Pension Problems

Thursday, October 14, 2010

Mary Williams Walsh, business reporter for the New York Times, discusses the rising cost of insuring New York State's retired employees.  Then, New York City Comptroller John Liu talks about a journey to Europe to sell New York City bonds.


Comptroller John Liu and Mary Williams Walsh

Comments [11]


The actual report NEVER mentions "bond vs heath care default." The Times article pits one against the other. Yet, Lehrner speaks constantly of "health care vs. bond." Cleary, the host read an article about the report, but never read the report itself.

Sad reporting

Oct. 15 2010 01:49 PM
Kathy Weinstein from Hoboken

To Kendra: yeah, what's *with* Brian lately? He's used to be such a great journalist, but anymore he just more and more shrill. Did I hear him laughing at the Working Families Party guy earlier?

Oct. 14 2010 11:33 AM
Bella Tolz from Brooklyn

If it comes down to worker obligations vs. bond holder obligations, the workers are screwed.

Oct. 14 2010 11:25 AM
Kendra from Bronx

@Martin Chuzzlewit - annoyingly, Brian has been wearing his politics far more blatantly lately. BTW, listening to Liu will tell you nothing will be done (due to political expediency) until there is a disaster.

Oct. 14 2010 11:19 AM
Kathy Weinstein from Hoboken

Liu doesn't know what he's talking about. He never read the report, so he has to resort to buzzwords and folksy expressions.

Oct. 14 2010 11:18 AM
Martin Chuzzlewit from Manhattan

SHAME ON YOU....E J Mcmahon is an "activist" because he reports on an impending collapse of our credit rating!?

He used other people's data!!!!!

John (working families party puppet) Liu isn't an "activist"???!!!!

Oct. 14 2010 11:14 AM
Blehrer from Queens

Is Brian reading somebody's notes?

Oct. 14 2010 11:11 AM
Kendra from Bronx

Unfortunately, the unions will end up with 0 over time. The numbers are unsustainable. States will go bankrupt. In NY, these obligations are even in our constitution thanks to the corrupt ties between unions and NYS politicians.

Oct. 14 2010 11:11 AM
Martin Chuzzlewit from Manhattan

Mary Walsh is a GREAT reporter who is an anomaly at the New York Times....she is objective and not afraid to speak "truth to (leftist and union) power".

Kudos to the Manhattan Institute !!

Oct. 14 2010 11:10 AM
The Truth from Becky

So unfair

Oct. 14 2010 11:09 AM
Patrick from Ironbound/Newark

Another "duh" moment. As if we didn't see this coming. I wouldn't have chosen to be a civil servant, bureaucracy is a death knell to the mind, on the other hand that sector should not have a pension-advantage over private sector careers - especially on the tax-payer dime.

Oct. 14 2010 10:31 AM

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