Wednesday, February 27, 2008

The Wisconsin Crazy

In a slight change of pace, the latest Wisconsin Crazy is someone who is relatively well-known. Governor Doyle, after losing support of Democrats in the Wisconsin legislature now expects to pass his economic development proposal despite a $650 million budget shortfall. If municipal bonds were a good investment, this would still be an ill-advised strategy, but with the growing financial crisis and the growing inability for municipal organizations to find financing, this budget can only be described as crazy.

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