Wisconsin Can Weather Fed Crisis Immediately, Harder Later
Wisconsin could be in all sorts of financial trouble eventually should politicians in Washington not reach a budget deal this week. A memo written to governor Walker from secretary of Administration, Mike Huebsch details a long list of programs that could take a hit if the feds hit default on the nation's debt. Just a few; medical assistance, heating assistance, federal school funding, and natural resources. All face hundreds of millions of dollars in cuts if the federal government runs short on cash and has to prioritize spending. Huebsch says the state's current cash situation allows it to operate as normal without fed money for about three months.