Page 33 - Joe Mac News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Right? >> i don't know what to say about that. they weren't. this is a lot of money we're talking about, north of $300 million in 44 communities so that is $8.5 million a community. that is a lot of money to push the cause. if we really wanted to incent people to live more healthy lives we could have done it in, i don't know, the healthcare bill and given them more power to control the healthcare spending and instead we did the opposite. this is like just, it makes no sense really. >> david: does it make any sense at all? >> in the pantheon of absurd spending in the stimulus, this doesn't even...

You're for spending more so i assume you could be against cutting taxes right now still as we're trying to struggle out of the recession. >> yeah, yeah, e-mac has this right. and so do others who say let's not be dumb and try to balance the budget right now. let the economy find its feet. if you don't like the tax cut and you think there should be other taxes in place, hold your nose. come up with a government program to stop the whining. people making more than $200,000 a year not feeling rich because they live in big cities, boo-hoo. >> david: again, bill, though, i would not discount the pa...

It's just misallocated. the average teacher retires on a pension of 60 or $70,000 a year. the net present value is $2 million. i ask the viewers of the show, do you have $2 million in your 401(k) plan? probably not. the mention payments are lavish. they're preventing us if hiring young talented people who want to teach. >> david: e-mac, it's the 3 million hours spent on nothing but the union activities. the tax dollars are paying for union, not for the real work in the classroom. >> that is right. hours and hours spent by the way, bargaining and haggling over pension pay-out. there is a reason...

Liability to fantastic asset for the nation. >> david: hope one of the sound insurers wasn't aig, by the way. >> no. they are all getting the benefits. >> david: rich, like other places in small localities like chile and so forth but ever tried in a big economy, nothing is big as the u.s., but something more like the u.s.? no reason it couldn't scale. e-mac is right. you have to force people to save and save them in a safe investment. they will choose to do that because pay-out are higher than the 12 grand a year on average. the other issue, earlier in week, the president gave a very dull, uni...

Security money. that was wrong. >> david: last word from e-mac. coming up -- >> let me say unemployment insurance we talk about as a safety net. but this is one of the biggest stimulus to our economy. >> david: the "cashin' in" gang has a message for the speaker: stop handing out unemployment checks to stimulate job creation. don't miss that coming up. but first, a $10 billion bail-out for the unions. like deja vu all over again. steve is ticked! he can prove why the unions don't need it [ bar