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Their argument has been, this will boost the economy, it s going to create more jobs in the united states because companies will invest with all the tax savings. that means there s more jobs, means there s going to be wage pressure up and better types of jobs available for people. that s the positive side of this. the head winds are substantial for this as well. the political head winds. economists are split on whether or not you ll see the growth. it s a mixed bag in the past. yeah, it happened in the 80s. the 80s benefitted from the baby boomers hitting their spending years. now they re retiring. retirement costs are going up. it will add to the deficit. this bill is expected by congressional committee to add a trillion in debt the next ten years. you ve got a democratic party that feel stiff-armed. so when the republicans go back to congress to try to tweak the bill, if necessary, because of maybe a little bit more debt than they were expected, they ll ....
It has over $1 billion in unfunded liabilities. retirement costs, health care costs for retires. as the student population shrinks, they re not going to be able to continue to pay those costs. so the district is tragically going to fight tooth and nail to prevent us from using any of their buildings that we might realistically use. so we ll go to plan b. we ll start raising money. we ll raise enough to build a new campus or equip a commercial building and find a way to put 700, 800, 900 kids into a school where they will be set up for life long success. thank you so much for coming on. thank you, dana. coming up, why are the obamacare enrollment numbers so low? you ll have to hear one democratic lawmaker s answer. ....
now you can see how bad it is. why did it come to pass? detroit? detroit ran out of money. it s that simple. the thing about detroit that makes it different is it shrank so fast and lost its tax base so fast. the issue now is who s going to pay for this money that was promised in the past? they didn t have the money in the past. they just promised that it was politicians no longer on the job. this has been a big problem throughout the country. that s why we re going to see these blisters popping up where this problem continues. now the question is, who s going to pay? are they going to have to raise taxes even more on a city that can t afford it, where people have fled because of taxes that are already too high? are they going to say the money has to come from pensioners who got promises for future pensions, future retirement costs, and they re going to say we just don t have the money so it s got to come out of you. what about the bondholders? how much money are they going to lo ....
Economy this way? because, a similar strike for 10 days along the west coast ten years ago cost a billion dollars a day in lost revenue to the u.s. economy. so would the unions that helped reelect president obama actually be willing to hurt the economy and hurt the obama economy at a time when you ve got a big backlash against unions? worry on the part of the public about pension costs for government employees. michigan passing a right to work law so you don t have to join a union in one of the most unionized states anywhere and demise of twinkies when a bakers union refused to accept any concessions at all on retirement costs. it is always money at heart of the these disputes and unions seem to be getting harder and harder edged about this. let s remember unions represent less than 7% of the private workforce in this nation. they represent 40% of the government workers. here we ve got a private union strike that could ....
And retirement costs, then we re going to be able to flip the balance back to where it ought to be. megyn: one of the things people object to, gretchen, in the nonright-to-work states is how the union bosses choose to spend the fees, mostly on political activities, they say, as opposed to providing union benefits. yeah. i think this past election it showed just that, that unions played a big part in reelecting president obama, and that s why so many expect him to say something about this today. but union dues should be going to what they should to the workers, and they re not. they re going to political activities. and to what he said earlier about crippling and crippling unions, unions have actually crippled businesses. just look what they did to hostess. they re basically bankrupting that company, and because of it, we re not going to have twinkies or ho-hos this christmas. [laughter] megyn: bear gnarled, as much bernard, as much of a service they have performed, sometimes they ....