Here’s a Term Sheet:
1. No tax extensions or hikes.
2. If you ask me to reconsider #1, I will insist on tax CUTS across the board, 10% of all existing rates plus reinstatement of the child tax credit.
3. Cut spending massively. Make clear to the public that less-drastic cuts would be needed if union goons agreed to pension and health insurance reforms.
4. All new employees get zero state-paid pension money (they get the equivalent of a no-match 401k) and pay 50% of the actual cost of their hralthcare premiums.
5. See #3.
Call the governor of Wisconsin for advise.