Page 910 - Pensions News Today

Make them in fact start to pay into their own pensions instead of we, the taxpayers, paying into it fully. something needs to happen. this was created by jerry brown when he was governor the first time, and now the chickens have come home to roast on jerrys watch. megyn: you get the situation where, you know, if you look at the union negotiations with the city, and they get, you know, some good pension deals. they do. they get a negotiated pension that is pretty darn good, it sounds great on pap...

Some of the things you guys are talking about. i think we need to challenge ourselves to do a much better job of asking tough questions. to the bain question, the polling that ive seen is it knocks it out of the park. ill tell you why. it never went away. the strategy has always been if you look at the narrative where you say okay, you are a business guy and its not about bain, its about mitt romney saying that is a justification for him as a job creator when the deals were structured in such a ...

Fiscal crises we have faced in a long time. bill: $417 million is the projected liability. thats a big number. >> this is why bankruptcy -- they are either going to have bankruptcy of cities or the city managers are going to go to these unions and say we have to renegotiate. we can no longer financially afford. are they going to lay off teachers and policemen or pay exorbitant pensions for people who have been retired 20-30 years. well see which way they go, and steve well bring you back on, too...

Punishment. >>neil: i actually read it because i have no life i am not going to las vegas. >>guest: they made good points about all -- banks. >>neil: what do you do do get out of it in the president says more government and spending and romney says tax cuts. where are we? >>guest: i think we need stimulus. okay? i thought we needed stimulus coming out of the financial crisis. it is the type of stimulus that you put forward. you put forward the stimulus that the president wants. do you think that...

Their towns, you know, said that would be -- a deal is a deal. but youve got some stats on how much various people across the country owe per person which is pretty astounding. >> ok. if you take the very, very big picture, the state pension funds are underfunded to the tune of $4 trillion. if you zero in on the city of chicago, every man, woman and child in that city owes just for the pensions in chicago $9,000 each. thats it. and if you extrapolate out to the whole state, every single man, wom...

Then youve got to cut education and health services to the absolute bone and beyond. or some of these towns and cities are going to declare bankruptcy. it is that simple. >> and then the deals that they had are no longer applicable. >> go to bankruptcy court and the pensions are off anyway so the unions are actually pushing people towards bankruptcy. thats whats going on. >> the math is pretty staggering and the pension costs have soared in the past decade from $73 million to $245 million. and n...

Wanted to look at how to keep yourself and your loved ones from being financially exploited. joining me is the attorney general, tom horn. thank you for comee for this. >> its great to be with you. >> jamie: i was impressed. arizona has publish aid guide to help people who are either approaching senior time or taking care of a parent or loved one, from being ripped off. how big a problem was this in your state? >> its a big problem because the senior citizens have their life savings, they are li...

the announcement came about 90 minutes ago, defeating ahmed shafiq. christian amanpour is the global affairs anchor, also with her is correspondent ben wedeman. lets go back to the moment this was announced by effectively the elections commission in cairo. tell me, ben, wareaction imdiate and joyous? >> reporter: it was incredible. we really heard a rouge roar coming uprom the crowd. the only time ive heard a louder roar was 6:00 p.m. last year when hosni mubaraks resignation was annou...

and thank you both, and i dont know what question to ask other than how d you think this is going to come out? ben, lets start with you. tionhat the egyptians havehe been fixated on for qui some time. the results were supposed to be announced thursday, but that announcement was postponed because the electoral commission wanted the look into more than 400 irregularitieirregularities a critical turning point for the egyptians following the revolution. it is not necessarily the choice the...

Were collected for decades. a story in san jose and a firefighter was in line in the grocery store with a steak. nice that you can afford that steak with my money. we have gone too far. a fire man should be able to get a steak for his family. it is the past pensions that need to be looked at. that did happen in california. and we cant get confused with hey, show up and do a job, but disconnect is too great where 90 percent of the government workers getting nice full pensions compared to 18 perce...