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Pension problems in Pittsburgh the City Council and the mayor at war right now over how to fix this thing.
If they don't come up with a plan by midnight the state will take over the municipal pension fund in that would be a disaster for the city.
-- -- -- Rick Santorum he's from the Pittsburgh area and represented that area in the House of Representatives before he actually became a senator.
The -- -- -- time -- -- old stomping grounds what's gonna.
Well I mean if you look at all the reports you know it here's -- the.
-- -- -- about raising taxes to support a plan that is less than about 25% funded at this point.
And the reason is is because.
Just like all the other pension plans that that we're we're we're talking about here on the company and that is the they promised to watch and they don't have the money to pay -- and so.
-- you don't hear them talking about trying to cut back benefits.
It about parking fees lease deals anything to try to scrape some money up in the short term but there's no long term solvency plan and -- can't be.
Until they try to get these pension costs under control.
You know I it's it's obvious that there was not a lot of foresight for these problems to -- into the green that they are but.
How disingenuous is -- due to have these sort of gimmicky things really.
Can't -- got to make up all the money through parking fees.
Now it's a joke I mean any of the mayor who's who's basically saying he's -- -- it nice kid and he's thirty years only -- -- you know was appointed mayor no one thought -- the long story that.
You know he's there anything you know this isn't gonna work I'm gonna veto it but I'm gonna veto a quick enough -- the council can override -- and and put this in place.
That's not exactly strong leadership and it's it's -- amateur hour unfortunately in Pittsburgh no one's taken the bull by the horns and doing what's necessary which is sitting down with the unions and try to get some you know some concessions and some some changes in the basic program.
Eventually this thing's gonna get pounded on into the state.
And the State's gonna have to -- do some of the tough medicine that's necessary.
What do you think maybe then -- the state does the tough medicine for Pittsburgh it can turn around -- are doing taken its own tough medicine as well.
Well I'd be out -- we got a brand new governors -- new house and of the anesthetic controlled by Republicans and and certainly if and I know Tom Corbett the new governor very very well on.
I he's looked at what's gone on a new Jersey's looked at Chris Christie and taken on the sacred cows.
He's understood that you know -- -- pay a price for that that.
He also understands that if we don't do -- Pennsylvania's not going to be competitive not going to be not going to be found fiscally so I think you're gonna -- Not just Tom Corbett -- other governors around the country even democratic -- guys like Andrew Cuomo who just say you know we have no choice.
And they ought to probably had one person is going to be left out to lunch is gonna be Jerry Brown has realized that I don't even know he figured -- governor yet.
Well let's hope let's hope everyone can walk the walk -- go see your point.
We've all hit a brick wall senator have a fantastic -- great new years we'll see in 2011.
Happy new year to the company helped the CI stored on that Balkans that idea that you -- no other.
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