When it comes down to it, Governor Walker has three options for fixing Wisconsin's budget woes:
- Hike Taxes: Governor Walker could propose a tax hike to raise the $3.6 billion needed to balance out the budget. However, the people of Wisconsin sent a clear message last year that they would not accept tax hikes, and Governor Walker was elected on a promise to not raise taxes. In fact, many in Wisconsin elected Governor Walker because of his promises to reduce taxes, enabling the growth of small business and the creation of jobs.
- Add Debt: Governor Walker could propose simply borrowing more money to finance unsustainable spending. Unfortunately, such a concept was rejected by Wisconsin voters and would lead the state into an even worse long-term deficit problem, as the debt would need to be paid back. Wisconsin would simply end up in a worse situation, such as what California is in.
- Curb Spending: Governor Walker could propose a budget that curbs spending, as he promised to do when running for office. In doing this, taxes would remain the same or be cut, and deficit would not grow.