Layoff Notices Go Out in Wisconsin as Walker Approval Plummets
(photo: mrbula)
Scott Walker held to his threat of issuing layoff notices to public employees because of the passing of a deadline for the budget reapir bill. The deadline, which concerns a $165 million refinancing scheme that Walker claims he needs time to accomplish, seems bogus to many financial experts who I’ve consulted about this. Basically, bond restructuring doesn’t need four months lead time, which Walker wants here. It’s pretty clear that Walker is using the layoff notices as a tool to pressure unions and the Democratic Senators to finish off the bill.
