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jficquette
Participant[quote=flu][quote=eavesdropper][quote=flu]…AND….
Sub-prime financing is back at GM via the (new) GM Financial….
http://www.autoblog.com/2010/10/03/gm-completes-buy-of-americredit-renaming-gm-financial/
LOL, we never learn do we?[/quote]
I didn’t get the memo. Were we supposed to?
I keep reading about how everyday American citizens lived far beyond their means for years, thus were disproportionately responsible for the meltdown. But I never read anything about how lenders (big banks, subprime merchandisers, and government-backed GSEs) can’t seem to back away from their risky lending practices. Guess it’s hard saying no to all that easy money…..[/quote]
Sorry, the memo was only sent to a select few…..
http://www.autoblog.com/2010/07/26/report-gms-planned-purchase-of-americredit-questioned-by-senat/
Charles Grassley is quoted by Bloomberg as saying, “If GM has $3.5 billion in cash to buy a financial institution, it seems like it should have paid back taxpayers first,” adding that The General should remain “clear of repeating its effort to make high-risk car loans.” He has written a letter to the inspector general of the TARP program seeking an inquiry into the purchase.
Grassley has little hope of scuttling the purchase, however. As long as GM stands by the terms of the bailout, it can do just about anything it wants, which includes buying a bank. The move is also explained, of course, as a way to bolster GM’s bottom line, something everyone wants.
Company CFO Chris Lidell notes that if GM can add just one more percent to the number of buyers – people with credit scores between 500 and 650 – that’s a “significant” benefit, as well as the additional leasing it can offer. And that one additional percent of subprime purchasers would still leave it in-line with the industry average.
LOL…..Happy days are here again![/quote]
Never let a crisis go to waste.
Participant[quote=flu][quote=eavesdropper][quote=flu]…AND….
Sub-prime financing is back at GM via the (new) GM Financial….
http://www.autoblog.com/2010/10/03/gm-completes-buy-of-americredit-renaming-gm-financial/
LOL, we never learn do we?[/quote]
I didn’t get the memo. Were we supposed to?
I keep reading about how everyday American citizens lived far beyond their means for years, thus were disproportionately responsible for the meltdown. But I never read anything about how lenders (big banks, subprime merchandisers, and government-backed GSEs) can’t seem to back away from their risky lending practices. Guess it’s hard saying no to all that easy money…..[/quote]
Sorry, the memo was only sent to a select few…..
http://www.autoblog.com/2010/07/26/report-gms-planned-purchase-of-americredit-questioned-by-senat/
Charles Grassley is quoted by Bloomberg as saying, “If GM has $3.5 billion in cash to buy a financial institution, it seems like it should have paid back taxpayers first,” adding that The General should remain “clear of repeating its effort to make high-risk car loans.” He has written a letter to the inspector general of the TARP program seeking an inquiry into the purchase.
Grassley has little hope of scuttling the purchase, however. As long as GM stands by the terms of the bailout, it can do just about anything it wants, which includes buying a bank. The move is also explained, of course, as a way to bolster GM’s bottom line, something everyone wants.
Company CFO Chris Lidell notes that if GM can add just one more percent to the number of buyers – people with credit scores between 500 and 650 – that’s a “significant” benefit, as well as the additional leasing it can offer. And that one additional percent of subprime purchasers would still leave it in-line with the industry average.
LOL…..Happy days are here again![/quote]
Never let a crisis go to waste.
Participant[quote=flu][quote=eavesdropper][quote=flu]…AND….
Sub-prime financing is back at GM via the (new) GM Financial….
http://www.autoblog.com/2010/10/03/gm-completes-buy-of-americredit-renaming-gm-financial/
LOL, we never learn do we?[/quote]
I didn’t get the memo. Were we supposed to?
I keep reading about how everyday American citizens lived far beyond their means for years, thus were disproportionately responsible for the meltdown. But I never read anything about how lenders (big banks, subprime merchandisers, and government-backed GSEs) can’t seem to back away from their risky lending practices. Guess it’s hard saying no to all that easy money…..[/quote]
Sorry, the memo was only sent to a select few…..
http://www.autoblog.com/2010/07/26/report-gms-planned-purchase-of-americredit-questioned-by-senat/
Charles Grassley is quoted by Bloomberg as saying, “If GM has $3.5 billion in cash to buy a financial institution, it seems like it should have paid back taxpayers first,” adding that The General should remain “clear of repeating its effort to make high-risk car loans.” He has written a letter to the inspector general of the TARP program seeking an inquiry into the purchase.
