Page 911 - Pensions News Today

>> emac, he was sort of reacting to folks who are concerned about the disparity of public sector are getting over private sector workers. >> heres the deal. we dont begrudge good teachers and fire men and cops. they were exempt in the wisconsin battle. but board of education and town supervisor who get their own cadillac and parking spaces. you can ride a bike and not hit anybody on a work day. that is an issue . government bloat because of the three bubbles. basically the federal government is ...

Politicians and company on the other side. if they are not managing it proper in the time of interest rates being so low, they have miscalculated by a wide margin what they would be worth. they base them on eight or nine percent and they are not getting that at all . they are mismanaged and they are not making the contribution. yes, it is a big worry. >> julian companies are trying to deal with private pensions again they are underfunded and dont have the money. general motors, they cut 26 billi...

Payments. they do a lot of double dipping in a sneaky way. they retire and take on a new yob with a different title to have two pensions it is outrageous. a policemen in fresno, who made $250,000 in overtime. how do you figure that? >> it is still going on according to rich. this is not based on what happened in the past. it is still happening. >> it is happen we are entirely too soft on vice-president biden. this reminds of governments do not create job. they tax and borrow from the private sec...

These people are idiots. >> teal from the rich and give to the poor. >> the rich people he was stealing from they taxed their money from the people. he was giving it back. >> basically he is more like a tea partier. >> im sure this comes as a shock that those supported by martin 1k3* morello and those who think drawing hats is their own idea. they say it wont affect ordinary americans and their savings. financial transaction taxes like this hurt pensions which hurts ordinary americans. >> is chr...

Lost everything. they lost their pensions, their jobs, and those people looked like every day, ordinary americans. then what do you see? you see mitt romney hob nobbing with the 1% and an elite resort in utah. wouldnt we all love to spend a part of our summer in a place like that? >> actually no. >> playing by those rules of the 1%. >> yes. >> where karl rove is in the same room as republican party, you know, committee members and donors? >> let me just say this as a final note. the other thing ...

Bill: there are two breaking develop maentsd in the trayvon martin shooting matter. first the florida police chief who was in charge of the investigation has now been fired. sanford city manager in florida made the call on chief bill lee saying that lee had lost the trust and respect of elect the officials and the confidence of the entire community. there is new evidence released in the case. george zimmerman explaining his version of events from the night of the shooting. you will hear what he ...

Look at that over 20 years, it changes what it comes out to in the end. >> absolutely. absolutely. thats just kind of one part of this deal. there are lots of other ways that they do this, theyre unprecedented. for instance, in some states, they allow legislators to add their expenses on their salary in order to determine the final pension. nobody in the private -- >> you mean per diem? >> exactly right. in minnesota its per diem. you dont even have to send in receipts. nobody in the private sec...

Their pensions based on some other public officials final salary. so even though they dont make much as a legislator, when they retire, they can make as much as $125,000 a year. >> in some cases, they dont even have to submit the receipt which i think is pretty amazing so you can sort of make it up as we go along or guesstimate it. >> in some sessions theyre officially in session half a year, you get $100 a day automatically. just add that up. you get like a cafeteria literally, you know, $60 fo...

Their dues coerced and taken from them into -- and dumped into these losing campaigns when these unions themselves have pensions that are going bankrupt and a lot of these crony union bosses are taking all the money. >> i dont want to run out of time before we talk about one of my favorite stories of the day, the obama administration using prisoners to make solar panels for federal agencies and push a green energy agenda, theyre using hundreds of inmates who earn between $0.23 and $1.15 an hour....

Now, all right, why is that? thats a very large number. >> yeah. >> the answer is pensions. lets go back to the original story. it is pensions. states have not put enough away into their pension funds and they promised very strong pensions and you no theyve got to pay them. so the tragedy is all over america, young people are being fired from state jobs or not hired at all to pay off older people who have already retired. thats a transfer of wealth and job opportunities from the young to the old...