Page 888 - Pensions News Today

>> steve and i were positing maybe they should have planted a union teacher in the front row that they could ask their pensions. well have to see what happens tonight. up next, weve got former world champion lumberjack, real world reality tv star and representative ryans fellow wisconsinite. freshman congressman sean duffy pumped up the crowd in tampa and joins us live in the guest spot straight ahead. whoa, look at all those toys. insuring that stuff must be a pain. nah. hes probably got... [ v...

Walker has been involved just a short amount of time. is it its a little too early to say that these governors are really the beacon for the party overall? >> no, because i do think that you are seeing the way that these reforms are translated on the ground. scott walker is one of the biggest problems of the federal government faces are liabilities of people will pay. medicare and social security. the states have their own versions of this. pension liability costs in health care costs. what scot...

And so on. you have governors elected in 2010, move of them although mitch daniels in indiana before, they are trying to shake-up the state government what do they have in common? >> what was new starting in 2010 with the tea party movement is republicans always could build a political constituency to cut taxes. now you have a constituency to control spending. what was new with chris christie was he could make the case for going after the political sacred cows saying we need to rein in pensions,...

>> thank you for having me. >> what do you want to accomplish on the bus tour? >> i noted that the rnc is causing the national debt clock. frankly, that low balls the problem. we had delivered to our offices today the new u.s. financial burden barometer. it is over $70 trillion and growing by 10 million a minute because the national debt klos doesnt count unfunded pensions, retiry healthcare, social security, medicare programs, et cetera. we need to realizer with not exempt of the laws ever prud...

Political sacred cows saying we need to rein in pensions, teachers unions, scott walker took it further with reforms. >> dictating wages to the politicians. >> the tea party agenda which is small are government largely reflected in the republican agenda the question is whether they changed the party? i dont think will be answered until next year if romney is elected. >> see how they govern. >> it is indeed true that the tea party was all about reducing spending, but it want just spending, it was...

Double standard, where if republicans -- obama made a lot of jokes about this too. >> but lets say that. if barack obama got up and made a joke about magic underwear, absolutely and rightly pilaried. wendell cox. >> let me take the perspective a little bit longer there is a week after next week and we need to recognize over the next couple of decades the importance of allowing cities to continue to expand and allow housing to be built that people want. the basic problem is this. if we continue t...

>> in other words, bankruptcy court. but public sector unions are saying, not so fast. they point to state precedence that say their pensions are unochable. but morris, a former judge, believes in this unprecedented crisis, the courts will allow cities to modify at least some of their contracts. meanwhile, hes dealing with the day-to-day trials of a city gone belly up. >> you dont have credit. you are paying cash? >> cash and carry. >> you have vendor who is have leased equipment, who may try to...

Case for going after the political sacred cows saying we need to rein in pensions, teachers unions, scott walker took it further with reforms. >> dictating wages to the politicians. >> the tea party agenda which is small are government largely reflected in the republican agenda the question is whether they changed the party? i dont think will be answered until next year if romney is elected. >> see how they govern. >> it is indeed true that the tea party was all about reducing spending, but it w...

Public employees salaries and benefits and it hit town right on schedule. >> approximately 75% of the budget goes towards fire and police officers. they are not going to be able to pay those pensions nor are the salaries they have been paying. >> we have historically in the city been remarkably generous with our labor contracts. >> generous, indeed. in 2010, a san bernardino $317,000rgeant maided 3 h in a city where the average household income is less than $40,000. but it is not just the top sa...

Going to ten to cut services or bring down the cost of pensions. >> it would save the city billions over time but voters had to approve it first. that was hardly a slam dunk in a county that vot voted 70% for obama in 2008. reed pushed his case hard, demonizing city workers says firefighter robert s api en. >> trying to convince the public things were bad in the city because of employees. in some cases people have been accosted in grocery stores. >> from the firefighters and police officers pers...