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Detailed text transcripts for TV channel - FOXNEWS - 20130820:13:11:00

Detailed text transcripts for TV channel - FOXNEWS - 20130820:13:11:00
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Detailed text transcripts for TV channel - FOXNEWS - 20130820:13:10:00

So the cost has absolutely nothing to do with what colleges and universities are charging. martha: a lot of reasons for that as you and i well know. we ll get into that more later. gregg: we know it well unfortunately. a new showdown over detroit s request for bankruptcy protection. unions and retirees are challenging the math suggesting that the city s financial position is not as bad as claimed. detroit s emergency manager saying that the city has at least $18 billion in liabilities and doesn t have enough revenue to pay them off. retirees and unions fear they could lose their pensions or have to pay more for health care. if the bankruptcy goes through, the hearing is set for october. martha: well there are almost 50 unions in the city of detroit and detroit is said to have long-term liabilities and debt of at least $18 billion. that includes $3.5 billion of unfunded pensions in the city as well as $5.7 billion in unfunded ....

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Detailed text transcripts for TV channel - FOXNEWS - 20130723:11:35:00

Oregon, many among many others. it s the cost of retired workers health care. research says more than 100 billion is unfunded for retiree health care. so take a look at some of the these big cities facing big shortfalls there. new york, unfunded by nearly $23,000 per household. boston, nearly 19,000. detroit, more than $15,000. so to make up for the money that detroit didn t have, what did it do? it gutted services, closing many parks, cutting its police force, letting buildings go completely abandoned. and at the same time, detroit sucked its taxpayers dry. residents of detroit pay the highest property and income taxes in the state of michigan. and nearly half of that money went toward retiree benefits and debt. so the question is, and this is what cities from philadelphia to chicago are asking, when is enough enough? is clipping pensioners and bond ....

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Detailed text transcripts for TV channel - FOXNEWS - 20130723:10:13:00

Recovery. monday big closed door meeting with organizing for action. nancy pelosi, senator reid, all of them there, closed doors, rah-rah session. let s get back to the economy. let s push that in the face of the benghazi, i.r.s. scandal. gretchen: in the face of that is detroit. how are you going to give an economic speech and not talk about the failure of this massive city and quite frankly, many would argue, many of the policies that he agrees with. brian: chicago could be next. it s possible the president will talk about we need to help these people. it s not their fault. we need to help. there s a lot of talk about quietly helping detroit out of its mess and other cities too. it s not set in concrete, but that would be a form of help. steve: we ll be watching the president tomorrow. so will i. steve: we ll be watching you 9:20 today on fox business. brian: we told you about the plane crash, ....

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Detailed text transcripts for TV channel - FOXNEWS - 20130723:10:04:00

Regulate these kinds of rides. the insurance department requires that the ride operators insurance company provide an inspection once a year and gives them a certificate. does that sound safe to you? gretchen: there is no federal or state oversight apparently of the actual inspections of amusement park rides. it s up to the amusement park. happening tomorrow, the legal showdown over detroit s record bankruptcy. it is going to head to court. a federal judge will hold a hearing over a lawsuit that is looking to block that bankruptcy. retired public workers say it violates the state s constitution because it would cut their pensions. the city is more than $18 billion in debt. the city s ph-pbl manager and the emergency manage r and state government say there are no other alternatives for detroit to get out of the hole. dennis ber i na from law and order has passed away. ....

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