Page 811 - Pensions News Today

In ♪ up next politics of pensions. illinoiss governor pat quinn says coming back is critical in saving the states economy. the public employees are not socon vinced. thats next on "morning joe." (vo) you are a business pro.

Another $20 billion in cuts to the defense side of the budget. that is because of a kind of peculiarity of the way sequestration works. in 2014 the defense spending caps were going to have to come down another $20 billion. there are a lot of republicans in both houses that didnt like that. as you both mentioned, were talking about $65 billion less in spending cuts under sequestration. so the spending caps go up that much. now, interestingly, theres another 20 or so billion above that that theyre...

Everybody else on this 29-member committee is going to probably just sign off, if they agree. now, lets move on. the goal here is simply to avoid another fiscal standoff like those weve seen in the past couple of years. its a very low bar. bob bixby says theres no budgetary or fiscal strategy in the choices that murray and ryan have used except the strategy of avoiding any hard choices. so what do we expect this agreement to look like? heres somewhere what it looks like. its a two-year deal that...

Senator patty murray and congressman paul ryan may be close to a budget deal but minorities on both sides, house democrats and senate republicans, have some concerns. democrats are especially worried about what this deal might mean to the middle class. maryland democratic congressman chris van hollen is the top democrat on the house budget committee. always good to see you, congressman. good morning. >> good to see you, chris. good morning to you. >> i think you know the reports are the deal cou...

This whether theyre part of the medicaid switch or not. home depot founder and, ken langon. its good to have you here. >> how are you, neil? >> this health care thing. >> its a mess but we have other problems we need to address. look at detroit. a very ominous story there about pensions, about the affordability of pensions, about an exodus of people, two million, down to 700,000 people in 25 years. generational theft. all ties into the same thing, entitlements and benefits. >> the healthcare thi...

Forth over whether this would be a deal-breaker. first nancy pelosi said it would be and then she back tracked a little bit. dick durbin said its not. but the president did use his weekly radio address to push republicans on the extension. >> for many families it can be the difference between hardship and catastrophe. last year alone it lifted 2.5 million people out of poverty and cushioned the blow for many more. but heres the thing. if members of congress dont act before they leave on their va...

It also comes with the price. $1.50 more a day. that adds up to $550 more per year. meat is more expensive for the health iier versions. grains and dairy have less of a price difference. how can you eat healthy on the cheap? >> one way to make your meat dollars go further is by adding beans to the meat. that way can you use less meat for more food. >> thats one strategy. and, of course, its worth pointing out that money is only one challenge as well. cooking healthy also takes time. but this is ...

And were asking employees who may be great at teaching or being a jail guard or being an administrator to take on a task that really beyond them. >> how many people would be affected if cook county does in fact start to cut into the pensions of former city workers, county workers? >> well, theres 15,000 people in cook county that are currently -- 15,000 retirees and 15,000 employees. thats a much health iier ratio. but thats a problem across the country. city budgets have shrunk. there are fewer...

Has that all american look and plenty of talent as well, but youll never guess what reality show title she could win. but first, earlier this week, a judge ruled the city of detroit is eligible for the largest municipal bankruptcy in u.s. history. its a decision that could back the pensions of thousands of former public service including retired firefighter malusky. chief medical correspondent dr. sanjay gupta has his story in todays "human factor." >> multiple firemen down. >> reporter: youre...

Statute and saying, well, it is the bankruptcy process taking away the pensions. it is not. its not the bankruptcy statute. >> ron, quickly, you wanted to add something? >> another analogy. how much money did the federal government and the state government put back into new orleans after katrina? and that money was well spent and the citys coming back further than it would if it hadnt been for that money and, you know, that was a natural disaster but this is a six-decade long cultural disaster t...