Sitting Down with the Treasurer

RI General Treasurer Frank Caprio invited Anchor Rising for a sit-down chat in his office last night, centering on pension issues, but touching on various other matters.

In general, I think the four of us in attendance were reasonably impressed with the treasurer's explanations for economic policies and his knowledge of political history in Rhode Island. In specific, some of the more detailed material is going to take time for us to digest prior to comment, but a few clips might be of interest to readers right off the digital recorder:

• On complete financial transparency in his office, to be unrolled in a few weeks: stream, download
• In opposition to the use of state-owned vehicles: stream, download
• I got a chuckle out of the notion of fear among those in his office promoted beyond the union's bounds to become (scary music) at-will employees: stream, download
• Caprio's got a merit-based promotion system in place with his workers' union, and he thinks the practice is transferrable across government: stream, download
• Apparently, Rhode Island "only" pays 7% of its revenue toward debt service. I wasn't wholly satisfied with the Caprio's description of the comparative appearance of that statistic against a typical business and wonder whether it's fair to compare the government to a mortgage-paying household: stream, download
• On the possibility of municipal bankruptcy (or entry into "a process"): stream, download
• On his pension-plan thinking. Apparently, much of the cost of switching to 401k would come from accounting rules, but with the possible loophole of diminishing, rather than "closing" the defined benefit program: stream, download
• The reason that Rhode Island actually ranks pretty well when it comes to retiree healthcare costs: stream, download
• On abortion and same-sex marriage, neither of which would be his center of focus for any campaigns or offices: stream, download
• Running for governor?: stream, download
• Wherein I continue to strive for an answer on the social issues: stream, download
• On eVerify and immigration: stream, download
• On branding the state otherwise than with corruption and mob films: stream, download
• With regard to a port project and other initiatives, the treasurer agrees with me that a broadly attractive economic environment (tax cuts included) ought to be the focus of policies: stream, download
• An interesting response to my question about his thoughts on Republicans running as Democrats ("Why not the reverse?") and a discussion of the RIGOP: stream, download