FOXNEWS Americas Newsroom June 17, 2010
this plan includes cutbacks for workers, including firefighters and police workers. bill: deep in the red, burgundy red. if california can pull off this negotiation, many other states might follow. stuart varney, fox business network, follows up on this. is this a way for a state to get out of debt? >> it's a start. you're quite right to point out this is a miniscule drop in the bucket, $72 million on pensions in one year with a state of a near $20 billion decifit, but it is a start. the point is existing pension obligations, for current workers, the obligation to meet their pensions...