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Why do I owe unions anything?

 

 

 

 

Unions want $100M in federal money to aid Detroit pension deal

Published April 17, 2014

 

Union leaders in Detroit want $100 million in federal funding earmarked for homeowner assistance to help make up a $3.5 billion shortfall in the retirement system for city workers, The Wall Street Journal reported Wednesday.

Under the plan being discussed by federal and state officials, Michigan would give Detroit $100 million earmarked for the state from a U.S. Treasury Department fund established in 2010 to provide relief to struggling homeowners in the wake of the housing crisis, according to the report.

 

Officials familiar with the discussions told The Wall Street Journal that Detroit emergency manager Kevyn Orr could use the unspent funding earmarked for blight elimination to help reduce pension cuts for city employees.

The Obama administration previously announced nearly $300 million in federal and private funding for Detroit, largely drawn from existing resources. The city filed for bankruptcy last July, citing $18 billion in unmanageable long-term liabilities.

 

"There is no bailout coming from Washington, but we continue to support the efforts by state and local officials as they work on Detroit's revitalization," the White House said in a statement Wednesday.

 

Under the proposed deal for federal money, many officials at the local and state level in Michigan would need to agree with transferring $100 million to free up additional money for the pension system, The Wall Street Journal reported.

 

The city has an $816 million pledge from foundations, philanthropists and Gov. Rick Snyder to shore up pension funds and prevent the sale of city-owned art as part of Detroit's strategy for exiting the largest public bankruptcy in U.S. history.

 

The city reached tentative agreements to preserve pensions for retired police office and firefighters but cut monthly payments for other former employees, officials said Tuesday.

 

Retired police officers and firefighters would see smaller cost-of-living payments but no cut in pension benefits under the deal. Detroit's other retirees, who have smaller pensions, would get a 4.5 percent cut and elimination of yearly inflation allowances under a separate compromise.

 

Retirees and city employees who qualify for a pension will get a ballot in a few weeks. If they don't support the plan, the $816 million vanishes and deeper pension cuts are inevitable, Orr has warned.

 

Michigan House Speaker Jase Bolger, R-Marshall, who is supporting a plan to commit $350 million in state dollars to Detroit pensions, told The Associated Press the city's unions should put money in the pot — and not just in the form of concessions from members.

 

"They have profited from these contracts. They have collected union dues. They should step forward and join in mitigating the effects of the bankruptcy," he said.

 

State aid for Detroit is tricky for the Republican governor and lawmakers who are uncomfortable with talk of a "bailout." Some legislators are worried about the rescue setting a precedent if other cities collapse. Draft legislation is in the works; the money could be diverted from tobacco settlement funds that Michigan receives each year or come from securitizing future payments to get a lump sum up front.

 

One potential advantage for Snyder is that southeastern Michigan is home to many lawmakers who want to see the city turn a page. Nearly five of every 10 lawmakers represent parts of Wayne, Oakland or Macomb counties. City retirees at risk of significant pension cuts without state aid also live in many of those districts.

 

The Associated Press contributed to this report.

 

http://www.foxnews.com/politics/2014/04/17/unions-want-100m-in-federal-funds-to-aid-detroit-pension-deal/

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Fargo, you fire up my instincts because the unions are citizens of America, Society's children where big business has screwed them over in the private sector.

 

Wait, they are genders belonging to multiple social justifications where theoretical policies have conflicting issues within the same population.

 

You SOB. You are playing psychological class warfare. Caught you with your hand in the cookie jar.

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Why do I owe unions anything?

 

 

 

 

Unions want $100M in federal money to aid Detroit pension deal

Published April 17, 2014

 

Union leaders in Detroit want $100 million in federal funding earmarked for homeowner assistance to help make up a $3.5 billion shortfall in the retirement system for city workers, The Wall Street Journal reported Wednesday.

Under the plan being discussed by federal and state officials, Michigan would give Detroit $100 million earmarked for the state from a U.S. Treasury Department fund established in 2010 to provide relief to struggling homeowners in the wake of the housing crisis, according to the report.

 

Officials familiar with the discussions told The Wall Street Journal that Detroit emergency manager Kevyn Orr could use the unspent funding earmarked for blight elimination to help reduce pension cuts for city employees.