Grassley has little hope of scuttling the purchase, however. As long as GM stands by the terms of the bailout, it can do just about anything it wants, which includes buying a bank. The move is also explained, of course, as a way to bolster GM’s bottom line, something everyone wants.
Company CFO Chris Lidell notes that if GM can add just one more percent to the number of buyers – people with credit scores between 500 and 650 – that’s a “significant” benefit, as well as the additional leasing it can offer. And that one additional percent of subprime purchasers would still leave it in-line with the industry average.
LOL…..Happy days are here again![/quote]
Never let a crisis go to waste.
Participant[quote=flu][quote=eavesdropper][quote=flu]…AND….
Sub-prime financing is back at GM via the (new) GM Financial….
http://www.autoblog.com/2010/10/03/gm-completes-buy-of-americredit-renaming-gm-financial/
LOL, we never learn do we?[/quote]
I didn’t get the memo. Were we supposed to?
I keep reading about how everyday American citizens lived far beyond their means for years, thus were disproportionately responsible for the meltdown. But I never read anything about how lenders (big banks, subprime merchandisers, and government-backed GSEs) can’t seem to back away from their risky lending practices. Guess it’s hard saying no to all that easy money…..[/quote]
Sorry, the memo was only sent to a select few…..
http://www.autoblog.com/2010/07/26/report-gms-planned-purchase-of-americredit-questioned-by-senat/
Charles Grassley is quoted by Bloomberg as saying, “If GM has $3.5 billion in cash to buy a financial institution, it seems like it should have paid back taxpayers first,” adding that The General should remain “clear of repeating its effort to make high-risk car loans.” He has written a letter to the inspector general of the TARP program seeking an inquiry into the purchase.
Grassley has little hope of scuttling the purchase, however. As long as GM stands by the terms of the bailout, it can do just about anything it wants, which includes buying a bank. The move is also explained, of course, as a way to bolster GM’s bottom line, something everyone wants.
Company CFO Chris Lidell notes that if GM can add just one more percent to the number of buyers – people with credit scores between 500 and 650 – that’s a “significant” benefit, as well as the additional leasing it can offer. And that one additional percent of subprime purchasers would still leave it in-line with the industry average.
LOL…..Happy days are here again![/quote]
Never let a crisis go to waste.
Participant[quote=CA renter][quote=jficquette][quote=CA renter][quote=jficquette]80 cents on the dollar for pay and benefits??? That’s bullshit. It has to stop asap.
“In California, where an estimated 80 cents out of every government dollar goes to employee pay and benefits, Gov. Arnold Schwarzenegger (R) has proposed a two-tier system of pensions that offers new state workers reduced benefits with tighter retirement formulas. He also wants state workers to kick in higher pension contributions to help deal with California’s staggering deficit.”
http://www.newmediajournal.us/government_politics/1006b.htm%5B/quote%5D
Exactly where do you think tax money is supposed to go? To trees? To rocks?
Everything the public sector provides (infrastructure, safety, education, etc.) is provided by PEOPLE. It shouldn’t be a surprise that most of the money goes toward salaries and benefits. What else should it go toward?
BTW, those salaries/benefits are recycled back into the economy as these employees spend their money. It is far better than “investments” by rich people that have a debt offset (require repayment PLUS interest/dividends).[/quote]
That’s the point. Obviously the money is not going to services. It’s going to the public sector’s pockets.
We have a $19 Bill deficit now in Cali:
That means $15Bil of that deficit is due to pay and benefits.The hell with that. Just fire them and problem solved or cut everyone pay and benefits by 20%. I say that because I think our budget is around $100Bill. Since 80% is for pay and benefits(what a joke), then all you have to do is cut pay by 20-25% and budget is fixed and no decrease in services to the illegals etc.
I don’t think you know the answer to this because I guess you work for the State but do you have idea how many businesses would stay in business with a payroll that was 80% of revenue??
Why can’t we run government like a business?
