Some perspective for you tonight.
Wisconsin's budget shortfall for June 2011-2013 is expected to be $3.6 billion dollars. That's for two years worth of budgeting.
Today, in after hours trading, Hewlett-Packard lost about 3 times that in market capitalization. On one idle Tuesday, poof, $10 billion goes away. That's a couple hours of trading. So yeah, HP's total market cap ($110 billion or so) is still 4 times as much as the entire state of Wisconsin spends in its state and local budget in one year, or twice as much in two years. ($53 billion).
The entire state.
We have odd priorities.
Tuesday, February 22, 2011
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