The Obama administration previously announced nearly $300 million in federal and private funding for Detroit, largely drawn from existing resources. The city filed for bankruptcy last July, citing $18 billion in unmanageable long-term liabilities.

 

"There is no bailout coming from Washington, but we continue to support the efforts by state and local officials as they work on Detroit's revitalization," the White House said in a statement Wednesday.

 

Under the proposed deal for federal money, many officials at the local and state level in Michigan would need to agree with transferring $100 million to free up additional money for the pension system, The Wall Street Journal reported.

 

The city has an $816 million pledge from foundations, philanthropists and Gov. Rick Snyder to shore up pension funds and prevent the sale of city-owned art as part of Detroit's strategy for exiting the largest public bankruptcy in U.S. history.

 

The city reached tentative agreements to preserve pensions for retired police office and firefighters but cut monthly payments for other former employees, officials said Tuesday.

 

Retired police officers and firefighters would see smaller cost-of-living payments but no cut in pension benefits under the deal. Detroit's other retirees, who have smaller pensions, would get a 4.5 percent cut and elimination of yearly inflation allowances under a separate compromise.

 

Retirees and city employees who qualify for a pension will get a ballot in a few weeks. If they don't support the plan, the $816 million vanishes and deeper pension cuts are inevitable, Orr has warned.

 

Michigan House Speaker Jase Bolger, R-Marshall, who is supporting a plan to commit $350 million in state dollars to Detroit pensions, told The Associated Press the city's unions should put money in the pot — and not just in the form of concessions from members.

 

"They have profited from these contracts. They have collected union dues. They should step forward and join in mitigating the effects of the bankruptcy," he said.

 

State aid for Detroit is tricky for the Republican governor and lawmakers who are uncomfortable with talk of a "bailout." Some legislators are worried about the rescue setting a precedent if other cities collapse. Draft legislation is in the works; the money could be diverted from tobacco settlement funds that Michigan receives each year or come from securitizing future payments to get a lump sum up front.

 

One potential advantage for Snyder is that southeastern Michigan is home to many lawmakers who want to see the city turn a page. Nearly five of every 10 lawmakers represent parts of Wayne, Oakland or Macomb counties. City retirees at risk of significant pension cuts without state aid also live in many of those districts.

 

The Associated Press contributed to this report.

 

When you get that Socialism thing going, everyone wants in on the bandwagon.

 

PLASDs are a failure in life so they want the health care and welfare of Socialism from the government.

 

Banks made bad decisions so they want a bailout of Socialism from the government.

 

Unions made bad decisions so they want a bailout of Socialism from the government.

 

MORAL HAZARD

in economic theory, a moral hazard is a situation where a party will have a tendency to take risks because the costs that could result will not be felt by the party taking the risk. In other words, it is a tendency to be more willing to take a risk, knowing that the potential costs or burdens of taking such risk will be borne, in whole or in part, by others. A moral hazard may occur where the actions of one party may change to the detriment of another after a financial transaction has taken place.

Moral hazard arises because an individual or institution does not take the full consequences and responsibilities of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to hold some responsibility for the consequences of those actions.

Socialism destroys the essential concept of Personal Responsibility.

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No banks, unions, businesses or individuals should get bailouts from the tax payer. Command economies fail quickly.

Social embezzlement of ancestry's ancestors comes from every angle of ruling societal evolution. You want to control what everyone else believes possible, for a fee of being the capitol of what everyone pays to perform as.

 

Power, wealth, and fame is how success is measured socially and they are subjective values subjects must pay for with blood, devoltion, loyalty without question an ideologue that would sell their own ancestry off to become King/Queeen for a day teaching their children to beome princes and princesses of saving humanity's means of filtering real through channels of would, should, could if only and only if everyone else folows their percribed behavior patterns.

 

One problem, self contianment between contracting results and expanding details is eternally now universally adding details never duplicated as before or since added.

 

Denial. Telling the truth of what you believe doesn't address what gets denied. Perpetual chaos in a natural balancing moment that is physical eternity, which you and your ideology will not accept as being accurate.

 

again, denial is a virtue within your adopted ideology. You are corruopted since birth by your own ancestry..

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Yeah the working people get screwed when they don't fund retirement programs in the contract. they just don't pay it the say sorry we don't have the money after not funding it for years. pocket that money and screw the workers.

