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It's been gallows humor amongst Wisconsin public employees that Walker and his Republican hordes final step in crushing us back to peon status was to find a legal way to tap into our pensions...Well not an overt grab on the part of the Governor, it has begun...

WEDC head asks for $200 million in pension funds

Just a quick reminder. The Wisconsin Economic Development Corporation is the "quasi" governmental body created by Walker and the Republican state legislature that is essentially exempt from oversight and has been plagued by myriad issues and incompetence from the start...

Walker's WEDC Faces Serious Problems...

Walker claims that the newly named head of the WEDC, Reed Hall, is the answer to the horrific management that is endemic throughout the nonaccountable organization. "Nothing to see here folks..."

So thank God, the State of Wisconsin Investment Board (SWIB) rejected the WEDC request for 200 million dollars of Wisconsin public employees' money to be used for seed money for business development and incubation in the state.

This should serve as yet another reminder that there are scant few firewalls between us and complete control of Walker's Republican and business cronies...

Originally posted to Up North on Tue Feb 05, 2013 at 05:49 AM PST.

Also republished by In Support of Labor and Unions and Badger State Progressive.

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