John[/quote]
This is where I think you’re getting confused. What do you think “services” are? The govt is mostly in the business of providing services (as opposed to goods), and the majority of the costs of “services” will be spent on compensation for the people who provide those services. If you look at service providers in the private sector, I’ll bet the majority of their costs go toward pay/benefits as well.[/quote]
Education for instance. Cali pays $15k per student per year which means $12k of that is for wages and benefits. To put this prespective consider the family with 4 kids in school. That is $60k spent for that family per year. A family could hire a private teacher full time for that.
Give a private company $10k per year per student and I promise you the schools would be much better than they are now.
John
Participant[quote=CA renter][quote=jficquette][quote=CA renter][quote=jficquette]80 cents on the dollar for pay and benefits??? That’s bullshit. It has to stop asap.
“In California, where an estimated 80 cents out of every government dollar goes to employee pay and benefits, Gov. Arnold Schwarzenegger (R) has proposed a two-tier system of pensions that offers new state workers reduced benefits with tighter retirement formulas. He also wants state workers to kick in higher pension contributions to help deal with California’s staggering deficit.”
http://www.newmediajournal.us/government_politics/1006b.htm%5B/quote%5D
Exactly where do you think tax money is supposed to go? To trees? To rocks?
Everything the public sector provides (infrastructure, safety, education, etc.) is provided by PEOPLE. It shouldn’t be a surprise that most of the money goes toward salaries and benefits. What else should it go toward?
BTW, those salaries/benefits are recycled back into the economy as these employees spend their money. It is far better than “investments” by rich people that have a debt offset (require repayment PLUS interest/dividends).[/quote]
That’s the point. Obviously the money is not going to services. It’s going to the public sector’s pockets.
We have a $19 Bill deficit now in Cali:
That means $15Bil of that deficit is due to pay and benefits.The hell with that. Just fire them and problem solved or cut everyone pay and benefits by 20%. I say that because I think our budget is around $100Bill. Since 80% is for pay and benefits(what a joke), then all you have to do is cut pay by 20-25% and budget is fixed and no decrease in services to the illegals etc.
I don’t think you know the answer to this because I guess you work for the State but do you have idea how many businesses would stay in business with a payroll that was 80% of revenue??
Why can’t we run government like a business?
John[/quote]
This is where I think you’re getting confused. What do you think “services” are? The govt is mostly in the business of providing services (as opposed to goods), and the majority of the costs of “services” will be spent on compensation for the people who provide those services. If you look at service providers in the private sector, I’ll bet the majority of their costs go toward pay/benefits as well.[/quote]
Education for instance. Cali pays $15k per student per year which means $12k of that is for wages and benefits. To put this prespective consider the family with 4 kids in school. That is $60k spent for that family per year. A family could hire a private teacher full time for that.
Give a private company $10k per year per student and I promise you the schools would be much better than they are now.
John
Participant[quote=CA renter][quote=jficquette][quote=CA renter][quote=jficquette]80 cents on the dollar for pay and benefits??? That’s bullshit. It has to stop asap.
“In California, where an estimated 80 cents out of every government dollar goes to employee pay and benefits, Gov. Arnold Schwarzenegger (R) has proposed a two-tier system of pensions that offers new state workers reduced benefits with tighter retirement formulas. He also wants state workers to kick in higher pension contributions to help deal with California’s staggering deficit.”
http://www.newmediajournal.us/government_politics/1006b.htm%5B/quote%5D
Exactly where do you think tax money is supposed to go? To trees? To rocks?
Everything the public sector provides (infrastructure, safety, education, etc.) is provided by PEOPLE. It shouldn’t be a surprise that most of the money goes toward salaries and benefits. What else should it go toward?
BTW, those salaries/benefits are recycled back into the economy as these employees spend their money. It is far better than “investments” by rich people that have a debt offset (require repayment PLUS interest/dividends).[/quote]
That’s the point. Obviously the money is not going to services. It’s going to the public sector’s pockets.
We have a $19 Bill deficit now in Cali:
That means $15Bil of that deficit is due to pay and benefits.The hell with that. Just fire them and problem solved or cut everyone pay and benefits by 20%. I say that because I think our budget is around $100Bill. Since 80% is for pay and benefits(what a joke), then all you have to do is cut pay by 20-25% and budget is fixed and no decrease in services to the illegals etc.
I don’t think you know the answer to this because I guess you work for the State but do you have idea how many businesses would stay in business with a payroll that was 80% of revenue??
Why can’t we run government like a business?
