Detailed text transcripts for TV channel - FOXNEWS - 20110121:11:02:00
Particular, for every dollar they take into new york city, $0.20 goes to pensions including $12,000 every year to retired people for a bonus. >> right. >> exactly right. >> for what they did years ago. in the big pictured, there's a few plans in place for them to go bankrupt even though it might indeed be unconstitutional. >> and that's just it. because unlike cities, cities which can't -- cities can constitutionally declare bankruptcy but states cannot so there could be some constitutional issues so the -- >> wake the judge! >> the big story and there's the states with the budget shortfalls r...
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