Gov. Scott Walker faces campaign finance law violations

[Riot]

IOKIYAR

Gov. Walker Accused Of Over 1,000 Violations Of Campaign Finance Law, Could Face $557,500 Fine

http://thinkprogress.org/justice/201...ion/?mobile=nc

[dellinger63]

Wisconsin has had a fiscally conservative Governor for only a short time and he has proven what some good ole common sense can do and save. Local School Districts pre Walker were unable to ‘shop’ their medical insurance. It was provided by a Union affiliate. School Districts realized post Walker when they ‘shopped’ they were each being overcharged by millions. In fact several school districts were able to add teachers with the money saved by switching providers. Unfortunately, The City of Milwaukee signed a long-term contract prior to Walker’s inauguration, is still getting overcharged and is still far below the State average in test scores in fact they’re near or at the bottom. Bravo Scott Walker and Wisconsin property taxpayers. Sorry City of Milwaukee.

BTW Just saw this week IL ranked 50th in credit rating among States. Quite the year after a 33% personal income tax raise, the refusal of slots at racetracks, and the last Governor being sentenced to prison for 12 years.

Catty on.

[Riot]

Originally Posted by dellinger63

Wisconsin has had a fiscally conservative Governor for only a short time and he has proven what some good ole common sense can do and save. Local School Districts pre Walker were unable to ‘shop’ their medical insurance. It was provided by a Union affiliate. School Districts realized post Walker when they ‘shopped’ they were each being overcharged by millions. In fact several school districts were able to add teachers with the money saved by switching providers. Unfortunately, The City of Milwaukee signed a long-term contract prior to Walker’s inauguration, is still getting overcharged and is still far below the State average in test scores in fact they’re near or at the bottom. Bravo Scott Walker and Wisconsin property taxpayers. Sorry City of Milwaukee.

BTW Just saw this week IL ranked 50th in credit rating among States. Quite the year after a 33% personal income tax raise, the refusal of slots at racetracks, and the last Governor being sentenced to prison for 12 years.

Catty on.

Five straight months of job loss in the state. Massive public sector layoffs. Frantic ad campaign trying to put a positive spin on nothing. Where only half a million were needed, 1.5 million signatures gathered to recall Walker, his second, and three Republican senators. Be sure to vote in the recall election. That's the great thing about democracy!

If Walker is convicted of over 1,000 violations of campaign finance law, and faces a fine of up to half a million dollars, he's really in trouble. Because his rich friends won't be able to pay for it through PAC's. He'll have to do a Gingrich.

[dellinger63]

Originally Posted by Riot

Five straight months of job loss in the state. Massive public sector layoffs. Frantic ad campaign trying to put a positive spin on nothing.

^^^^^^^ at least you're consistently clueless

A 12/15/11 press release from the WI Department of Workplace Development

MADISON – Department of Workforce Development (DWD) today released the Bureau of Labor Statistics(BLS) monthly report showing Wisconsin’s unemployment rate dropped to 7.3 percent from 7.7 percent. October’s job loss number was significantly reduced to 2,400 from the initial estimate of 9,700, a 75 percentcorrection. Secretary Reggie Newson today issued a statement on the newest set of monthly Wisconsin employmentnumbers.“October was the fifth straight month and the eighth month this year in which the federal governmentoverestimated the preliminary job loss numbers or underestimated job gains for Wisconsin,” SecretaryNewson said. “I am particularly concerned by the disparity in the October preliminary numbers, which wereoff by 7,300 for total jobs and 7,900 for private-sector jobs. These unreliable employment statistics out ofWashington misinform the public and create unnecessary anxiety for job seekers and job creators about theshape of our state’s economy.”According to the U.S. Bureau of Labor Statistics (BLS), Wisconsin’s revised numbers show the state lost2,400 jobs in October, roughly a 75 percent correction from their initial estimate of 9,700 jobs. Meanwhile,Wisconsin added 11,000 jobs in June, but BLS initially underestimated that number by roughly 1,500 jobs. “The most troubling thing to me is the effects these initial estimates have on the perception of Wisconsin’s workforce,” continued Secretary Newson. “The monthly revisions show a much steadier trajectory withgains being higher and losses being much lower than the BLS’ initial reports. While there certainly is more progress to be made, we are moving Wisconsin in the right direction and laying the groundwork for the private sector to create jobs.”

You do realize WI is tied for 20th among States with the lowest unemployment rates at 7.3% while Kentucky is 40th with 9.4% but in your misguided interpretation that is good as KY receives more unemployment benefits.