John[/quote]
This is where I think you’re getting confused. What do you think “services” are? The govt is mostly in the business of providing services (as opposed to goods), and the majority of the costs of “services” will be spent on compensation for the people who provide those services. If you look at service providers in the private sector, I’ll bet the majority of their costs go toward pay/benefits as well.[/quote]
Education for instance. Cali pays $15k per student per year which means $12k of that is for wages and benefits. To put this prespective consider the family with 4 kids in school. That is $60k spent for that family per year. A family could hire a private teacher full time for that.
Give a private company $10k per year per student and I promise you the schools would be much better than they are now.
John
Participant[quote=CA renter][quote=jficquette][quote=CA renter][quote=jficquette]80 cents on the dollar for pay and benefits??? That’s bullshit. It has to stop asap.
“In California, where an estimated 80 cents out of every government dollar goes to employee pay and benefits, Gov. Arnold Schwarzenegger (R) has proposed a two-tier system of pensions that offers new state workers reduced benefits with tighter retirement formulas. He also wants state workers to kick in higher pension contributions to help deal with California’s staggering deficit.”
http://www.newmediajournal.us/government_politics/1006b.htm%5B/quote%5D
Exactly where do you think tax money is supposed to go? To trees? To rocks?
Everything the public sector provides (infrastructure, safety, education, etc.) is provided by PEOPLE. It shouldn’t be a surprise that most of the money goes toward salaries and benefits. What else should it go toward?
BTW, those salaries/benefits are recycled back into the economy as these employees spend their money. It is far better than “investments” by rich people that have a debt offset (require repayment PLUS interest/dividends).[/quote]
That’s the point. Obviously the money is not going to services. It’s going to the public sector’s pockets.
We have a $19 Bill deficit now in Cali:
That means $15Bil of that deficit is due to pay and benefits.The hell with that. Just fire them and problem solved or cut everyone pay and benefits by 20%. I say that because I think our budget is around $100Bill. Since 80% is for pay and benefits(what a joke), then all you have to do is cut pay by 20-25% and budget is fixed and no decrease in services to the illegals etc.
I don’t think you know the answer to this because I guess you work for the State but do you have idea how many businesses would stay in business with a payroll that was 80% of revenue??
Why can’t we run government like a business?
John[/quote]
This is where I think you’re getting confused. What do you think “services” are? The govt is mostly in the business of providing services (as opposed to goods), and the majority of the costs of “services” will be spent on compensation for the people who provide those services. If you look at service providers in the private sector, I’ll bet the majority of their costs go toward pay/benefits as well.[/quote]
Education for instance. Cali pays $15k per student per year which means $12k of that is for wages and benefits. To put this prespective consider the family with 4 kids in school. That is $60k spent for that family per year. A family could hire a private teacher full time for that.
Give a private company $10k per year per student and I promise you the schools would be much better than they are now.
John
Participant[quote=CA renter][quote=jficquette][quote=CA renter][quote=jficquette]80 cents on the dollar for pay and benefits??? That’s bullshit. It has to stop asap.
“In California, where an estimated 80 cents out of every government dollar goes to employee pay and benefits, Gov. Arnold Schwarzenegger (R) has proposed a two-tier system of pensions that offers new state workers reduced benefits with tighter retirement formulas. He also wants state workers to kick in higher pension contributions to help deal with California’s staggering deficit.”
http://www.newmediajournal.us/government_politics/1006b.htm%5B/quote%5D
Exactly where do you think tax money is supposed to go? To trees? To rocks?
Everything the public sector provides (infrastructure, safety, education, etc.) is provided by PEOPLE. It shouldn’t be a surprise that most of the money goes toward salaries and benefits. What else should it go toward?
BTW, those salaries/benefits are recycled back into the economy as these employees spend their money. It is far better than “investments” by rich people that have a debt offset (require repayment PLUS interest/dividends).[/quote]
That’s the point. Obviously the money is not going to services. It’s going to the public sector’s pockets.
We have a $19 Bill deficit now in Cali:
That means $15Bil of that deficit is due to pay and benefits.The hell with that. Just fire them and problem solved or cut everyone pay and benefits by 20%. I say that because I think our budget is around $100Bill. Since 80% is for pay and benefits(what a joke), then all you have to do is cut pay by 20-25% and budget is fixed and no decrease in services to the illegals etc.
I don’t think you know the answer to this because I guess you work for the State but do you have idea how many businesses would stay in business with a payroll that was 80% of revenue??
