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Showing posts with label Scott McCallum. Show all posts
Showing posts with label Scott McCallum. Show all posts

Friday, February 17, 2012

With Foreclosure Settlement, Scott Walker Ignores the Lessons of History

Foreclosed home
Yesterday, the Milwaukee Journal Sentinel published a smart editorial on Gov. Scott Walker's suddenly unbalanced budget. It requires a little background, but I think I can catch you up to speed pretty quickly.

In 2001, then-Gov. Tommy Thompson was picked by the Bush administration to run the Department of Health and Human Services. Wisconsin governors are elected on presidential off-years, which meant that Lt. Gov. Scott McCallum would serve the rest of Thompson's term. This did not go well. It was a period marked mostly by short-sightedness and poor decision-making, which included this:

In July 2002, then-Gov. Scott McCallum signed a budget-repair bill into law that used $825 million in settlement money from the big tobacco companies to balance a gaping hole in the state budget. That was on top of another $450 million in tobacco money used for the same purpose the summer before.

McCallum and the Legislature balanced the budget all right -- for a few months -- but at a high cost to good government.

"Dumb and dumber," we wrote at the time. "Think about winning the lottery and spending every nickel in the first year."