Page 918 - Pensions News Today

>> up until how, they have been able to count on pensions, but the price tag for the benefits ballooning. they went from $73 million to $245 million this year. 27% of its budget. heres whats going on. when there is an economic downturn, politicians want to hand them somebody to blame. democrats and wall street and the rich. big business. look at the guys letting you off and not investing and out sourcing jobs. the right, their own version of class warfare saying no, no. you dont have a pension. ...

Himself. heres a guy who is going to add -- if his budget passes and it got zero votes, but hypotheticalally, $11 trillion added to the debt in 10 years. his own treasury secretary told paul ryan, we dont have a plan, we just dont like yours. thats our leadership. >> last night, i think, underscored the degree to which voters in wisconsin dont want more government spenning, recognizing that we have to do something about pensions and benefits. bottom line twasnt a good night for obama. that ad is...

They cant keep going like this. >> its wrong to scapegoat the unions. the fact of the matter is we have voters vote on a ballot measure that didnt have all available options open. theyre spending in san jose hundreds of millions to build a stadium for the oakland as. theres a lot to look at to raise money without attacking middle class. >> to be fair, this is 27% of the budget. im not saying you target those people but youve got to target what is right now the biggest and most ballooning part of...

Wisconsin. to the point you raised, these workers are not people without faces. you have teachers who arent getting pensions. i think you have to be careful how far you go on that front which is a point you raised. the reality is state budgets are not sustainable is so there have to be change. you look at the auto bailout, thats a place everybody had to take a haircut. we know there have to be changes on all sides of how government is funded. >> i want to jump to something. jeb bush, and i want ...

We sent the president pay force that hes abdicated himself and said lets seattle settle this, this is a manufactured crisis. >> depends on how believe on this. the cost of doing this would be anywhere from 6 to $8 billion when all is said and done or what is the real number? >> thats in the neighborhood of what it would cost. and we agree we ought to pay for t they want to raise taxes. what we want to do is make spending reductions and weve identified enough spending reductions that the presiden...

Man. ♪ ive been everywhere, man. >> and watch out, why have the best of watters world. >> what about rick santorum? are you a fan of him. >> see, thats how much you know about him. i dont even know who he is. >> caution, you where to enter the no spin zone. the factor begins right now. >> bill: hi, im bill oreilly. thanks for watching us tonight. liberal orthodoxy take as big hit in wisconsin. that is the subject of this evenings talking points memo. governor scott walker keeping his job defea...

Debt and deficit before barack obama came into office. this is a wedge issue of their dreams and theyre going to push it. >> i think the logic on forcing him to defend pensions and benefits, i think the way you defend that is by saying these pensions and benefits are contributors to the economy. if people have money in their pockets, money they earned by the way that the public sectors have agreed to under legitimate bargaining and contracts, that puts money in peoples pockets and creates demand...

Walker recall campaign left off. they talk about how great walkers reforms have been for wisconsin. they claim walker has cut the states deficit and given them a surplus. but independent fact checkers arent so sure about those claims. abc news says the deficit savings, quote, ignore the pay decreases faced by union workers as a result of the law walker signed. republicans, they dont care about the facts. they care about how the rest of the country is going to be following walkers lead. thats whe...

Jumped out at me. maybe pensions was the wrong math to use. when it comes to these issues, its turning into a wedge. >> the wisconsin folks didnt want to mention pensions and labor stuff and run up to this. i think there a lot of teacher who is have been laid off and a lot of public sector workers. i think republicans have to be careful here. some people in the states that are hurting because of some of these cut backs and its certainly a bipartisan effort. you see folks in california and govern...

People 1, union o. any idea where we spotted them? try san francisco. san francisco. to california, michael reagan on what this means for the president. san francisco. i cant get over that. whats the deal, michael? >> i told you. [ laughter ] >> you also said californias in play and that -- well talk about that. what do you make of this? >> what i make of it is the fact people -- you finally pushed everybody over the edge. when they look -- the fact that you have pensions, $245 million in pensio...