Page 784 - Pensions News Today

When the president jumped in and said i want this. whats hard for me to understand is how he thinks thats better for the american people. byron gave you the history. we lived through the savings and loan crisis and the one that went on later. you got to say to yourself, when are you going to learn people are greedy and government has to have regulations to control their greed. this is going to happen again as sure as im sitting here. >> i had a gentleman say whats not getting any publicity is th...

Revisit this in three, five, ten years when youre allowing the banks to get into a business in which theyre taking the savings, pensions and the dollars of hardworking americans and put it in the market. investment banking is a separate enterprise unto itself. it should not be comingled with the banking opportunities for small business owners and for families. and i think this particular provision is going to come back to bite the american people down the road. so thats having said that, i think...

Disaster, and we are spending 60% on the military, a military that cant even account for its budget, and the third objection that is very important, there is language in the bill which reveals 40--year-old federal law protecting workers pensions. if this bill goes through, millions and millions of workers who have worked for 20 or 30 or 40 years on the job, may find out the pensions they expected were cut by 30, 40 or 50%. so i am going to vote very strongly against this legislation. i think we ...

40-year-old federal law protecting workers pensions. and if this bill goes through, millions and millions of workers who have worked for 20 or 30 years on a job, may found out find out that the pensions they expected were cut by 30, 40 or 50%. so im going to vote very strongly against this legislation. i think we can do a heck of a lot better in terms of protecting working families. >> not in terms of the overall scope and aims of the bill, but in terms of some of the really specific stuff, some...

Senator warren might undercut whatever goodwill exists. >> what those things are is unclear. >> im not go to give up on this presidents last two years, joe. >> no, im not trying to give up. but what do we get? what do retirees get? they went after retirees pensions. now its ten times more. very wealthy people can now give $324,000. what does the average person get? what do we as working people -- >> all philadelphia congress people voted for this thing. do you think it might have something to do...

So, in the police and fireside of the pension house, their pensions were not cut. their cola was cut by about 40%. and on the civil side, their pensions were cut by about 4.5%, but that was significantly better than the almost 26% we would have had to cut back if bedidnt gbwe didnt get that money. so, theres some reductions, but the pensioners, thankfully, and i appreciate their efforts, voted for our restructuring plan by over 82%. so, that was very helpful. >> thomas? >> so, we have a crime ra...

Caviar he could have bought a house in detroit and helped revitalize the community that he says he cares so much about. >> professor dyson whats your reaction to this? this pays for privatization and squeezes out minority community, doesnt it? >> it does and its very shameful, i think, in light of the fact that detroit has been such duress that the billions of dollars that the monies that were spent in the effort to somehow reconstitute the infrastructure economically and financially detroit cou...

Prevent records from being used in a rape case, a murder case, but you know what theyre used for all the time? to collect taxes, to prove you were in new york more than you said you were in new york. there are a million cases like this. i can prove its has nothing to do with race. its usually indians the cops are roughing up for selling untaxed cigarettes. >> nine of the 31 arrests are for selling untaxed cigarettes. >> and if we knew -- if instead of selling untaxed cigarettes eric garner has b...

Of selling untaxed cigarettes eric garner has been accused or guilty of assault, a rape, then you wouldnt say that was undue force. what is shocking about that videotape is, are you kidding me? this is for selling untaxed cigarettes? do not stand between a liberal and his taxes because thats how they pay for their beloved public sector unions and their ridiculous pensions. >> you see, six dollars a pack state and city taxes. >> oh, yeah. >> they have created a black market. >> yeah. >> i dont bl...

Going to deploy the police to collect taxes because they need to pay the pensions of their public sector buddies, bloomberg starts arresting all these people. and notice which case did the left, the msnbc, "new york times" obsess with, everyone who saw the tape of eric garner, oh, my gosh, they have five cops for untaxed cigarettes? but thats not the case the "new york times" is interested in. thats not the case msnbcs interested in. no, its a guy in ferguson whos trying to kill a cop. i mean, t...