Strictly speaking, I suppose, Burke should have used the word "shortfall" in place of "deficit". The "d" word is not used in the report about Bob Lang's Oshkosh talk.
A shortfall? How can this be?! “The budget is being balanced not because revenues and expenditures are equal, but because we carried over a balance (from the last budget),” Lang said. “Much of the $759 million has been used–about $594 million–to balance the budget.”
Lang's estimate does not include
- revenue growth projections
- increased program expenditures
In its typically convoluted way, PolitiFact Wisconsin rates Mary Burke's observation as "half true".
Related reading:
No accounting skills, no moral reckoning. (The New York Times, 4/27/2014)
No comments:
Post a Comment