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Gluttony

Another Six-Figure WEDC Loan to an Unworthy Applicant

View image | gettyimages.com Across the state, revelation after revelation shows that the Wisconsin Economic Development Corporation has been a mistake, a wasteful political endeavor contrary to sound economics. Locally, support for the WEDC, from Whitewater’s Community Development Authority, Chancellor Richard Telfer, City Manager Cameron Clapper, etc., shows not only that they’re ignorant of sound…

Conservatives Against WEDC

Only a generation ago (not long, really), most conservatives would have rejected something like the Wisconsin Economic Development Corporation’s ineffectual, wasteful attempts to manipulate the economy for the benefit of a few insiders’ friends. Today, communities across our state are beset with any number of unctuous men hawking a kind of big-government conservatism, with false…

SHINE Fades

Over at the Gazette, there’s a story that, ever so tentatively, lets readers know that the public-money-sucking SHINE project (to produce the molybdenum-99 isotope for nuclear medicine) isn’t faring so well in the marketplace. SHINE is, after all, the centerpiece of big-government conservatism in Rock County, having received millions in public money to fund a…

WEDC Slowly Crumbles

WEDC ‘CEO’ Reed Hall Looks Downcast.  You Would, Too, If You’d Disgraced All Wisconsin Yet Again.  AP Photo. On a Friday afternoon, there’s breaking news across Wisconsin. Having rejected free markets in capital, labor, and goods for cronyism and ineffectual manipulation of the economy, the Wisconsin Economic Development Corporation now slowly crumbles: Scott Walker calls…

The Crazy-Wrong Argument on Taxes

A succinct truth: money doesn’t grow on trees. Local government funds municipal projects in one of three principal ways: through local taxes & fees, local borrowing (debt in the form of bonds), or public money from other jurisdictions (grants from the state or federal government). These grants of state or federal public money are, themselves,…