Page 901 - Pensions News Today

They say we are selfish for not paying pensions and selfish wanting lower taxes. fair share is now must share. is it sevennish to say your councilmember sinking under debt -- country is sinking under debt. is it selfish to want to keep as much money for your family? society to rely on family? yet, we are asked to put government first. the solution seems noble. give more. but it isnt when they never believe what you are giving was yours to begin with. i say its time to get selfish and make obama ...

That is not a nice thing to say. a deal is a deal. we are squeezed to the point where that is probably going to happen. >> eric: only way to do that. >> steve: break collective bargaining. >> that is a reform of the future. what are you going to do now? you cant afford the pensions. what are you going to do? >> gretchen: our politicians will not even look at it to reign in the future that. is frustrating. >> the crisis is such you cant delay any longer the more cuts. they are seeing kids in larg...

Hospitals closing. courts clogged. services are being cut because weve made promises to pay benefits and medicaid costs and we can not afford to keep those promises. it is medicaid. it is pensions that are at the very center of this problem which is bad, and getting worse. martha: so, i mean it puts states in a position where they need to face the music and need to renegotiate pension deals going forward. fiscal responsibility seems to be the, something everybody understands that we need to do b...

The things that lieutenant governors are telling me that makes sense, is there should be a fiscal impact by the congressional budget office like when the congress takes action on health care, on rising health care costs, under funded pensions, on infrastructure, what is the impact on the states? i mean we dont talk to each other. we need to do that. >> harold? >> follow up. >> ice just going -- off of that, youre governor of a state, is there any possibility that you can go to a teachers union, ...

There is an old thing in politics. jerry brown has done tonight the past in california. he went after his opponents pension he was getting. younger back in the -- what was -- in 1978. spending the whole summer talking about the other guys pensions and you have them beat by labor day. no one knows and i dont know for sure whats in mitt romneys unreleased tax returns. the void leaves room for as if -- amazing guesses. romney paid no taxes in 2009. he carried his losses forward from the financial h...

Were in office, lieutenant governor. you were governor for long time in new mexico. what do you do when youre in office and looking at, you know, the pension system in your states, firefighters, school teachers and everything, pensions, that were agreed to 11 1520 years ago -- >> completely out of date. >> these are legally binding documents. >> first, i think what the lieutenant governor has done, ta is a great report. harold and i served in the congress and one of the things that is so apparen...

They say we are selfish for not paying pensions and selfish wanting lower taxes. fair share is now must share. is it sevennish to say your councilmember sinking under debt -- country is sinking under debt. is it selfish to want to keep as much money for your family? society to rely on family? yet, we are asked to put government first. the solution seems noble. give more. but it isnt when they never believe what you are giving was yours to begin with. i say its time to get selfish and make obama ...

Bad news. well all pay the price. services all over the country, whether it is public safety or education or health, they are going to be cut. because we cant afford to pay the pensions that we agreed to pay and therefore have to lay people off and cut services all over the count rye. >> eric: take a look here. numbers in the average new york city residents paid $51 toward police pensions in 2012 and 12 years later it is multiplied by five. >> that doesnt go to health benefits as well and they a...

With the credit crunch facing small businesses. this is how were going to actually break open contracting as a policy for small businesses to create jobs. you can do all this as a republican. you can do all this as a bain capital guy but youve got to bring some specifics, talk one, two, three, youve got to make the 99% actually feel like you think about their problems and have real solutions that will help fix it. >> well i think the practical political problem this has, you could have been froz...

With the credit crunch facing small businesses. this is how were going to actually break open contracting as a policy for small businesses to create jobs. you can do all this as a republican. you can do all this as a bain capital guy but youve got to bring some specifics, talk one, two, three, youve got to make the 99% actually feel like you think about their problems and have real solutions that will help fix it. >> well i think the practical political problem this has, you could have been froz...