Page 895 - Pensions News Today

Plan when were falling off a cliff here. >> rick: you talked about the possibility of a victory here. this pick would excite conservatives out there. most analysts will say this ticket does not win in november without backing of independents. so what does the ryan pick do for that? >> conventional wisdom, ive heard it time and time again from democratic strategists. >> rick: not just democratic strategists? >> conventional wisdom when you tax attack something like medicare you are going to turn ...

For candidates for are city council and they are present at the table during labor negotiations. >> those negotiations in some cases have bound san bernardino to pay employees just as much even after they retire. >> that is not going to work. it is not going to work. >> you cannot retire people at the age of 50 years with literally full pay and bridge their health benefits until medicare. >> the salaries and benefits you are saying have to be renegotiated. >> you bet. >> why has that not happene...

Coming down the track. >> that is morells preferred metaphor. a freight train fueled by 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 cit...

Renegotiated. >> you bet. >> why has that not happened yet? >> it will happen under the guidance of chapter 9. >> in other words, bankruptcy court. but public is sector unions are saying not so fast. they point to state precedence that suggests their pensions are are untouchable. however, morris, a former judge believes that in this unprecedented crisis the courts will allow cities to it modify at least some of their contracts. meanwhile, he is dealing with the day-to-day trials of a city gone b...

This hour we have told you about cities bankrupted and lives shattered by folly, greed and corruption. can any one turn the towns around? meet two democratic mayors trying and aair rently making progress. even cutting union pensions and benefits. >> the private sector is doing fine. where we are seeing weaknesses in the economy have to do with state and local government. >> both parties worry about cities going broke. but they seldom agree on how to fix the problem. >> because im sure that the p...

Are talking about american jobs which is offensive to all of us. this thing that took place, the july 10 hearing was the post revealing, but, the inspector general has been asking for thousands pages from treasury and the auto task force and the pbgc to find out if they were treated fairly and i do know, they said it does not have to be equal. we determine what is fair. and i said would you say that again because in this country we do believe that fair and equal treatment under the law, so you j...

Not pensions for a general motors comny after the government bail out. unimembers allowed to cash in. the retirees spent their careers working along side one another and should not be treated differently in their retirement. obama said republicans are politicizing the issue. >> anna: terrorist love the fresh prince of bellaire. ♪ this is a story of how my life got twisted up side down. i will tell you how i was the prince of the town of bellaire. >> anna: hesy had to order all 96 sit coms dube...

Willing to violate contract law which we know he did to bail out the workers and give government and the workers g.m. >>stuart: i hard you, craig smith, c.e.o. of swiss america, thank you. a bipartisan group, a bipartisan group of lawmakers is demanding a deeper investigation into the delphi pension controversy after leaked e-mails show the treasury was a driving force behind ending pensions for nonunion workers. my next guest is part of that bipartisan push, republican congressman mike kelly. s...

The independent pension benefit guarantee corporation. key officials testified to that under oath. the e-mails recently obtained by the daily caller said thats not the case. that is 3 months before the pension decision was made they had a meeting with general motors and delphi. that calls into question who calls the shots and why. labor unions driving force behind the election in 2008 donating $100 million. money turned out to be well spent for the delphi union workers not really for any one els...

Turn around and say, guess what? you know who the real murderers are in the white house if you want to talk about figurative murder? how about the obama jobs death toll? how about the thousands of workers who have had their pensions and health care stripped from them because of this crony administration giving away things to big labor? lets talk about all of the jobs that have been snuffed out over the past four years. but no. instead, we had a romney operative talking about romneycare! what? >>...