Letter from Sen. Vinehout: State Finances: Stuck in the Mud
"Pardon my tardiness," I told the crowd gathered at a Town Hall Meeting. "I spent 20 minutes stuck in the mud." Rural folks nodded in understanding. Spring has turned many unpaved roads into mud.
Stuck in the mud is an apt metaphor for Wisconsin state finances.
Debts and deficits; GAAP and gaps; bonding and borrowing; all these terms make it hard to follow what's happening with the state's fiscal health.