If you've ever wonder why Scott Walker’s chairmanship of the WEDC has been such a massive failure, rife with lost taxpayer loans and mismanagement, look no further than the math he’s using in his new negative ad against Mary Burke.
A forgivable HUD loan Burke initiated to buy land and attract Abbott Labs to Wisconsin is now getting double counted, once in taking the grant, and one more time giving it back to HUD. So if you lend somebody $10, they really owe you $20, according to Walker’s math. That’s just good “fiscal conservatism.” According to the Walker campaign, believe it or not, is:
|The do-nothing governors willing dupes!|
That it was fair to count the federal spending as $12 million and then to count any state repayment to the federal government as a separate payment on top of that.
That should make your head hurt. Quoting the ad:
"As Jim Doyle’s Commerce secretary, Mary Burke wasted 12 and a half million dollars on a vacant lot, hoping to lure a company to Wisconsin to create jobs … Mary Burke’s boondoggle could cost taxpayers nearly $25 million."
It "could" if we use Walker's bad math. I'm getting the distinct idea Walker doesn't really want to talk about his failed jobs record.WISC's Jessica Arp poked around and found out Walker isn't just lying about the $25 million owed to HUD, but may owe less than the original $12 million- $6 million in cash back, and $6 million in cuts to future grants of $6 million. And local officials are on the hook for some of that.