For thirty years, during which time Governor Paterson’s generation and those before have dominated the state legislature and much else, they have continually voted themselves an irrevocably good deal every time the economy was up and money was rolling in. And then imposed “shared sacrifice” on younger generations and those without connections every time the economy was down and money was scarce. From public debt to the infrastructure to the environment to seniors who pay no tax while young people with the same income are taxed double, the story has been the same. And in public service, as I wrote here, public employee unions have pursued, and the state legislature has passed (generally without a single ‘no’ vote), ever richer pensions after ever shorter careers every time the economy was up. And claimed the time spent living in leisure off other people would cost nothing. In reality, this has been balanced by lower pay and benefits for future public employees every time the economy was down, part of a pattern of younger generations (except for the very rich) being worse off economically in every way ever since 1973. In exchange, the unions have told their members they have the right to do a worse job, since they were underpaid.
Several months ago, the man who claimed that on day one everything would change had a chance to veto a bill that simultaneously allowed NYC teachers with seniority to walk out the door at age 55 and live off others for the rest of their lives, and cut the take-home pay of future teachers significantly. The usual. Eliot Spitzer signed it, a couple of weeks before it was revealed he was screwing the young literally as well as figuratively. Now Governor Paterson faces the same choice between fairness and privilege.