state pensions
According to a Trib editorial Blagojevich is gonna make a tough call on reigning in pension costs.
Not everything posted here about Rod is negative.
To his credit, Gov. Rod Blagojevich plans to make pension reform a significant piece of his 2005 agenda. The governor last year assembled a task force to look at the pension mess and come up with recommendations. A draft of those recommendations is about to be released, and Blagojevich is likely to promote pension reform in his annual budget message on Wednesday.
Not everything posted here about Rod is negative.
posted by Carl Nyberg at 9:57 AM
3 Comments:
Do you know why the cost of government goes up faster than the natural rate of revenue growth?
From today's Trib article:
Specifically, the administration said state expenditures were rising faster than revenues particularly because of escalating costs for employee pensions and health care for state workers and the poor.The pension costs rising faster than natch revenue growth is the fault of the Springfield pols.
However, the health care costs are not the fault of state and local gov't.
It's not that the pols are simply venal and inept, there are real systemic problems underlying the pressure to increase gov't spending.
J & T,
Tax "swap" scams and uncontrolled spending. You are absolutely right.
So, don't negate your own arguments with the "but don't cut me" slant. Bloated pension plans are part of the uncontrolled spending.
This may be something that Madigan and Blago can agree on.
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