The state budget negotiations remain at a standstill. On the conference committee table:
· The Senate Democrats’ $15.2 billion tax increase in the form of a government health care plan.
· The myriad of tax and fee increases proposed by Governor Doyle, totaling $1.75 billion.Wisconsin could never afford such tax increases, especially now.
The Milwaukee Journal/Sentinel reports foreclosures in Wisconsin got worse last month.
“Creditors brought 1,662 new court actions against defaulting homeowners last month - 38% more than a year earlier, ForeclosuresWI.com reported. That brings this year's toll of families facing loss of their homes to 10,891 - 25% more than the first seven months of last year, according to the Milwaukee-based data tracker.”
Making matters tough for homeowners are hikes in adjustable rate mortgages, stricter standards in the mortgage business, and a scarcity of home buyers.
Experts predict the dismal trend will continue for at least a year, possibly 18 months.
You can read the entire Journal/Sentinel article
here, a story that the Governor and Senate Democrats obviously missed.
So many Wisconsinites are calling a free round-the-clock consumer help line at (888) 995-4673 that Wisconsin ranks 20th among the states in calls seeking assistance.
Residents are losing their homes at a time the Governor and Senate Democrats want to enact the largest tax increases Wisconsin has ever seen, increases that would literally force more and more people out of their homes. Wisconsin can least afford the massive tax increases being proposed by Democrats. The current state budget process must produce a biennial budget that returns Wisconsin to clear, sound fiscal responsibility.
