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That is an enormous chunk of city revenue. this is a stark warning for cities across the country because now moodys investors, which is the credit agency for wall street, some 8500 local cities and counties are now unfunded and their pension liabilities by $2 trillion. that means that you are obligated to pay, but you simply do not have the money. here is the biggest problem. when cities invest in pension money, they base their rates on return at between 7.25% and 8%. in actuality, they are only...
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To 11 is not a good rate. >> eric: before you jump in. pull up a full screen. see who is doing better. doing fine in actuality. the public sector or the private sector. federal employee wages. this is from the bureau of labor statistics. $37,000 a year -- $73,000. if you go private sector, its $47,000. wages among federal workers 4.2%. private employees we dont have the actual number but it has to be above 8.2% because 4.2% of public sectors workers are in that number. >> bob: but you are not co...
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Say crazy things and maybe well pay attention and maybe we wont but when you give him a platform, then you have to begin to worry about the kind of people hes going to influence. and god bless the secret service here. with this particular president, theyve had to field a lot of credible and less credible sort of threats and different situations, much more than any president prior to president obama, and so people may think that theyre overreacting, but in actuality, this is their job. they actua...
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Heres the thing, ted nugent is a nut case, and hes going to say crazy things and maybe well pay attention and maybe we wont but when you give him a platform, then you have to begin to worry about the kind of people hes going to influence. and god bless the secret service here. with this particular president, theyve had to field a lot of credible and less credible sort of threats and different situations, much more than any president prior to president obama, and so people may think that theyre o...
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Year, so as a candidate, she is trying to use that to claim foreign policy expertise. letting iowa voters know today she is johnny on the spot when it comes to all the latest on foreign policy. >> i heard this morning on the local station here in spencer that obama was sending troops to australia. yeah, thats what i heard. >> are you kidding? for what reason? >> i dont know. >> now, thats -- okay -- -- i dont know what that reason is, but i will definitely look intoรง that. >> michele bachmann c...
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>> you know -- >> killed at a negotiating session. >> its just -- the symbolic -- symbolically and actuality is as bad as it gets right now. >> chuck todd, seeing you later, thank you very much. >> all right. rick perrys accusations against the presidents israel policy highlights the political and diplomatic tight rope that president obama is walking in new york. the presidents relationship with israel the cover story of this weeks "new york" magazine, written by john heilemann joining us from...