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FBN’s Gerri Willis on the growing number of state and local governments taking on public sector pensions in an effort to reduce spending.
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The revolution is here the taxpayer revolution that is and it's not being led by politicians no way.
Voters are leading the charge in cities and states all over the country -- are dumping politicians who are doing business the old fashioned way.
Like giving public sector employees ever larger cop packages in exchange for votes.
Now the tables -- turned the people -- -- -- -- -- We're in charge.
And the results are astonishing.
We told you earlier about Wisconsin and San Jose and San Diego in California but they are not they only -- not by a long shot.
Take a look at New Jersey.
Governor Chris Christie there was facing the biggest unfunded pension liability in the entire country when he got into office a 120 billion.
So what'd he do we instituted its state of fiscal emergency.
Put in place major reforms and now he says he's gonna save a 130 billion over thirty years.
And over in Rhode Island governor Lincoln Chaffee there he's -- legislation to allow cities to cut disability pensions the beat goes -- In Indiana at this is the big Kahuna of reforms states let me tell you governor Mitch Daniels there.
The very first day he was in office he signed an executive order to stop forcing state employees to pay union -- day number one.
Membership dropped immediately by 30%.
-- -- after local governments cutting your fat.
Now he can say he has the fewest state employees per capita -- downsize government dramatically he is leading the charge and the beat goes on over in Michigan.
The Tea Party there is favoring right to work legislation they're trying to push it through and they say what happened last night and voting.
It's really gonna help them.
Okay the forces for lower government spending though they're not always winning over an Ohio John K six flock to dump collective bargaining rights -- -- state workers.
That was turned back.
But successful in Wisconsin as we said this is all part of a larger movement to restore fiscal responsibility.
To our unions and our state governments.
And it's no surprise voters want change.
How much debt are we facing it's a trillion.
Dollars.
In public pension and health care programs this is a big numbers you're gonna have to pay this.
-- two trillion dollars in debt that we are paying for the benefits and salaries of public workers workers by the way who probably make more than you do.
Look I believe this rebel resident revolution that is has less to do with politics.
Let's do with left and right Republicans and Democrats.
And the fact that taxpayers are tired of footing the bill for everything.
Started picking up the tab -- of the -- being higher every year I hammer you.
The revolution that began with the Tea Party in 2010 is spreading big spending politicians better watch out -- many I should just say Washington.
Better take.
