Page 7 - Industry Workers News Today

>> leave the new stadium out. the new stadium isnt on the budget, one out of four san jose taxpayers. >> there are a lot of things to look at. >> steve, steve, im not trying to make this a right, left issue, oh my god? >> neither am i. >> all i am is numbers. im a nerd. its not red, blue or me, its green. the nerd in me looks at this, 27% of a budget going to general pensions. little more than 20 years ago it used to be 4%. even i can read that math and say well, this aint going to work out. >> ...

>> well, for one thing, union memberships, most of the plans are in a tailspin theyre not getting out of. union spent $400 million getting democrats elected. we have earl pomeroy putting taxpayers on the hook for bailing out private union retirement plans. >> neil: how are thee being treated differently say than private industry workers where you have the backup of the pension benefit guarantee corporation, the ppgc and provisions to buttress those workers. youre right, pennies on the dollar, th...

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