Detailed text transcripts for TV channel - FOXNEWS - 20140712:15:22:00
Welcome back. attention taxpayers, it is already called the next big bailout. according to a new report, the federal agency insuring millions of pension plans will have a deficit of nearly 50 billion bucks in less than 20 years. carrie, you say only one thing could fix this. what is it? >> pensions are a relic from the past, from a manufacturing based economy. we are an information based economy. we need to shift our employees onto 401(k) defined contribution plans, we will get a more accurate reading of liabilities and the taxpayer will be rescued. >> john, here's the thing, we're talking abo...
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