Page 864 - Pensions News Today

He flying into the stands, injuring dozens of fans. nascar ares biggest race goes on. we will have the very latest. five days and counting with no deal in site on sequestration, government agencies get ready to slash their budgets. what gets the axe? especially in vital areas like homeland security? we will talk to congressman peter king about that. and letter from iran. an american pastor jailed for his christian faith manages to communicate with the outside world for the first time since his i...

>> if the union shut down a company, the pensions go bust and a 401 k, you can take that with you. >> you can make arguments. but lets not mess with the facts. the current plan and defined benefit plan is a better ritirement plan than the 401 k. >> and we are not too worried about boeing. >> i can understand the argument about taking wob forthe team in a tough time. but wouldnt that be more effective if the ceo paid 13 million a year . 30 million in stockings. why hasnt he stepud up and said i a...

Issue now versus 1965 or 1997, is that medicaid is now such a large part of state budgets that theyre much more sensitive to the issue are they going to be on the hook for this extra medicaid spending down the road. its 100% the first couple years, 90% at the end. what if it goes to 85%? 80%. thats what states are worried about. >> i will take them at their word. its amazing how state governments dont tent to lower about long-term costs in 2020. in a whole other variety of fields. >> its a large...

Public safety or somebody keeping the lights on, picking the trash up. weve got a city thats now 25% smaller than it was a decade ago. we havent figured out how to apportion the services and we have all these unfunded pension liabilities for people who actually did work and did do their part and should be entitled to a decent retirement and now the math doesnt add up. if we dont solve that there and figure out how to get people back to work, which the only long term solution to detroits problem,...

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Has created a new kind of gender gap in this democratic state that has him actually winning the female vote by 23%. numbers like that have to enrage talkers like glenn beck who have spent most of their adult lives working to make women voters run away from the republican party faster than you can say government-sanctioned vaginal probe. why would glenn beck or any self-described conservative like chris christie? damn good question. >> and you thought you were good with words. >> you know, hes cu...

>> dana: you know who suffer from that is the younger workers. the pension they had before, the retirement packages are not available to younger workers. they will have to pay more in the previous generations retirement packages. they are squeezed again. generation in their 20s is the one that i think about a lot. because theyre under a lot of stress. >> eric: there is not many place -- bloc is not many places anymore. most cities are cognizant before they give you long-term retirement benefit. ...

[inaudible] bill: in this country a major american city teetering again on the brink of bankruptcy. michigans governor now moving closer to taking over the city of detroit to save it from financial ruin. it is deep in the hole, folks. detroit is borrowing money to stay afloat, adding to $14 billion of debt. much of that coming from pensions and health care costs for retired workers. stuart varney, host of "varney & company" on the fox business network. stuart, whats the option here because the r...

Bills. it cant meet its payroll. it is literally weeks away totally running out of money. as you said it has $14 billion worth of debt it has not got a prayer of repaying. the governor of michigan has got 30 days to appoint a emergency financial manager that manager would take all the financial decisions for the city of detroit. what could that manager do? he could look for a bailout, money from michigan or washington, d.c. that would be essentially a bailout of sorts. or, could take the bankrup...

To the vulnerable? i say read it. we dont do anything to people on ssi. we dont do anything with food stamps. we dont do anything with people on unemployment. get your -- use your bean instead of listening to crap all day long from the right and the left. >> thats actually pretty tame compared to some other things he said about the folks involved in deficit reduction talks. >> if you have -- if youre a politician and get up and say i know were going to get this done, get rid of all earmarks, all...