guarantee corporation which would take these liabilities is in the in trouble to the tune of 165 billion dollars. moody s estimates that s the degrees to which there s underfunded liabilities in these plans. yeah, and a big part of the problem which kim alluded to is what economists call moral hazard. which is that, you know, the pensions, the pension manager, the union pension manager, has an incentive, knowing in the back of their minds that they can dump these liabilities on the pension benefit guarantee corporation, on the taxpayer. paul: on the government, yes. to front load what they get in negotiations toward current workers, and so. ahhh. they re cooking up the problem they sort of know they can go to the taxpayers. paul: don t fund the retirees, those you put previously, you re able to get more for current taxpayers. let s talk about the politics. these union retirees, which as
guarantee corporation which would take these liabilities is in the in trouble to the tune of 165 billion dollars. moody s estimates that s the degrees to which there s underfunded liabilities in these plans. yeah, and a big part of the problem which kim alluded to is what economists call moral hazard. which is that, you know, the pensions, the pension manager, the union pension manager, has an incentive, knowing in the back of their minds that they can dump these liabilities on the pension benefit guarantee corporation, on the taxpayer. paul: on the government, yes. to front load what they get in negotiations toward current workers, and so. ahhh. they re cooking up the problem they sort of know they can go to the taxpayers. paul: don t fund the retirees, those you put previously, you re able to get more for current taxpayers. let s talk about the
our border, are we doing enough to help mexico? how did mexico get so wildly out of control that it seems that they ve called in their military. their military has become their only effective instrument. there s so much corruption, unfortunately, among their border patrol and police and others. the mexican government is doing everything that it can, called rosen is a good man the president kalderon is a good manhattan president of mexico. we are spending a billion dollars had in helping them with technology and others this is an existential threat for the existence of the mexican government. there are areas where the drug cartels have taken over at least temporarily. we need help them in that fight. if they lose you can imagine the consequences to the united states of america. by the wearing the drug business, i understand as some estimates is 65 billion dollars a year. greta: president obama,
called buying and selling. a way to say if, if you re giving special deals to people so you get their public support or their vote, that s exactly right, and not even lawmakers in congress. they need the support of people outside of congress to help sell the deal so that s why they need the corporate ceo s to say, hey, you know, a tax increase isn t such a bad idea, but these guys aren t paying the taxes because they get the money and they re benefitting and not having the tax increase affect them. greta: hollywood has been a big supporter of the president. how has hollywood done? that s right, they are getting 165 billion dollars for tax breaks to help promote the movie industry. so they re getting a lot of money and this is hollywood. who would think that they would need hundreds of millions of dollars right now? and extraordinary that they get these benefits. obviously, they get special deals, special people, and do ads for the president and it s so outrageous when the party
our border, are we doing enough to help mexico? how did mexico get so wildly out of control that it seems that they ve called in their military. their military has become their only effective instrument. there s so much corruption, unfortunately, among their border patrol and police and others. the mexican government is doing everything that it can, called rosen is a good man the president kalderon is a good manhattan president of mexico. we are spending a billion dollars had in helping them with technology and others this is an existential threat for the existence of the mexican government. there are areas where the drug cartels have taken over at least temporarily. we need help them in that fight. if they lose you can imagine the consequences to the united states of america. by the wearing the drug business, i understand as some estimates is 65 billion dollars a year. greta: president obama,