Page 3 - Pension Issues News Today

To investigate. if they dont investigate, that means either there is nothing there or they are too busy focusing on the other part -- >> jason: you do see that there was more than $10 million that went out the door there. sorry, congressman duffy, go ahead. >> thats because you have partisan hacks at the head of the doj and fbi. that is why ive called for a special counsel to look at the partisanship. >> and it has been rejected. >> i think all americans will say, what involvement did russia hav...

Budget cuts. his wife lives in southwest ohio, she will lost almost her entire pension, so i know you said you arent for finding way to make these pensions whole but understand this congress bailed out wall street banks including goldman and i hope you will change your mind in helping make these pensions whole. >> and i appreciate the significance of pension issues and i can assure you i had nothing to do with it at goldman sachs. >> i understand that but doesnt help rita lewis feel any better. ...

Infrastructure and minimum wage. i hope thats the way he goes. >> what are your thoughts about the spending cuts of $1.1 trilon that hits the middle class. the funding of some of these pensions are not the way people want them to be 30 years from now. why should someone who is getting to retire in 30 years will have to take a real cut for something they have been counting on here in the next several years. >> i voted against, that was part of the cromnibus bill. i voted no for a number of reason...

Traditional work place retirement plan. about six million working calfornians do not have access to personal 401 k options. so state lawmakers are trying to implement a mandatory way for people to save for the future. it would be saved in private accounts and managed privately, according to the proposal so individuals would choose how they invest their own money. the state mandate says only 3% is safe, heather. heather: there are a lot of supporters of this idea. what are they saying about it? >...

Hed like to post to you. >> one thing that strikes me is governor walkers approach in wisconsin was more partisan than what governor kasich did in ohio. governor kasich hit all the republican backing organizations within the labor movement and thats what coalesced to create the defeat for governor kasichs reforms, or what he called reforms in ohio and what governor walker did was much more one sided and that may intensify a partisan approach to these pension issues. i wonder if our guest worries...

Points and you know, this is a strange backdrop for a move higher in stocks because oil prices are up another $2 this morning to $106 a barrel, gold, also hitting a record high, so a difficult environment for stocks, but they seem to be moving higher this morning. bill: in florida over the weekend, well over four bucks for gasoline. everybody going out over the weekend, filling up their tank and seeing these prices go up and up. martha: no matter how you look at it, people have a rising out of p...

>> he can still go after collective bargaining rights six months down the road? >> absolutely. >> hes going to get this. he has a republican majority that has the same alteration he wants. i think at the end of the day, public is behind him in wisconsin, and the publics behind him nationally, i think the 29 republican governors all have fiscal problems. >> can i say something? this is really a misperception of what is the issue driving states into bankruptcy. yes, there are pension issues that a...

This is really a misperception of what is the issue driving states into bankruptcy. yes, there are pension issues that are significant. there are issues of wage levels that have to be dealt with. the crisis for states is a revenue crisis, we have had the worst recession/depression since 29, revenues are down 15%. all of the states costs are fixed costs, and so when you have that gap, you have a crisis, this is not suddenly the civil service workers are being paid so much more than they were two ...

Theyre paying for the past abuses. >> there you have it. democratic governor, youre speaking for labor. hes saying these big pension deals are breaking the states. your reaction? >> my reaction is then we should sit down and negotiate. thats how we solve problems in this state. not by writing bills that take our rights away to negotiate. we negotiate contracts every day and we bargain hard issues every day and we revolve issues every day. this has nothing to do with these budget issues or these ...

Theyre paying for the past abuses. >> there you have it. democratic governor, youre speaking for labor. hes saying these big pension deals are breaking the states. your reaction. >> my reaction is then we should sit down and negotiate. thats how we solve problems in this state. not by writing bills that take our rights away to negotiate. we negotiate contracts every day and we bargain hard issues every day and we revolve issues every day. this has nothing to do with these budget issues or these ...