Categories
Accountability government transparency too much government

Illinois Pension Ills

When it comes to the full faith and credit of the Great State of Illinois, three major credit rating companies judge it the lowest in the union. The problem is that state politicians made pension promises they didn’t pay for and still aren’t.

How bad is it? Illinois’s total unfunded pension liability now tops $200 billion dollars – that’s roughly 250 percent of the state’s annual revenue. And growing.

But take, heart!

Gov. Pat Quinn just said that the massive pension shortfall will grow at a slower pace than previously thought, $5 million (instead of $17 million) a day.

Whoopee!

Folks at the Illinois Policy Institute are a little mystified by this pronouncement, though. The projection seems based more on wishes and hope than the straight dope. Besides, “this isn’t the first time the state has predicted that the growth in the state’s unfunded liability would slow,” Institute Senior Fellow Jonathan Ingram writes, noting that “the exact same prediction was made last year based on the actuarial projections made in fiscal year 2011. The systems predicted that the unfunded liability would grow by ‘only’ $5.3 billion in fiscal year 2012.”

The conventional wisdom blames too many years of the legislature shorting the annual payments to the five public-​employee retirement funds.

Another way to look at it is simply that politicians are a whole lot better at promising than delivering, and defined benefit (rather than defined contribution) pensions are too tempting to trust to any politician.

This is Common Sense. I’m Paul Jacob.

Categories
Accountability crime and punishment ideological culture

Ding Jinhao Was There

Boys will be boys. And tourists will be tourists.

Not long ago, a graffito was spotted on an ancient Egyptian wall — a stone relief, with pictographs and representations and the whole gamut of ancient Egyptian art — photographed and then posted to the Internet, where it got more than 100, 000 comments.

It was soon discovered to have been scratched into the wall by a 15-​year-​old lad from Nanjing: his mark read “Ding Jinhao was here.” And then came the firestorm. Though the BBC tells us that Egypt’s ministry of antiquities has dubbed the scratchmarks “superficial,” the “controversy comes days after Wang Yang, one of China’s four vice-​premiers, said … that the ‘uncivilised behaviour’ of some Chinese tourists was harming the country’s image.”

Welcome, China!

Previously, the world had been blessed with the Ugly American, the Annoying European, and the Over-​Photographing Japanese — tourists from wealthy or up-​and-​coming countries not uniformly presenting their respective nations in the best possible light as they tramped abroad.

In this case, though, it’s worth noting that most of the scandal is confined to China itself. The bloggers’ ire was primarily an in-​group thing, and even the government (especially the government?) has gotten in on the shame game bandwagon, trying to needle tourists to behave themselves. (So much so that the desecrating teen’s father pleaded for the critics to let up — “too much pressure,” he said.)

As an I‑try-​not-​to-​be-​ugly American, I appreciate the Chinese concern for manners and image — honor, really. And hope that all their graffiti remains easy to repair, and that the concern for national honor doesn’t go too far in over-reaction.

This is Common Sense. I’m Paul Jacob.

Categories
Accountability initiative, referendum, and recall national politics & policies

Time to Wait

“You don’t ever want a crisis to go to waste,” said Rahm Emanuel in the aftermath of the mortgage/​financial/​intervention-​induced crisis of 2008. “It’s an opportunity to do important things that you would otherwise avoid.”

The “important things” most politicians want to do usually involve more government controls. Post-​crisis, they hurry to expand the state’s power over us before crisis-​bred emotions like panic and anger can fade.

In doing so, they often blindly ignore relevant facts that even a little time for discussion would bring to light. That’s why Glenn Reynolds argues for a “Waiting period for laws, not guns” in a recent USA Today column.

Efforts to push legislation through while emotions are high mean that the legislation doesn’t get the kind of scrutiny that legislation is supposed to get. Laws are dangerous instruments, too, and legislators seem highly prone to sudden fits of hysteria.

Even New York City Mayor Michael Bloomberg now says we must “start thinking a little bit more about the implications of things before we rush to legislate.” That’s “a bit rich” for Reynolds, since Bloomberg had PR men on standby to exploit the latest mass shooting as quickly as possible.

Still, if even Bloomberg is okay with hitting the pause button, “maybe the next time politicians want to rush a bill through without sufficient deliberation, others will have the fortitude to slow things down, read the bill and inform the public.”

This is not a pie-​in-​the-​sky proposal. In many cities and states, today, an informed public can even petition a hastily enacted law onto the ballot for a referendum, at least when legislators don’t slap on a phony “emergency clause” to speed their worst enactments past the people.

