Page 808 - Pensions News Today

This deal also asks for more money from government workers and from military personnel for their benefits, thats taking even more money off main street. >> i completely -- >> i dont see this as any kind of stimulative process. >> i agree with that. kate, i suspect that there will be more of a backlash, i think, on this issue about pensions. but certainly i want to stay on unemployment insurance for just a moment because what strikes me is that the language that is being used is similar to the la...

Pensions for military retirees, and keeping in place a 2% place in medicare payments to doctors. but its a compromise. right? i mean, democrats managed to keep the republicans from slashing and burning medicare or medicaid or social security and republicans manage to give a few more billion in deficit reduction and no new taxes. the federal government wont be shut down. but is that really something to celebrate? i mean, i might be inclined to celebrate if the deal completely ended the sequester....

Our curious. were still on a course for disaster. >> were back. james freeman also joins us. dan, is rand paul right or is paul ryan, the architect of this deal, right when he says its a small step in the right direction? >> i think congressman ryan has the better of this. its a small step in the right direction, especially with the fact theyve now got federal workers paying more into their pensions. this kind of corresponds with what republican governors have been doing in states. it makes it s...

Bipartisan agreement to do that. were saying you guys ree tire at 40 and go work other jobs so were going to cut back on those pensions. is that a reasonable payway to think about those tradeoffs? >> a reasonable way of looking at this is were going to be spared the fiscal cliff metaphor. it could have been monetary outcropping. budgetary butte. i was stoked for round three of this but its not going to happen. people are realizing its not black or white, not one party versus the other. even with...

Control. and hopefully this will come to an end after the next election. well get some sensible government. after all, even john boehner is calling people ridiculous. >> it seems to you like in 2014 we might see a shift in house leadership? >> maybe the democrats running it possibly. but most importantly, this is a deal in which were taking from poor children, 57,000 children out of head start. were going to cut by a billion and a half dollars medical research that saves lyes. and were going to ...

I guess the budget vote is in doubt, although every source i have says everybody in the past, even people who vote no, the question is who are going to be the five to seven republicans that will vote yes to make this go through. >> youve got people like john mccain upset about military pay and pensions. youve got others on the liberal left side concerned, understandably as well, about the extension of unemployment insurance. there are competing pressures, patty murray and paul ryan said they did...

Everyones squeezed. like, physically squeezed. like squeezed into the plain and met foreically squeezed. squeezing pensions and squeezing services, and squeezing everything out of everyone involved in the industry. >> well, what hasnt been squeezed, looking forward, instead of back, are airline profits. if you look at the stock of airlines, the u.s. carriers, they more than doubled their stock price in the last year. and there are many low-margin businesses, the food business, travel and tourism...

He cut, as i said, about a billion and a half in total from education in order to give a corporate tax break. but then what he did was to pay for it in addition to education cuts, he created a new retiree pension tax. people who have been promised this retirement income, he created a new tax on them. he also did away with something called the child tax credit that for parents raising kids received a tax credit to pay for -- >> so those are two things he did. he got rid of -- two things he did ri...

Plans. with regard to interest, no, we lost the democrats in these negotiations by not getting extra revenue, which is what we have always said would be a fair and balanced approach. people have to work for this. they can sleep and get this money. but at the same time, the republicans werent able to crack us on what they really want. they really want to cut benefits for medicare and social security. and senator murray held strong on that. so in the end, neither democrats or republicans got reall...

Valui values of the republican caucus which dont value job creation, dont care about the long-term employer. im concerned about the fact that were going to have trouble attracting top-flight talent to work for the federal government if we keep on attacking these folks pensions. >> so what kind of deal would you propose, then, if youre willing to try to get republicans to compromise? >> thanks for asking. >> and bring in what would be entitlements -- what would you be willing to give up in exchan...