Page 4 - Pension Programs News Today

Their private sector counterparts. so we have to be very careful when were dealing with overall compensation. jenna: i was looking to see the last time we looked at federal workers pensions and it was in 2000, where there was an increase in the federal pension programs by 1.5% or so, so youre saying for any of the federal workers now, you dont want to touch that, but any future employee, youd be open to renegotiating how much they contribute to their pension? >> i think we should take a fresh lo...

The dna raise and normal blood transmorphs into tiger blood and results in -- >> winning, winning, winning. winning, winning. >> possibly herpes. >> so you can see it all turned perfectly fine. theres no -- >> hi no idea could you transmit tiger blood. "chicago tribune," teachers retirement system, largest and costliest of the pension programs is now almost $40 billion short of whats needed to cover future benefits. it is the deepest financial hole in 20 years of state records. >> "wall street j...

Us back in special session any time. and the special session that we were in has just been temporarily recessed. >> when you come back, what happens? >> well, well go back to fight the biannual budget which the governor introduced. he has decided to cut public education, and he has furthermore taken the lifeblood out of aides to local units of government. the process that is subject to review and were going to be out there fighting to preserve the wisconsin way. >> youve got a budget deficit you...

Occurred in the private sector. >>neil: they say your successor went a step further and these are union busting techniques and strategies going beyond just bringing in the benefits and some of the perks to killing off their jobs. what do you say? >>guest: well, first of all, you need to understand that the changes must come about because if someone everyone to negotiate they would not negotiate reductions. the unions would not have support to negotiate reductions so what would they negotiate? th...

Pensions are out in the public and the public sector pensions are in the dark. just this morning you saw governor christie was, i think on fox news and i saw where he said there is $54 billion just in new jersey and unfunded liabilities this, is a major problem. the federal government is not necessarily their role, but its important for to us get all of the numbers out so we know the size of the problem. >> shannon: that is one of the issues is that you dont know how bad the problem s so you wan...

An all-time high, more than $14 trillion, $45300 per person. and in spite of raising the debt limit, and at a g.o.p. retreat house speaker boehner made it clear that any attempt to increase borrow wog have to be tied to major spending cuts saying washington has an illness, the illness spending. american want it scored. >> and costly pension programs for public employees are now in the spotlight. california congressman is proposing a ban on federal bailouts of public pension programs, he joins us...

Responsibilities. were grateful for that right. congressman thank you for your time. well look for new mixes seating in the state of the union if that is where it go autos take care. >> shannon: you, too. >> shannon: a new miss america is starting her reign today. >> miss neb! -- nebraska. >>. >> shannon: miss nebraska is just 17, the youngest win winner since the pageant was instituted. she played piano for talent and answered a question about wikileaks. she plans to go to law school. watch out...

States when they should pay their own bills? where does washington get the money? from the people in the states and it sends it back. >> they say this is paid for. you may see it different but it is money paid for and some already accounted for. >> its phony money. what i find interesting, i dont know if you saw the piece i did, but the way to deal with to crisis and i dont want to see teachers laid off and neither do you but there is a good way for the states and cities to deal with this, why n...

Pension programs for the public employees. add it together between we are speaking -- >> sean: you are talking about liabilities social security in the red. 50% of americans now that are not paying any income tax. half are paying half are not. one in eight americans are on food stamps. 40 million americans on food stamps. heritage foundation study one in five americans depends on the government for either housing or food or some services. so i guess the question is, how bad can this get in your ...

Pension programs for the public employees. add it together between we are speaking -- >> sean: you are talking about liabilities social security in the red. 50% of americans now that are not paying any income tax. half are paying half are not. one in eight americans are on food stamps. 40 million americans on food stamps. heritage foundation study one in five americans depends on the government for either housing or food or some services. so i guess the question is, how bad can this get in your ...