A Democrat implosion

It’s been an eventful week and one Democrats may wish to forget. Union-financed advertising for Kathleen Falk’s gubernatorial campaign has disappeared, identifying the unions’ chosen and wholly-owned candidate as a sure loser and exposing the unions’ dwindling influence.

Could anything make matters worse for Democrats? Yes, and it’s already happened.  Moody’s Investors Services last week downgraded the City of Milwaukee’s bond rating.

That would be the same City of Milwaukee administered by Tom Barrett, the Democrat’s only viable candidate to oppose Governor Walker. And that would be the same Governor Walker praised last year by Moody’s for budget reforms that reinforce the State of Wisconsin’s positive credit rating. Nice contrast.

Alert readers will also remember Moody’s downgraded the State of Illinois’ bond rating in February, after Democrat Governor Pat Quinn chose tax increases to address public pension and benefit issues far worse than those Walker has confronted in Wisconsin.

This matters because a poor bond rating subjects taxpayers to higher interest rates on government borrowing. Barrett and Walker are taking Milwaukee and Wisconsin in opposite directions, and Barrett’s is a downward spiral. It also matters because Barrett has pledged to follow Quinn’s lead by raising taxes on corporations and homeowners if elected Governor in June.

You don’t get a Moody’s downgrade without earning it, and we can’t think of a better reason to doubt a mayor’s fiscal smarts than his insistence on spending over $100 million on a two mile trolley line hardly anyone will see.   Businesses will be ruined.

All told, a valuable week for differentiating between Barrett and Walker.


About Wisconsin Club for Growth
The Club for Growth is a national network of over 40,000 men and women, from all walks of life, who believe that prosperity and opportunity come through economic freedom. Wisconsin Club for Growth, Inc. is dedicated to informing, educating and rallying citizens of Wisconsin to embrace and enact policies that lead to sustained economic growth, limited government, and minimal taxation. Wisconsin Club for Growth can and will have an enormous impact on the direction of our state. Wisconsin Club for Growth believes that effective lobbying is done at all stages of the budget cycle, including when our leaders make public promises and can be encouraged to support policies that spur economic growth. Wisconsin Club for Growth believes we must support pro-growth policies and encourage public officials with backbones to remain truly committed to making our economy and our state stronger. Wisconsin Club for Growth believes our leaders must stand up to the tax and spend mentality in Madison and work tirelessly to cut taxes and unleash the power of the free-market.

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