Guess why Walker wants to freeze self-supporting State Life Fund?

[Bjorn Against]

Plain Talk: Guess why Walker wants to freeze self-supporting State Life Fund
DAVE ZWEIFEL | Cap Times editor emeritus

If you need a prima facie example of how this extremist Republican governor is taking the side of the big guys against the little guys, I've got one for you.

Hidden in the 1,300 or so pages of his 2011-13 budget is the dismantling of Wisconsin's little-known State Life Fund, a small state-operated life insurance plan that was enacted 100 years ago this year by progressive Republican legislators in the wake of insurance scandals that rocked the state back then.

snip

Yet Walker wants to freeze it in place come July 1 and close it to further purchases.

It's a blatant giveaway to the private insurance industry, which has long bristled at the existence of the fund, insisting that it is "socialized insurance." It has tried without success for several decades to get it killed. The most recent attack on it came from dishonored former state Rep. Scott Jensen of Waukesha, himself an insurance industry shill. Even Tommy Thompson's Republican administration wouldn't go along with Jensen's scheme to close it down.

But now comes Walker, who received substantial campaign contributions from insurance interests in his race last fall.

http://host.madison.com/ct/news/opinion/column/dave_zweifel/article_5b9c269c-45cd-11e0-bcf3-001cc4c002e0.html

[northoftheborder]

1. More and more is revealed in this bill. It should be ripped shreds and dropped out.....

...of an airplane over the Great Lakes.

[madmax]

2. Littering the Great Lakes. Shame! ;) nt

[northoftheborder]

7. Oh no, you're right. Wrong metaphor!

[rzemanfl]

3. Back in 1968 or 1969 when I was a law student a Professor (I

think Walter Rauschenberger -sp?-) told our class to buy this insurance (this was back when $10,000 would buy a Cadillac and a Ford with change left over). I never got around to it and hadn't thought of it for years until this came up today.

[Hannah Bell]

4. kr

[RC]

5. "socialized insurance." ??? Isn't that the idea in the first place for all insurance?

[ThomCat]

6. It's supposed to be. If the insurance company isn't corrupt.

:shrug: