Page 7 - Double Dipping News Today

We are in a budget crisis. >> gregg: one example a fire chief got a $900,000 lump sum. mind you hell get annual pension for life. you got a deputy police chief, $700,000 lump sum. all the while they are collecting a paycheck, too. >> right, absolutely. >> double dipping, clearly. >> the voters approved this. >> gregg: they were desperate. >> they were. a lot of veterans were leaving the force. this was seen as one way to keep them going. there was some corruption issues but city officials they d...

Whammy and i dont think theyll recover by november. >> thank you very much. looking forward to your show tomorrow night. >> mike huckabee in his home state. >> the president in north carolina today, is his new healthcare law about to cut it off at the pass? three more companies reporting its going to cost. verizon says close to a bill bucks. democratic congressman steve cohen is not too concerned. good to have you back. >> good to be back with you. beautiful spring day in memphis. >> neil: do yo...

Trouble and i live in new jersey, so were a prime example ef of a state in trouble. and the answer is we simply cant afford to pay the pensions, people working, teachers, firemen, policeman, working for 25, 30 years and paying a pension that costs sometimes five, six times the money they ever made work this that job. >> well, martha, we have a unionized work force in the public sector, while only 7 percent of people in the private sector belong to a union, something like 40 or 45 percent of gove...

To be the head of the teachers union in that area, also chris christie in new jersey is getting a lot of heat, he was in the school system in mount claire, new jersey the other day and there were protestors outside, to take on this issue, to start to say so the unions youve got to come to the table to rework these deals because its going to bankrupt our state if you have to pay this out the way it is now, thats pretty tough politics. >> i think the unions are going to have to recognize concessio...

>> why being on the water can sink your budget. >> owning a boat is expensive. >> but now you can be the captain of your ship. >> living on the water is a great life. >> its all "happening now". >> but we begin with hillary clinton e-mail controversy. now it is a matter of law in a court of law. the federal judge holding a hearing that is getting underway right now dealing with the request of freedom of information act. welcome to "happening now". i am gregg jarret in for jon scott. >> and i am ...

Think after you work your whole life they can steal 40% more of it? >> well, partly because the government has to continually be fed. if there was ever a reason for tax reform, it is not just this one but this whole month, when everybody is working feverishly to pay their taxes, the date this year was april 18th everybody works from january 1st to april 18th all of that money up until then goes to the government and then you get to keep the rest of the money that youre earning. i think tax refor...

Stockton, california did the same thing. and both are part of a growing trend of municipalities filing bankruptcy under crippling debt. charles payne actually sees it as a good thing. explain. >> it the worst case scenario, but its a good thing, the only way to break up a lot of obligations by both sides of the aisle and you cant base pensions off people retiring at 50, double dipping, and you think youre going to make 8% a year. i mean, all of it was completely outlandish and now-- >> now theyr...

Latest updates on this topic.

Latest updates on this topic.