Monday, February 14, 2005

state pensions

According to a Trib editorial Blagojevich is gonna make a tough call on reigning in pension costs.
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.

6 Comments:

Blogger J & T said...

Get ready. Last year the house introduced HB750 and passed it. The Senate added several amendments. In short, nearly everything would be subject to sales tax and the State Income tax would go up to 5%. Pensions would become taxable at the new rate. People for it said along with many editorials that there would be a reduction in property taxes because of the extra funding. Unfortunately, nothing in the Bill provides for a reduction in property tax.

People opposed to this massive increase are considered "anti-education" or worse. I am against it because of the uncontrolled spending by the State government and the schools as well.

Mayor Daley just increased the cost of living in Chicago, Stroeger is about to increase the cost of living in Cook Co., now ROD wants to increase the cost of living in this State. Not one of these folks decreased their spending.

Rod's attempt to REFORM the State pensions is outrageous. The LAW that was passed in 1995 required certain levels of State funding over a period of years. Ryan spent the excess money on projects and Rod can't say "no". Now that some of the funding is due he wants to reform it saying it is in a mess.

Golly, where has everyone been for the last 10 years?

I really believed that Rod would make a difference but I was fooled.

The way he is running the State, and the others are running Cook County and Chicago, Former Gov. Ryan must be shaking his head.

10:50 PM  
Blogger Carl Nyberg said...

Do you know why the cost of government goes up faster than the natural rate of revenue growth?

12:55 AM  
Blogger J & T said...

This comment has been removed by a blog administrator.

9:36 AM  
Blogger J & T said...

I have a notion why expenditures rise faster than the "natural" rate of revenue growth.

Excessive spending by government over and above the natural rate of revenue growth.

10:06 AM  
Blogger Carl Nyberg said...

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.

10:26 AM  
Anonymous Anonymous said...

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.

1:39 PM  

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