Detailed text transcripts for TV channel - FOXNEWS - 20120621:11:46:00
Now, all right, why is that? thats a very large number. >> yeah. >> the answer is pensions. lets go back to the original story. it is pensions. states have not put enough away into their pension funds and they promised very strong pensions and you no theyve got to pay them. so the tragedy is all over america, young people are being fired from state jobs or not hired at all to pay off older people who have already retired. thats a transfer of wealth and job opportunities from the young to the old...
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