-- Connecting the dots between our economy, government and business --
"A reduction in the annual cost of living increase for public employee pensions — now an automatic 3% hike, compounded annually — should, finally, be seriously entertained...Could pain be avoided by adjusting the way our state is financing its debts, including pension debt? We don’t know for certain, but it’s time for government’s brightest financial minds to look under every rock, consider every option."
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Meanwhile, California has proposed a 10% pay cut for ALL state employees.
But back in IL, Jabba is giving 10% raises to state employees. As Capitol Fake says, there’s nothing he can do about it, because the raises were negotiated pre-coronavirus.
And as Oswego Willy at Capitol Fake says, every single government employee is essential. No lay offs.
Financial devastation that Pritzker put the state of Illinois. He along with his buddies in Springfield.