Page 754 - Pensions News Today

We talk about the republicans taking 25 million peoples health care away from them but if the democrats are in we can talk about how were going to help them with their wages, their jobs, their economic security, their pensions, reducing their health care bill and energy bills and putting money in their pocket. this is not a fight we just want to have. we have to have these discussions because we owe it to the american people to put us in a position to be able to fight for them. right now we dont...

Leland: when we come back, this is not possibility, but could a national state go bankrupt? the money problems in illinois and what it means or so many peoples pensions. you dont let anything

He refuses to negotiate. hes the speaker in american history and at the end of the day, the only thing he wants is power. its become very problematic. >> the governor had a business background. what was his plan was elected the unfunded pensions? that is one of the biggest issues here than almost $200 billion of unfunded pensions? >> that is one of the biggest issues. about $130 billion of unfunded pension liabilities. 20 billion in just one year. thats not the only issue that exists in chicago....

In my little brother, my younger brother was in the car with three of his friends when it was riddled with bullets. elizabeth: we need the police to stay on the payroll. we need everything up and running. im curious about the fact our viewers at home all over the country say why should i care? they should care because whos going to pay for this? >> the citizens of chicago in illinois are looking to get bills about the federal government. the leadership refuses to sit down and say look, we are go...

Talk about how were going to help them with their wages, 5their jobs, their economic security, their pensions, reducing their health care bill and energy bills and putting money in their pocket. this is not a fight we just want to have. we have to have these discussions because we owe it to the american people to put us in a position to be able to fight for them. right now we dont control any of the levers of government as senator sanders said earlier so we have to win these elections and put ou...

In 2016 than any other state. people want to get out of there because they think theyre being charged too much by the state. >> yes, david, and this is the third year in a row that has happened. companies are leaving illinois which is why they have to throw tax credits and try to bribe them to stay that. if you want to see whats right two neighbors, wisconsin and indiana. theyve done fiscally, cut taxes and they have a booming economy. look at the midwest, look at their neighbors. david: or zero...

And one says dont bail them out. why not, rich. >> and you encourage this behavior across the united states. whoever promised these kind of pensions were imbeciles or liars. you cant come to the conclusion when you pay the outrageous pensions for 20, 25-year careers. david: so mark, dont pay off the damn liars. >> look, i think this needs to be put in context. illinois is not a high spending state, but it has monumental pension liabilities as you mentioned and its going to have to raise taxes to...

Of over $80 billion. so i feel for the people whose pensions are not going to be paid out, but i feel for the taxpayer, too. david: a bailout would encourage the wrong type of behavior? >> exactly. you want the investors to be burned and that states and cities can default so hopefully they dont invest so much precious capital in waste. they put it in things that do good things. david: mike, youve been doing comparison shopping with regard to states and fiscal policies. >> some of the bad news, w...

People who commit egregious offenses at the v.a. keep their job after exhaustive review processes and pensions or bonuses. and makes us all extremely upset that this is how our government operates. it all happens in the shadows. the swamp operates with special interest and bureaucratic language. this changes the bureaucratic language away from a preponderance of the evidence to substantial evidence and gives deference to the person firing, person being fired needs to prove why they should keep t...

Process. but to date indicated it plans to play a role in house senate talks. and this morning, the president reacted to the senate draft positively. >> little negotiation, but its going to be great. >> reporter: but there will be little time for that negotiation. house majority leader mitch mcconnell set a goal of voting on the bill by the 4th of july holiday. and all of these concerns are being raised before the congressional budget office has even had an opportunity to weigh in. majority lead...