Page 898 - Pensions News Today

Mentions survived and which ones didnt. what is the story with these alleged e-mails involving secretary geithner and how he may have done something that stands in contrast to what they testified to? >> these e-mails show the same administration officials who have testified on numerous occasions before congress, it was the pbgc that handled this deal and not administration political officials are seen in these e-mails back in 2009 conversing on how to go about taking away these peoples pensions....

Joe house is asking matt feldman permission on what certain steps to take. another e-mail shows that vince snowbarger had cleared with treasury and senior administration officials before he made any moves on this front. another e-mail chain shows pbgc officials were quote disinvited or uninvited from a meeting where they were legally required to be there. at the meeting as was the agenda for the meeting. the future of the pensions was discussed at that meeting and they were disinvited from that ...

Bizarre deaths connected to a san diego mansion. the mother wants an investigation into how her son died. her son accidentally fell down the stairs while his far it was suppose to be watching him. she says he fell as the result of an assault. days later she was bound hang from a balcony. a disturbing report shows the obama administration may have sacrificed benefits for non-union employees while saving union employees pensions. the reporter who broke the story joins us live. some strong allegati...

Can you tell us about these e-mails and what you know? >> where this started off is three years ago we know these peoples pensions were taken away by government officials. the obama administration has maintained it was the independent pension benefit guarantee corporation which is supposed to handle pension matters like this. house republicans have maintained that there is definitely appeared to have been a political influence from administration officials throughout and under congressman mike t...

By 2016 the state will be spending more on pensions than education. the state faces $83 billion in unfunded liability. that liability increases more than $12.5 million a day and that cash may come from property taxes. the governor called for a special session on pension reform. a lawmaker decried a democratic-led bill. >> again, total power in one persons hand. not the american way. come out here. how ashamed of them you should be. you should be ashamed of yourselves. im sick of it. every year, ...

If you look at, when was the last big bankruptcy before this, orange county? is orange county now, they want, they went bankrupt because like a swap deal. but the day you use that as an opportunity to reform government, no. >> all right, well, ben, this is your part, your neck of the woods. do you think that maybe this will be a great opportunity to finally go there and listen, these obligations, these promises that were made. they were too lavish, maybe this is the golden opportunity to fix it?...

Those, those municipalities have fiscal problems, the ones that do, take out the outliar, the guy that -- the one that screwed up on the deal. the reason why, taxes are high. businesses are fleeing california and all you have to do is look at-- >> taxes are high, dagen, i want to get back to you, taxes are high, the obligations, the housing market takes care of itself ultimately, but these obligations the ex-police chief who makes a quarter of a million dollars for the rest of the year after ret...

taxes and deficits when she should be focused on how to create the best environment for job creation, job creation is the single most important matter facing america right now. not taxes, not deficits, not debt, and not health care. in july the unemployment rate ticked up to 8.3%. dont worry too much about. that look at the right side of your screen. 163,000 jobs were added to the economy. but 12.8 million americans are still without a job and looking for work and close to a third of t...

You can afford? [no! from audience]. >> how many people like that plan? >> sean: a total lie. that is not true. he is saying something that is factually, proveably false when he said the tax plan will raise taxes on the mitted class to pay for tax cuts for the rich. >> right, right. no. but they have to keep classes focused on one another so people dont notice what the real battle is between the citizens and the government. i mean, this idea about invests in the public schools -- thats like inve...

You can afford? [no! from audience]. >> how many people like that plan? >> sean: a total lie. that is not true. he is saying something that is factually, proveably false when he said the tax plan will raise taxes on the mitted class to pay for tax cuts for the rich. >> right, right. no. but they have to keep classes focused on one another so people dont notice what the real battle is between the citizens and the government. i mean, this idea about invests in the public schools -- thats like inve...