Why can’t we run government like a business?
John[/quote]
This is where I think you’re getting confused. What do you think “services” are? The govt is mostly in the business of providing services (as opposed to goods), and the majority of the costs of “services” will be spent on compensation for the people who provide those services. If you look at service providers in the private sector, I’ll bet the majority of their costs go toward pay/benefits as well.[/quote]
Education for instance. Cali pays $15k per student per year which means $12k of that is for wages and benefits. To put this prespective consider the family with 4 kids in school. That is $60k spent for that family per year. A family could hire a private teacher full time for that.
Give a private company $10k per year per student and I promise you the schools would be much better than they are now.
John
Participant[quote=CA renter][quote=jficquette]80 cents on the dollar for pay and benefits??? That’s bullshit. It has to stop asap.
“In California, where an estimated 80 cents out of every government dollar goes to employee pay and benefits, Gov. Arnold Schwarzenegger (R) has proposed a two-tier system of pensions that offers new state workers reduced benefits with tighter retirement formulas. He also wants state workers to kick in higher pension contributions to help deal with California’s staggering deficit.”
http://www.newmediajournal.us/government_politics/1006b.htm%5B/quote%5D
Exactly where do you think tax money is supposed to go? To trees? To rocks?
Everything the public sector provides (infrastructure, safety, education, etc.) is provided by PEOPLE. It shouldn’t be a surprise that most of the money goes toward salaries and benefits. What else should it go toward?
BTW, those salaries/benefits are recycled back into the economy as these employees spend their money. It is far better than “investments” by rich people that have a debt offset (require repayment PLUS interest/dividends).[/quote]
That’s the point. Obviously the money is not going to services. It’s going to the public sector’s pockets.
We have a $19 Bill deficit now in Cali:
That means $15Bil of that deficit is due to pay and benefits.The hell with that. Just fire them and problem solved or cut everyone pay and benefits by 20%. I say that because I think our budget is around $100Bill. Since 80% is for pay and benefits(what a joke), then all you have to do is cut pay by 20-25% and budget is fixed and no decrease in services to the illegals etc.
I don’t think you know the answer to this because I guess you work for the State but do you have idea how many businesses would stay in business with a payroll that was 80% of revenue??
Why can’t we run government like a business?
John
Participant[quote=CA renter][quote=jficquette]80 cents on the dollar for pay and benefits??? That’s bullshit. It has to stop asap.
“In California, where an estimated 80 cents out of every government dollar goes to employee pay and benefits, Gov. Arnold Schwarzenegger (R) has proposed a two-tier system of pensions that offers new state workers reduced benefits with tighter retirement formulas. He also wants state workers to kick in higher pension contributions to help deal with California’s staggering deficit.”
http://www.newmediajournal.us/government_politics/1006b.htm%5B/quote%5D
Exactly where do you think tax money is supposed to go? To trees? To rocks?
Everything the public sector provides (infrastructure, safety, education, etc.) is provided by PEOPLE. It shouldn’t be a surprise that most of the money goes toward salaries and benefits. What else should it go toward?
BTW, those salaries/benefits are recycled back into the economy as these employees spend their money. It is far better than “investments” by rich people that have a debt offset (require repayment PLUS interest/dividends).[/quote]
That’s the point. Obviously the money is not going to services. It’s going to the public sector’s pockets.
We have a $19 Bill deficit now in Cali:
That means $15Bil of that deficit is due to pay and benefits.The hell with that. Just fire them and problem solved or cut everyone pay and benefits by 20%. I say that because I think our budget is around $100Bill. Since 80% is for pay and benefits(what a joke), then all you have to do is cut pay by 20-25% and budget is fixed and no decrease in services to the illegals etc.
I don’t think you know the answer to this because I guess you work for the State but do you have idea how many businesses would stay in business with a payroll that was 80% of revenue??
Why can’t we run government like a business?
John
Participant[quote=CA renter][quote=jficquette]80 cents on the dollar for pay and benefits??? That’s bullshit. It has to stop asap.
“In California, where an estimated 80 cents out of every government dollar goes to employee pay and benefits, Gov. Arnold Schwarzenegger (R) has proposed a two-tier system of pensions that offers new state workers reduced benefits with tighter retirement formulas. He also wants state workers to kick in higher pension contributions to help deal with California’s staggering deficit.”
http://www.newmediajournal.us/government_politics/1006b.htm%5B/quote%5D
Exactly where do you think tax money is supposed to go? To trees? To rocks?
