About That 26 Million....
There is of course, some political points to be scored from it also. In Wisconsin Democrats immediately jumped on Gov. Scott Walker for the fact that $26 million of the State's cut of the pie is going to go to cover a budget shortfall.
Newpapers jumped on it as a flip-flop, after he'd criticized a previous governor for wasting the tobacco settlement funds by putting them into the general budget to shore up a (much bigger) deficit.
Being of a generally rational mind, I though that was probably a bad idea, but also understanding partisanship, I decided to look up the terms of the settlement, and see how he could get away with such a dastardly deed.
As it turns out, it only took 1 search with Google to find out he was actually putting the money where the settlement said it should go. ZeroHedge has a nice little breakdown of how the settlement money is divided.
Specifically, from Zero Hedge:
$3.5bn will go to state and federal governments to repay public funds lost as a result of servicer misconduct and to fund housing counselors, legal aid and other similar public programs.