Thursday, July 8, 2010

Shared Sacrifice. I'd Like A Share Of That Sacrifice.

Illinois is bankrupt but they continue racking up bills without paying them and people continue to pretend that there is a State government anymore. With a budget deficit over 20x as large, they have decided to "share" a sacrifice to the tune of cutting $1.4Bn out of their budget. Part of the sacrifice they are making is apparently to give state (read: union) workers 11% to 14% pay rises. Okay, then. I just hope the poor dears will manage to survive on 7% raises per annum during a time of falling prices.

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