But there's a difference between the numbers tossed off.
In her blogpost, Sen. Vukmir says:
Gov. Jim Doyle made a dangerous tactical blunder by introducing a budget that increases spending by nearly 10% over two years
Odd, because in another blogpost:
...the head of the Legislative Fiscal Bureau, Bob Lang, who was kind enough to venture out of Madison for the budget hearing. He brought along a few fairly simple charts and graphs to help folks get their arms around this complex budget – a budget that Lang showed us increased spending 6.4% the first year and 3.9% the second year.
Reality check. Let's start with $100.00. Add 6.4% to $100.00 and you have $106.40.
THEN add 3.9% to $106.40 and you have $110.54, meaning the two-year increase is 10.54%.
That's larger than Sen. Vukmir's number (albeit not much) and NOT the same as adding 6.4 plus 3.9. Compounding counts, folks.
Especially when you start with a spending proposal of approximately $54 BILLION.
Because 10.54% of $54 Billion (last biennium's approx.) is $5 BILLION, 691 MILLION dollars.
It's $291 MILLION DOLLARS more than a flat 10% increase.
To Sen. Vukmir, $291 MILLION DOLLARS may be inconsequential. It ain't to me...
HT: Wiggy and Backroom