Everything the public sector provides (infrastructure, safety, education, etc.) is provided by PEOPLE. It shouldn’t be a surprise that most of the money goes toward salaries and benefits. What else should it go toward?
BTW, those salaries/benefits are recycled back into the economy as these employees spend their money. It is far better than “investments” by rich people that have a debt offset (require repayment PLUS interest/dividends).[/quote]
That’s the point. Obviously the money is not going to services. It’s going to the public sector’s pockets.
We have a $19 Bill deficit now in Cali:
That means $15Bil of that deficit is due to pay and benefits.The hell with that. Just fire them and problem solved or cut everyone pay and benefits by 20%. I say that because I think our budget is around $100Bill. Since 80% is for pay and benefits(what a joke), then all you have to do is cut pay by 20-25% and budget is fixed and no decrease in services to the illegals etc.
I don’t think you know the answer to this because I guess you work for the State but do you have idea how many businesses would stay in business with a payroll that was 80% of revenue??
Why can’t we run government like a business?
John
Participant[quote=CA renter][quote=jficquette]80 cents on the dollar for pay and benefits??? That’s bullshit. It has to stop asap.
“In California, where an estimated 80 cents out of every government dollar goes to employee pay and benefits, Gov. Arnold Schwarzenegger (R) has proposed a two-tier system of pensions that offers new state workers reduced benefits with tighter retirement formulas. He also wants state workers to kick in higher pension contributions to help deal with California’s staggering deficit.”
http://www.newmediajournal.us/government_politics/1006b.htm%5B/quote%5D
Exactly where do you think tax money is supposed to go? To trees? To rocks?
Everything the public sector provides (infrastructure, safety, education, etc.) is provided by PEOPLE. It shouldn’t be a surprise that most of the money goes toward salaries and benefits. What else should it go toward?
BTW, those salaries/benefits are recycled back into the economy as these employees spend their money. It is far better than “investments” by rich people that have a debt offset (require repayment PLUS interest/dividends).[/quote]
That’s the point. Obviously the money is not going to services. It’s going to the public sector’s pockets.
We have a $19 Bill deficit now in Cali:
That means $15Bil of that deficit is due to pay and benefits.The hell with that. Just fire them and problem solved or cut everyone pay and benefits by 20%. I say that because I think our budget is around $100Bill. Since 80% is for pay and benefits(what a joke), then all you have to do is cut pay by 20-25% and budget is fixed and no decrease in services to the illegals etc.
I don’t think you know the answer to this because I guess you work for the State but do you have idea how many businesses would stay in business with a payroll that was 80% of revenue??
Why can’t we run government like a business?
John
Participant[quote=CA renter][quote=jficquette]80 cents on the dollar for pay and benefits??? That’s bullshit. It has to stop asap.
“In California, where an estimated 80 cents out of every government dollar goes to employee pay and benefits, Gov. Arnold Schwarzenegger (R) has proposed a two-tier system of pensions that offers new state workers reduced benefits with tighter retirement formulas. He also wants state workers to kick in higher pension contributions to help deal with California’s staggering deficit.”
http://www.newmediajournal.us/government_politics/1006b.htm%5B/quote%5D
Exactly where do you think tax money is supposed to go? To trees? To rocks?
Everything the public sector provides (infrastructure, safety, education, etc.) is provided by PEOPLE. It shouldn’t be a surprise that most of the money goes toward salaries and benefits. What else should it go toward?
BTW, those salaries/benefits are recycled back into the economy as these employees spend their money. It is far better than “investments” by rich people that have a debt offset (require repayment PLUS interest/dividends).[/quote]
That’s the point. Obviously the money is not going to services. It’s going to the public sector’s pockets.
We have a $19 Bill deficit now in Cali:
That means $15Bil of that deficit is due to pay and benefits.The hell with that. Just fire them and problem solved or cut everyone pay and benefits by 20%. I say that because I think our budget is around $100Bill. Since 80% is for pay and benefits(what a joke), then all you have to do is cut pay by 20-25% and budget is fixed and no decrease in services to the illegals etc.
I don’t think you know the answer to this because I guess you work for the State but do you have idea how many businesses would stay in business with a payroll that was 80% of revenue??
Why can’t we run government like a business?
John
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