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Trainwreck Tim Walz Took Minnesota From A $19 Billion Surplus To A $6 Billion Deficit

Americans have seen a lot of Tim Walz lately as the failed vice-presidential candidate has held town halls nationally criticizing national Republicans. In a telling interview, he admitted to the New York Magazine this week, “90% of the time, I can be really good, but about 10% of the time, I can be a train wreck.”

And in an interview with Jake Tapper that was itself something of a train wreck, he rejected the conclusion that every American with a pulse now acknowledges: that Walz and other Democrats should have forced Joe Biden off the presidential ticket in light of his obvious cognitive decline.

Walz is indeed often a train wreck, and as Walz tramps around the country seeking to place himself as the foil to congressional Republicans and Donald Trump, to really understand what a disaster he is, we only need to look at the ongoing mess he has left behind in Minnesota.

A Fiscal Disaster of Walz’s Own Making

It is not hyperbole to say that Minnesota’s finances are in free fall. After boasting a record-setting$19 billion surplus in 2022 — larger than the full budgets of 20 U.S. states — the Minnesotans learned earlier this month that it faces a staggering $6 billion budget deficit. How did this happen? In 2023, Walz and his Democrat allies in the legislature embarked on the most reckless spending spree in Minnesota history, funneling billions into pet projects and giveaways for every left-wing constituency imaginable. The surplus wasn’t used to shore up Minnesota’s long-term financial stability or to return money to taxpayers. Instead, it was squandered in the most reckless fiscal step taken in Minnesota’s modern history.

Walz’s relationship with the truth has always been a distant one, and this case was no exception. Walz tried to falsely pin the financial crisis on the new Trump administration, despite state officials confirming that federal policy did not affect their budget projections. 

Among the drivers of the state’s coming deficit is a stagnant Minnesota economy. Although once among the strongest in the country, the state now routinely ranks in the bottom 10 states for GDP growth. Job creation has stagnated, and businesses are increasingly looking elsewhere to expand or move. Meanwhile, Walz has increased tax burdens on individuals and businesses and made Minnesota one of the least competitive states for economic growth.

Fraud, Waste, and More Fraud

Contributing to the state’s fiscal woes is the immense fraud in Minnesota state programs, unlike anything in the state’s history. The Feeding Our Future scandal alone saw over$250 million stolen under Walz’s watch — the largest case of Covid-era fraud in the nation.

But it doesn’t stop there. Federal officials estimate that fraud across Minnesota’s public assistance programs under Walz exceeds $600 million, a scale described by the state’s former Democrat U.S. attorney as fundamentally different than anywhere else in the country. To date, Walz and his administration have fired no one for the immense incompetence and malfeasance that enabled such fraud.

Education: A Failing Grade

As Walz hemorrhages taxpayer dollars due to fraud, Minnesota’s educational system has cratered. From 2014 to 2023, reading proficiency dropped by 8.2 percentage points, and math proficiency fell by 14.2 percentage points, despite significant increases in education spending. Under Tim Walz, most Minnesota kids can’t read or do math at grade level.

Compounding the issue, schools are facing financial turmoil due to reckless spending mandates and a focus on the woke agenda items passed by the Democrat legislature. According to an association representing Minnesota school districts, over 40 districts are running massive deficits, with some facing budget shortfalls in the tens of millions.

Tim Walz — the former schoolteacher — has left Minnesota’s education system in crisis.

Crime: A State in Peril

Under Tim Walz’s leadership, public safety in Minnesota has collapsed. Violent crime has surged — Minneapolis saw 79 homicides last year, up nearly 160 percent since 2019 — while far-left prosecutors like Soros-backed Mary Moriarty let criminals walk and attack police.

Moriarty’s unethical prosecution of Trooper Ryan Londregan revealed the radical agenda now driving Minnesota’s justice system. Walz stayed silent, signaling to criminals that politics matter more than public safety. Police morale has cratered, recruitment lags, and victims’ families are left without justice.

The result? Minnesotans no longer feel safe in their own neighborhoods. That’s not just failed leadership — it’s a betrayal of government’s most basic duty: to protect its citizens.

The Bottom Line

Tim Walz has been a train wreck, and not just 10 percent of the time. And although Americans were given a glimpse of his record in Minnesota in 2024, that record grows more troubling as the consequences of his policies have played out. All of America should know that Minnesota was once the “State that Worked”. Under Tim Walz, that’s as gone, just like its absentee governor.


The Federalist

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