You are right in that WI has lost public sector jobs, but those jobs are 100% paid for by the taxpayer so the net loss to the taxpayer is zero and in fact the taxpayer actually makes a profit when it isn't forced to pay for pensions.

Thanks for making an argument Pro-Walker

[Riot]

Originally Posted by dellinger63

^^^^^^^ at least you're consistently clueless

A 12/15/11 press release from the WI Department of Workplace Development

LOL - posting a whiny rebuttal from Wisconsin officials, trying to say that the numbers measured by the feds are disputed and are a lie, isn't "the truth". It's "a joke"

[dellinger63]

Originally Posted by Riot

LOL - posting a whiny rebuttal from Wisconsin officials, trying to say that the numbers measured by the feds are disputed and are a lie, isn't "the truth". It's "a joke"

using Federal Labor Statistics

You're a joke!

[dellinger63]

Hypothetically Mr. Jones and Mr. Smith are neighbors and have many things in common. Both have a wife and two children, both work as Geological Surveyors, and each make 100K/year. Both also received insurance paid for by their employer.

Mr. Jones works for the Federal Government at Yellowstone monitoring and studying geysers including Old Faithful. His employer does not provide a 401K per se, but does have a pension program. Upon retirement it will pay 70% of a ‘average’ salary. His employer paid healthcare has a value of $2K/month (24K/year). He works for 30 years, retires at 65 and will die at 80. (To make the math simple no raises were considered.) $124K/year (salary and benefit’s) X 30 years comes to $3.72 million. 15 years of retirement at $70K/year comes to $1.05 million for a total of $4.77 million in total compensation. All payments made courtesy of the Taxpayers of America.

Mr. Smith works for a small Petroleum Exploration Consulting company. Its clients are 50% domestic and 50% foreign. Obviously travel is a large part of Smith’s job. Unlike Mr. Jones, Smith’s employer does not offer a pension program but does offer a 401K that it will match up to 10% of yearly salary or in the case of Smith, 10K/year. Like Jones, Smith works for his company for 30 years before retiring and living 15 more years. Recognizing the benefit of matching 401K funds his company offers, Smith never misses a year he doesn’t contribute the max but never exceeds it. Smith makes the same $3.72 million in salary and benefits as Jones. By adding 20K to his 401K every year and investing in AAA bonds (he is a Geologist) he reaps a paltry 3%/year and at the time of retirement has $951K in his account. All paid for by his employer/clients of employer including 50% foreign. A $4.671 million total compensation package of which, $2.33 million can be attributed to foreign investment. Mr. Smith’s company also pays a payroll tax at 8K/year over the course of his 30-year career, a $240K total.

In an effort to remain unbiased (wink) the above scenario does not take into account business expenses, such as travel and lodging that of course adds to the economy but for Mr. Jones would be paid for by the taxpayer and for Mr. Smith by his employer. Nor does it take into account the corporate taxes paid by Smith’s employer. Of course Jones’ employer pays nothing in taxes.

Since one percent seems to be the number in vogue, I’ll use that for a sample. One percent of all tax filers in America is approximately 1.49 million. Of this sample we’ll suppose half are Public sector workers and half are Private. The half representing the 745K Public Workers with total average compensation of $4.77 million each, comes to a $3.56 Trillion total. The Private Workers with an average of $4.67 million each comes to $3.48 Trillion with $1.74 Trillion coming from foreign investment. The Private sector employers collectively would have also paid a total of just under $179 billion in Payroll Tax.

So while in equal numbers, representing only one half of one percent of U.S. Taxpayers, the Public Sector Jobs sample cost the American taxpayer $3.56 Trillion while Private Sector Jobs crew cost the taxpayer zero. To the contrary, Private Sector jobs actually add $1.74 Trillion in foreign, or competitor money to the economy and $179 billion in employer paid payroll tax for a total of $1.919 Trillion Total Net Gain to the taxpayer. A $5.479 Trillion dollar difference compared to Public Jobs. $7,350,000.00 or $7.35 million PER JOB. That number would be substantially larger if both corporate tax and capital gains tax on 401K withdrawals were considered.

BTW Wanting to keep up with the Jones’, Smith continued his ultra conservative portfolio producing 3%/year after he retired but started withdrawing funds to equal the $70K Jones received yearly. His first year’s withdrawal was for just over 41K and at the time of his death his 401K still contained $185K.

Hope this explains it for you......