Page 917 - Pensions News Today

Of the atlantic. it is about doing the right thing. you said the word austerity. people spin it to mean different things. but there has been a general e55 fanny by the public. we have gotten over the guilt trip -- do you want to take money from your kids teachers and short-change the policemen and the firemen? people say, we love the civil servants, but we cant deal with a nation where the public sector worker makes more than i work, where the pensions are lavish and guaranteed, where bad worker...

Make sure that their executives dont get these obama scene pay outs when theyre cancelling peoples pensions and throwing hundreds or thousands of people out of work. that can be done through the law. >> right. hold that thought. were going to take a quick break. more on this after that. wake up! thats good morning, veggie style. hmmm. for half the calories plus veggie nutrition. couldve had a v8.

On one day hes saying theyre friends and on the next hes saying theyre trying to beat the middle class. >> the investors are big pension funds, even, you know, big unions. churches, big educational institutions. so the american economy, the global economy is all tied together. which side are you on? labor or capital? they dont really apply in the modern world. >> oh, i think they do. >> no, not -- if you have so many working people whose pensions, whose retirement is tied up in the success of ba...

Complicated that the growth in government has not been at the federal level. its all been at the state and local level. and a lot of it has been fat, right? white collar, state employees who the public, with some justification, believes isnt always doing all that much. and theyre getting big pensions. well, romney stepped in it and it made a much bigger gaffe than obama did yesterday is by saying no, we dont need more police, fire and teachers. every american knows that we do. and they are our h...

states. >> hello, alip looking at seven battleground states and how the rate compares today with when he took office. nevada and florida, unemployment rate is higher than the national average. nevada and colorado the rate is above what it was when president obama stepped into the white house. rest of the battleground states its interesting. the jobs marks are improving. they had been improving since when the president -- president went into office, still improving, iowa, new hampshire,...

1.2 billion and 2.1 billion in costs over the next 25 years. so there will be significant savings. bill: the proposal would put new employees for the city -- make sure i get this right, except for police officers -- into a 401k-style plan, these are new employees. do you do anything with the current employees on staff? >> with the current employees the initiative called for a five-year freeze in pensionable pay. they can still get pay raises but it cant be figured in the pensions. when the actio...

Be making that huge payment. and also it starts to ramp up after that. the savings in the first few years are pretty small, but after that they get signature. it gets over to a hundred million a year. bill: they could not do it out of sacramento statewide. have you been contacted by other mayor or people trying to see what youre doing out there and perhaps push for the same thing? >> you know, we think that this will sweep certainly the state of california with both san jose and san diego, two o...

>> leave the new stadium out. the new stadium isnt on the budget, one out of four san jose taxpayers. >> there are a lot of things to look at. >> steve, steve, im not trying to make this a right, left issue, oh my god? >> neither am i. >> all i am is numbers. im a nerd. its not red, blue or me, its green. the nerd in me looks at this, 27% of a budget going to general pensions. little more than 20 years ago it used to be 4%. even i can read that math and say well, this aint going to work out. >> ...

Massive tax increase coming. what is our policy? we all want to know. >> president obama had a chance to act like president clinton before he got a second term and moderate himself or to go more to the left and he has chosen to go more to the left. >> jay carney spelled it out yesterday. they are still going to raise taxes on wealthiest americans. no change from there but the moderates are still out there saying dont do it. >> exactly two hours from now, that man right there will be on fox busin...

Lower their pensions because they understood it and got it. >> 70% margin but back to you, michael, and i love you to death and sean hannity. which i have on my "fox business" show, which you should get. your view that california after wisconsin was in play. >> when you hear michael reagan at a about man, this could extend to california, hes smoking something. >> i love michael but i dont agree california. new york, california, probably washington, or oregon, predictably blue states will remain ...