Wisconsin Governor Scott Walker, facing a $283 million deficit that needs to be closed by the end of June, will skip more than $100 million in debt payments to balance the books thrown into disarray by his tax cuts.
….“They need some cash,” said Todd Berry, president of the Wisconsin Taxpayers Alliance, a nonpartisan research group that examines taxes and government spending. “This is kicking the can down the road.”
For the time being, this is probably not a big deal. Walker says he’s just “restructuring” the state’s debt, and that will probably wash for now. But there’s no question that Walker’s tax cut zealotry puts him in a dilemma. If the economy continues to slog along, Wisconsin’s finances will deteriorate and Walker’s presidential chances will suffer. If the economy picks up, Wisconsin will benefit but so will Hillary Clinton. The path to presidential success often turns out to depend on the economy, and for Walker it might end up being a narrow path indeed.