Wisconsin’s Koch Brothers Puppet Governor Scott Walker has no intention of using the foreclosure settlement money gotten by the US Justice Department to help homeowners. He intends to balance his budget. What that means is simple, and it’s not as simple as it seems, at least at first glance.
When Walker became governor of Wisconsin back in 2010, he inherited a nearly balanced budget. So he decided to give his rich buddies big tax breaks. That meant Wisconsin’s budget went from nearly balanced to a terrible shortfall. Walker decided public employees should reduce their compensation (as well as give up their labor union organizing rights) to bring the budget in balance. In other words, rich people got wealthier because income was transferred from the government middle class workers.
Now Wisconsin has a budget shortage this year. The Koch Brothers, through their puppet governor, have decided to use the foreclosure funds to balance Wisconsin’s budget. This way he won’t have to rescind the tax cuts for his wealthy buddies to make up the budget shortfall, no matter how much pressure is brought to bear against him to do the Christian thing.
In other words, the Koch Brothers have decided to redistribute the foreclosure funds intended for middle income Americans, to their affluent buddies, using their puppet governor.