Detailed text transcripts for TV channel - FOXNEWS - 20130402:02:26:00
They're going to require rate hikes over 50% over a period of several years for local and state governments and some are so strapped by the pensions they're going to make, increasing by 50% could tip them into bankruptcy. >> greta: and means they can't pay for new police officers or other community services. that's the problem right now, i assume that they can't meet their payroll? >> yes, you're exactly right. i mean, these pension costs have crowded out the other, the other budget issues and other things that they want to spend money on, yes. >> and evan as always, thank you. >> okay, thanks...