This is Common Sense. I’m Paul Jacob.

Categories
Accountability national politics & policies too much government

Sequester Squeezes Solons

The deep, excruciating pain inflicted by the infamous sequester’s automatic $85 billion in spending cuts is beginning to crush the spirit of our glorious leaders.

Every stroke of the pen hurts, as congressional budgets are slashed a mindless 8.2 percent. The resultant chaos, we are told, presents a fatal threat to our survival as a nation.

A recent Washington Post exposé revealed more than a few of the budget-​cutting horrors:

  • Congressional offices are wantonly canceling magazine subscriptions. Magazines contain important facts desperately needed by those entrusted with governing every aspect of our existence. Denied essential reading material, national literacy levels could plummet.
  • Communication between congressional representatives and their constituents is being disrupted as offices increasingly respond through low cost e‑mail, instead of mailing through the more expensive U.S. Post Office.
  • Foreign junkets are also getting scrutinized. For instance, the congressional delegation sent to Rome to welcome the new pope dared the indignity of flying commercial.

It has gotten so bad that U.S. Rep. John Campbell (R‑Calif.) was forced to actually look into the phone bill paid by his congressional office. He found he could save $200 a month.

The sickening reality of budget cuts? They always hit our poor leaders hardest. But somehow, without magazines or lavish junkets, forced to use email and fly commercial and occasionally peruse a bill, our solons bravely carry on.

This is Common Sense. I’m Paul Jacob.

Categories
Accountability national politics & policies U.S. Constitution

Droning On?

For my birthday, Sen. Rand Paul started a filibuster.

I jest. The junior senator from Kentucky had something more important than my big day on his mind: the U.S. Constitution.

At 11:47AM, Sen. Paul took the floor: “I rise today to begin to filibuster John Brennan’s nomination for the CIA. I will speak until I can no longer speak. I will speak as long as it takes.”

I didn’t watch all of his endeavor (yet). What I did catch was amazingly eloquent.

It was also very specific. The Kentucky senator had asked candidate Brennan not one but two substantial lists of questions regarding the drone strike program. He also asked the Obama Administration whether the president thinks he has the constitutional right to use drone strikes against non-​combatant Americans on American soil. Brennan had answered well enough, but left the administration to answer for itself. Attorney General Eric Holder responded, later, evasively.

And so Rand Paul took to the floor. And spoke at length — without teleprompter. He was joined, later, by Democratic Senator Ron Wyden. And then some Republicans, including Mike Lee, Ted Cruz, and Marco Rubio.

Though Rand Paul’s office had started a Twitter hashtag, #filiblizzard. It didn’t take off. Instead, #StandWithRand became the international trending topic.

The world watched.

But filibusters have to end. About 13 hours in, Rand Paul did end it, though not before insisting that, with regard to our rights, compromise is very, very bad: “The Fifth Amendment is not optional.”

If this filibuster solidified that constitutional principle, what a present that would be — and not just to me, but to all Americans. And the world.

This is Common Sense. I’m Paul Jacob.

Categories
Accountability free trade & free markets

Standing By, Standing For

While President Barack Obama, Intoner-​in-​Chief, reads his “State of the Union” Address this evening, in front of a Congress of Over-​Clappers, seated next to his wife will be Apple CEO Tim Cook.

Gene Sperling, White House economic advisor, enthused about the symbolism:

Apple is a great American company, and it stands for our sense of innovation, invention, entrepreneurship, and risk taking and I think that’s quite an appropriate person to be in the First Lady’s box when the president is talking about our economic future, the importance of job creation, manufacturing, innovation and how we create strong middle-​class jobs.

Apple is, indeed, a great American business — one of the few that people who typically disdain business can’t stop loving. But it might be worth remembering that Apple’s success doesn’t so much “stand for our sense of innovation, invention, entrepreneurship and risk taking” as exemplify all of those things … “our sense of” those qualities is secondhand at best.

But politicians like to soak up secondhand qualities. They eat symbolism for lunch and dinner.

I wonder if the president, in stating the union’s state, will dare compare the qualities of America’s best companies and folks like Tim Cook (corporate heir of Steve Jobs; master of the supply chain) with that of America’s government.

A huge chasm separates them. Having won the election, President Obama enjoys a captive customer base over the next four years. Mr. Cook does not. Obama seeks to raise his revenue by taking more from a tiny minority. Cook has to persuade people to willingly buy his product.

This is Common Sense. I’m Paul Jacob.