Page 8 - Dan Ettinger News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Support. most importantly, the sort of 10 billion dollars, 26 billion went to teachers, who are all unionized and that money will, a lot will come back to democrats this fall. in the form of campaign donations. >> really, just puts off the day of reckoning for the states though, dan. the states are getting their third or fourth bailout here in the last couple of years, so they don't have to actually make the difficult decisions. they're all priority setting of what to cut and what to keep. >> well, it may literally put off the day of reckoning, because days before the vote afscme, the employee...

>> dan. >> well, you know, the people out in front of the bell city council meeting most are mex man americans and now what they were shouting in spanish gets out, i'm with them. >> paul: kim, does jerry brown, can he make this an opportunity, he's running for governor now, right. >> yeah. >> so he's got to look like he's on this case. is he proposing enough reform to be credible in the governor's race? >> not at all. he's proposing traditional things, we're going to raise retirement rates. we're going to cut back benefits a little bit. what needs to be done here, the public sector unions have...

would give states 10 billion dollars for education programs and 16 billion to help cover the medicaid budgets in the first six months of next year. democratic congress woman rosa delaura of connecticut in voting for the bill said this is a bitter pill to swallow. as you can imagine for me personally, it's like sophie's choice. you may remember that later made into a movie starring meryl streep. a mother forced by the nazis to choose between her two children. >> the congress comparing spending cuts to the nazis. and joining the panel this week, wall street journal columnist and deputy...

You could soon be on the hook for poorly managed union pension plans. the democrat is gathering support for his create jobs and save benefits act. a bill that would transfer tens of billions of dollars worth of retiree liabilities to the pension benefit guarantee corporation backed by, you guessed it, u.s. taxpayers. the total tab could reach tens of billions of dollars. wall street journal columnist and dewpoint editor dan ettinger join us and mary o'grady and washington columnist kim strassel. carefully for our viewers, they're called multi-employer plans. how do they work? >> multi-employer...

year. economist art laffer says the threat of a double dip recession is real. he joins me now from nashville. good to have you back on the program. >> thank you, pall, it's a pleasu pleasure. >> kelly: . >> paul: you're typically an optimist. >> yes, i am. >> paul: why the doom and gloom now? >> well, president obama has, you know, when he took office, did not repeal bush's tax cuts, but let them expire which means on january 1st, 2011 tax increases estate taxes, person income, off shore investing, alternative minimum tax, cadillac plans. on and on and on and people know tax rates ar...