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My Thoughts on Wisconsin

Posted by Larry Doyle on March 4, 2011 6:36 AM |

Feb. 27: Student Labor Action Coalition members demonstrate at the state Capitol in Madison, Wis., on the 13th day f protests over the governor's proposed budget. What is really going on in Wisconsin?

Are Wisconsin Governor Scott Walker and his Republican colleagues trying to ‘break the unions’?

Are the ‘Wisconsin 14’ senatorial contingent true patriots standing up for the rights of the working man?

Given the level of heated protest on the streets of Madison and on the airwaves throughout the nation, clearly people have strong opinions on both sides of this topic. What does it all mean?

While most politicos would like to debate the finer points of collective bargaining rights versus insufficient funding, my ‘sense on cents’ view of the current gridlock in Wisconsin compels me to believe strongly that this state is nothing more than a reflection of a system that is fundamentally broken — both literally and figuratively.

I ask you:

Do elections matter? If one party can merely boycott the legislative process, then why have elections in the first place?

Do we need further reason for term limits? Politicians beholden to special interests which line their pockets will go to great lengths to defend those interests, including boycotts.

Is there any doubt that Ponzi-style financing of state and federal budgets does NOT work? I am firmly convinced that a significant majority of people in our nation have little appreciation for how onerous and dangerous our fiscal deficits and budgetary gaps are to our nation’s future. Let the next generation pay, right? What a pathetic way to think that you are governing.

What is really missing in Madison and in so many other state capitols and Washington as well? Accountability.

Regrettably, we have received the government that we deserve because we ourselves do not hold the political cronies on both sides of the aisle accountable.

Now we pay.

Larry Doyle

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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own and not those of Greenwich Investment Management. As President of Greenwich Investment Management, an SEC regulated privately held registered investment adviser, I am merely a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

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