Page 5 - Pension Problem News Today

Foremost. we have to make it easier for new jobs to be created. we are going to cut taxes. streamline regulation and bust the bureaucracy strangling businesses and have an economic development team that will hang on to jobs here. that will increase the revenue side of the equation. if we dont put californians back to work there is no way out of this fiscal mess. on the cost side, we have got to run the governor efficiently and effectively. ive talked about downsizing the government. ive taked ab...

Republican convention and now hes at 15% with photos of him on a beach. >> i remember the sound check at the tampa convention, out on the floor and people flocked to him, there was this flow before he gave the me-note, and mitt romney who he was there to nominate. things went badly for chris christie and some of the problems were evident before 2012. christie came in and had a serious structural pension problem and they are now in the worst state of any state of the country. he had other kinds o...

The last report said if the pension problem was fixed new jersey would be in good fiscal position. this is not about not having enough revenue. the government was too big. weve made it smaller. if the pension system continues to get better we will be fine. >> if you havent been able to fully solve the crisis and make democrats do what you want them to do in new jersey, how are you going to do it in washington? >> wait a second. we have taken a pension system that was about to go under and now it...

The last report said if the pension problem was fixed new jersey would be in good fiscal position. this is not about not having enough revenue. the government was too big. weve made it smaller. if the pension system continues to get better we will be fine. >> if you havent been able to fully solve the crisis and make democrats do what you want them to do in new jersey, how are you going to do it in washington? >> wait a second. we have taken a pension system that was about to go under and now it...

Jersey its tough to get them to push even further. what the last credit report said was, if the pension problem were fixed, new jersey would be in good fiscal condition. this is not about not having enough revenue. the government was too big. weve made it smaller. if the pension system continues to get better we will be fine. >> except -- all right. but if you havent been able to fully solve the crisis and make democrats what you want them to do in new jersey, how are you going to do it in washi...

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Experiment has been bad. it will be wait on the housing market in the future as they sell off the nest egg for the retirement pension problem, we guarantee people too much. in san francisco, they guarantee 3.5% return. professional managers who did it couldnt come across with it. this is a democracy. we gave the unions that. we shouldnt have. all you need to do is lower expectation and the pensions work fine. professional managers do a better job than individuals. >> david: victoria, all over th...

Complicated stuff -- megyn: because i saw something about pensions they were worried about. >> yes. because with paying out so much more than were bringing in -- megyn: i saw something about pension bees and health care subsidies, and i thought, wow, theyre really getting into the weeds. >> theyre looking at our overall financial situation and saying youve got a pension problem. youve got a health care problem. youre running up a trillion dollars worth of debt every year, you cant go on like thi...