Upon signing SB21 into law Parnell admitted that the tax gift to the oil industry would cost the State so much  that the legislature would have to begin an austerity campaign to make up for the lost revenue. Senate President Meyer admitted the new tax regimen was a "crap shoot" which indeed turned up snake eyes but the GOP controlled Senate/House refuse to acknowledge that it was a mistake. The appropriate thing for them to do had they any independence from the campaign contribution largesse of Big Oil would be to make the subsidy cuts proposed by the Governor permanent. Revise SB21 by removing the "new oil" clause that will permanently keep the state in deficit and put a real floor of 12% or so on production taxes. But they won't so the public screams in righteous indignation about Walker wanting a restructuring of the PFD as part of his entire balanced set of proposals to deal with the very serious budget crisis we face. Sad fact that Walker sees nothing to be optimistic about.