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Detailed text transcripts for TV channel - FOXNEWS - 20100411:10:15:00

Liability, you re already in the state constitution and they have to face that and i think they re going to have to force state workers to start to accept benefits that are closer to what the private sector are. stuart, another thing the states have to do, raise the retirement agent. you ve got situations in ohio where teachers making $100,000 a year can retire at 54 and they can retire and rehire and collect a paycheck at the same time they re collecting a $80,000 pension. this is bankrupting states. they have to cut pay and have reductions in force, because the only people who haven t had pay reductions in this recession have been the public employees. stuart: you re right. and dan, last word to you, it looks to me like bankruptcy for a city, default for a state. reorganize, that looks like the best option. something like that would be true in states like california and new york, but you know, we talked about federalizing the problem, there are states like ....

State Constitution , State Workers , Stuart Varney , Retirement Agent , Californias Public Pension , Still Haven T , Collecting A , Dan Ettinger , New York ,

Detailed text transcripts for TV channel - FOXNEWS - 20100410:18:15:00

Liability, you re already in the state constitution and they have to face that and i think they re going to have to force state workers to start to accept benefits that are closer to what the private sector are. stuart, another thing the states have to do, raise the retirement agent. you ve got situations in ohio where teachers making $100,000 a year can retire at 54 and they can retire and rehire and collect a paycheck at the same time they re collecting a $80,000 pension. this is bankrupting states. they have to cut pay and have reductions in force, because the only people who haven t had pay reductions in this recession have been the public employees. stuart: you re right. and dan, last word to you, it looks to me like bankruptcy for a city, default for a state. reorganize, that looks like the best option. something like that would be true in states like california and new york, but you know, we talked about federalizing the ....

State Constitution , State Workers , Retirement Agent , Californias Public Pension , Haven T , Collecting A , Dan Ettinger , New York ,