Sure! I'm here (Planet Earth) to serve. Here's another link to help explain the difference between campaign Scot-Tea, and the official Scot-Tea figures... http://www.forbes.com/sites/rickungar/2 ... t-deficit/
There are,essentially, two accepted methods of accounting. There is the “cash method”— the one utilized by the Wisconsin legislature and Gov. Walker in creating their balanced budget—which accounts for how much money is in the bank at the end of the fiscal year after bills have been paid. If there remains cash in the bank account, then there is no deficit.
Of course, this approach does not take into account the reality that upcoming obligations are not only going to wipe out that cash, but create a deficit when those obligations exceed what is in the bank. As a result, cash accounting rarely presents a true picture of an organization’s finances—which is precisely why every public company in America, along with most city and country units of government, are required to use the GAAP method.
GAAP (the acronym for Generally Accepted Accounting Practices) accounting takes into consideration the money expected to come in and the money committed to going out in order to work out where an organization actually stands.
Just a few more helpful clues... Wisconsin law requires a balanced budget, using cash accounting. By "balancing the budget" using cash accounting, Walker didn't do anything special or unusual. Every WI Governor did the same.
So lets also look at where the $3.6 billion "deficit" came from: Government agency (headed by Walker appointees) requests for money for the upcoming fiscal year. The $3.6 billion was never actually a deficit, but rather it is exactly what Walker's state agencies wished for.
I guess what makes it interesting is that Walker criticized Doyle for using cash accounting also stating he wouldn't use it, but rather he'd use the GAAP method. Instead he did exactly the same thing as Doyle, and everyone else. Then his agencies fabricated an inflated "deficit" that didn't exist, which he "wiped out" by borrowing money and increasing Wisconsin's debt. Wild, hey?