Detailed text transcripts for TV channel - FOXNEWS - 20101229:04:05:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20101229:04:05:00

>> he has signed a federal executive order. >> eric: i will let you get to it? >> unicon destruction workers privilege pass. >> eric: here is the issue, we have state, local, municipalities a pension bomb ready to explode on them, some say up to $3 trillion if they don't renegotiate union mentions going forward, those contracts they there are going to be bankruptcies across the country. >> our local, municipal governments is not about the fact that there are pension issues, it's the fact that local governments governments have got to find way to share services and consolidate. that's the issue. >> pensions have -- the unions have become a privileged class in this society. it's the rise of the public sector millionaire. >> kids working -- >> eric: let her finish. >> barack obama sign executive order when i was trying to make my point earlier but rudely cut off that gives unions the ability to cut construction jobs over private construction companies. let's see now, 15% of the construction workforce is union. 85% is nonunion. these costs are much high tore

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