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.
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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