Saturday, March 12, 2011

Urban Poverty Law Center Solves Wisconsin's Money Short Fall Overnight!

Honorable Governor Scott Walker
The Governor's Mansion
Madison, Wisconsin

Dear Governor Walker:

As senior fellow of finance at the Urban Poverty Law Center here in Cedar Grove, Tennessee
and probably the smartest fellow in my area of the county,(I have an IQ of 105!, fully 5 points above that of Rachel Maddow, and if I looked as good as her in a tight sweater, I would have a show on MSNBC, too)----but back to the point of the budgetary problem, to balance your state short fall, simply take expenditures and multiply each check the state writes and subtract the percentage over draft from each check. This way piggies feeding at Wisconsin's public trough contributes equally. Big piggies pay more than little piggies, but all piggies must pay!

My example is given below for your famous bus driver who retired at age 50 with an 80% of $189,000 yearly pension or roughly in my head .8 x 19 or $152,000, roughly twice what a pediatrician makes for all that tough 30 yrs he spent in and out of traffic!

Take his check 152,000 and multiply it by the deficit 3.6 billion / the budget total about 60 billion and you adjust down his retirement by the deficit. See below:

152,000 - 152,000(.060)= $142,880 a year after the deficit is reduced. This public employee has been taxed at a small 6% of his pension to balance your state budget. Sure he will have to tighten his belt a little, but all will get used to it. As the people who work for the state learn to save taxpayer monies, their salaries and retirement goes back to parity.

And what is in it for the public sector unions besides keeping 94% of their salaries and retirement benefits? Instead of shouting "kill the bill!", they can shout "give six for the fix!"

Now If you will kindly write a check to the Urban Poverty Law Center for 0.000000001% of the money I have saved your state or $3,600 for that advice, so I can pay my secretary's health and dental insurance this month. Her son Toby is getting braces on his horribly disjointed teeth and my rate went up again this month. Please send it to Jack Maybolt President Urban Poverty Law Center PO Box 13, Cedar Grove, Tn 38321

And don't forget to reduce that check by 6%!

Your budget shortfall advisor extraordinaire,

JD Maybolt

"Money, like pain is hard to appreciate until it is yours!" Mother Maybolt, 1929-2008

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