Page 842 - Pensions News Today

Promising $7 billion for some type of communication infrastructure. these are our fellow americans. we spend tens of billions of dollars building countries in the middle east that hate us. look, im not for federal bailouts, but thin thing stephane makes thats right is these guys went to work every day and was promised something and wont get it. the auto bailout was a pension of unions and pensions and im not for a bailout on that. why are we spending so much money bailing out our own ken try and...

Suburb out there that if it has a great education system, a great school district, will not prosper or at least be stable. and so whats happened in detroit is not just a reminder about the issue of pensions and managing a city budget well. its also a reminder about these urban school districts and how much at the local level the federal level and the state level we need to focus on urban education to lift up the quality of those schools to be creative, to include things like charters, so that fo...

It is a very vicious cycle. it is the republican way. and the emergency city manager is to blame. orrs job was to save detroit was collapse. he failed miserably and now he gets to manage the bankruptcy? one of his major targets is public pensions. >> pensions have been at the forefront more acutely in the past eight years when we borrowed 1.5 billion supposedly to fix the issue back in 2005. were going on all treat both classes of predators equally. secured will get paid in fulfill because of th...

Detailed discussion and plan outlined by say the local mayor as well as the state, as well as nationally. we need to come together and figure out a way to quell this storm. i think it starts with examining the pension fund obligations that weve promised historically to people that have retired. kelly, you cant retire -- im talking police and firemen, 20 years on the job and then collect a pension check -- people are living longer. you live to 90 years old. you will be collecting a check longer t...

Show." this is the story for the folks who take a shower after work, the working folk of america. chicago public schoolworkers are once again under attack. it just doesnt seem to stop. friday, over 2,000 teachers and staff received a pink slip in the mail. this comes just after one month rahm emanuels decision to close 49 public schools. the city closings resulted in the firing of 850 teachers and staffers. theyre out. the district blames the $1 billion budget deficit on their inability to refor...

Happen to their pensions. >> everybodys living in fear right now of whats going to happen. >> i dont know what my future will be right now, but just get ready for the new detroit. a tragic accident has left one woman dead at a dallas area amusement park. witnesses say they saw the woman fall from the texas giant roller coaster friday night. park officials are now trying to determine what caused the accident and if the woman was properly restrained. police are investigating claims that four e...

Public pension benefits. it will be a fight. a short time later, the michigan attorney general challenged the judges ruling. it is possible this fight could go all the way to the michigan supreme court. i think you can count on it. for more, lets turn to bernie sanders from verlt. good to have you with us. the template i think is being set by the conservatives that if they can get detroit to go through this, wont be so hard for other cities to do the same thing and the road to privatization star...

Benefits. what do you think about that? >> i think thats absolutely whats happening. there are people who dont believe if you have worked for the city for, say, 25 or 30 years, under the the promise that when you retire you would get health care and pension that you should get it. >> yeah. >> i happen to believe that you are entitled to it. now, the unions have indicated that they are willing to come to the table and change that model going forward for current and future employees. but what do y...

Our -- the last 100 years or so, but they lived high on the hog, and they -- and they are paying the price now. they increased the pensions. they hired this, you know, public workforce that they found incapable of firing, so now they are paying their due. its like the child that eats just too much candy. you dont reward it. thats what the government would be doing. saying, okay, you know, your bad behavior, its okay, well give you money, which by the way the united states does not have. >> weve ...

Detroit files for bankruptcy, but when. many people told me we were shocked. this is about decades and decades of mismanagement. this is about a population decline in a city since, frankly, the 1950s it has been in decline and this is what happened. a divisive decision that came down late yesterday and frankly the question is now will this help or hurt the people in this city. detroits downfall has been decades in the making. >> this is not a recent development. this is going on far too long and...