisconsin what it is doing to California. It has threatened $6.8 billion of stimulus Porkulus money slated for California unless it reverses $74 million of scheduled reductions of subsidized pay for unionized health care workers.

Meanwhile, the first order of business for the Dems on the Joint Finance Committee was to increase the number of revenuers. I guess they haven’t heard of that it’s impossible to get blood out of a dehydrated turnip.

Drill here, drill now Tuesdays – 5/12/2009 (and a new NRE poll)

The original concept started with Jessi Olson back when oil was at $140/barrel and gasoline was over $4/gallon

Even though the economy shows very few signs of restarting, the price of oil is back up over $60/barrel after hitting a low of nearly $35/barrel, and gasoline in Milwaukee is already tickling $2.60/gallon after a couple months of being well below $2/gallon. Somehow, I don’t think it’s a coincidence that in that time frame, the Democrats in Congress and the Obama administration have restored every last roadblock to oil exploration and exploitation that resulted in the record prices last summer.

With that in mind, I’ve started up a new poll. It’s rather simple – when will gas prices in Milwaukee lead with a “1” again?

When will the number 1 once again lead the price of regular unleaded gasoline in Milwaukee?

Up to 1 answer(s) was/were allowed

  • When it climbs above $9.99/gallon. (75%, 66 Vote(s))
  • When it dips below $2.00/gallon. (25%, 22 Vote(s))

Total Voters: 88

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Second Tuesday of the month alert

This is the Emergency Blogging System. It has been activated once again because it is the second Tuesday of the month.

It’s time for the May edition of Drinking Right. Other than the fact that it’s May, all of the particulars remain the same. Drinking Right will be at Papa’s Social Club, 7718 W. Burleigh in Milwaukee at 7 pm. Come on down, drink a few drinks, eat some pizza, and enjoy what is expected to be the last night before the countdown to a “smoke-free” (unless you’re at an Indian casino) Wisconsin officially starts.

For those of you who are “American Idol” fans, Dickie even runs that on the bar TVs, so you can’t use that as an excuse.

This concludes this activation of the Emergency Blogging System.

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