Should Gov. Scott Walker focus on cutting state spending ? rather than raising taxes ? to balance Wisconsin?s $3 billion-plus shortfall? The state?s fiscal house is in trouble. That is undeniable. Suggestions to balance the books through large-scale cuts to the university, however, are misguided. Every dollar spent on the UW returns $21 into the state?s economy, according the 2010 NorthStar Economic Impact Study of UW-Madison.