 

I Disagree COMPLETELY... most unions, especially the public unions, spend BILLIONS to get THEIR candidates elected, then get sweetheart "contrat deals" that give them pay and benefits that NO ONE in the private sector gets... and THEN, when there isn't enough money... they want the poleticians to RAISE everybodys taxes and SCREW the Taxpayers (including non union WORKERS, in the process...

 

Again, pretty typical liberal argument though... he claims "the workers are getting screwed", but in REALITY, the Unions are screwing the taxpayers... and THAT includes MILLIONS of TRUE WORKERS that are NOT in corrupt unions...

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Yeah the working people get screwed when they don't fund retirement programs in the contract. they just don't pay it the say sorry we don't have the money after not funding it for years. pocket that money and screw the workers.

The ones "screwing the workers" are the democrats that have run the city of Detroit for decades and the unions that promised the workers everything, yet refused to set that promised-money aside for the retirement funds.

Gee, THAT sounds very familiar!!! (no money to pay the promised "goodies").

Are the unions and the democrats gonna pay the promised retirement of the unionized federal workers when it comes due?

How are they EVER gonna pay Social Security to all the people that have been paying into it for all those/these years?

They will just tell the Social Security people "We HAVE to cut your money because we just don't have enough money to pay everyone as much as we promised".

The social Security people will just have to suck-it-up, probably the unionized federal workers too.

Here is the question ....................... Why should the city of Detroit be any different from Social Security people or the unionized federal workers pensions? :)

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Social embezzlement of ancestry's ancestors comes from every angle of ruling societal evolution. You want to control what everyone else believes possible, for a fee of being the capitol of what everyone pays to perform as.

 

I want politicians to stay the hell out of my wallet instead of trying to buy votes with my tax dollars. Got it?

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I want politicians to stay the hell out of my wallet instead of trying to buy votes with my tax dollars. Got it?

Politics runs in every segment of social engineering character performances as citizens of could become reality. Real doesn't matter to societal evolution, i.e. humanity.

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Retirement funds and pensions should be funded. but for years they didn't fund it.. then it falls behind then they say scrap it. its a shame that people don't value workers no more.

 

Lemme make this as simple for you as possible.

 

1) I'm a company that makes widgets. I sell them and make a profit.

 

2) I hire you and several workers for a wage to produce the widget.

 

3) Sometime in the future you decide to unionize.

 

4) You decide you deserve X wages and benefits. You force them on the business.

 

5) The product was profitable, but is no longer profitable because of your added demands. The business is now lsoing more than it's taking in.

 

6) I stop kicking in to your benefits to break even. Eventually, because of competition, the business goes broke.

 

 

 

How did you decide how much you're worth on number 4? Did you care if your combined wage and benefits were more than the business could sustain in good times and in bad times?

 

Explain to me the concept of a living wage? How do you decide the wage numbers that make up a living wage? What if a living wage operates at a loss? Can a business operate at a loss?

 

 

 

 

Why are repubs in a constant battle to screw the working people, while corporations and the top 1/10% are making unbelievable amounts?

 

 

Hey idiotshit, read the story.

You'll find out it's Republicans that are pushing for the bailout, you fooking idiot.

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Lemme make this as simple for you as possible.

 

1) I'm a company that makes widgets. I sell them and make a profit.

 

2) I hire you and several workers for a wage to produce the widget.

 

3) Sometime in the future you decide to unionize.

 

4) You decide you deserve X wages and benefits. You force them on the business.

 

5) The product was profitable, but is no longer profitable because of your added demands. The business is now lsoing more than it's taking in.

 

6) I stop kicking in to your benefits to break even. Eventually, because of competition, the business goes broke.

 

 

 

How did you decide how much you're worth on number 4? Did you care if your combined wage and benefits were more than the business could sustain in good times and in bad times?

 

Explain to me the concept of a living wage? How do you decide the wage numbers that make up a living wage? What if a living wage operates at a loss? Can a business operate at a loss?

 

 

 

 

 

 

 

Hey idiotshit, read the story.

You'll find out it's Republicans that are pushing for the bailout, you fooking idiot.

I was referring to the members here who vote repub, dumdum.

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You know they say if you want a raise today you got to go union.

 

Welp, I just got a helluva raise and I'm not in a union. I'm in Information Technology.

 

These generalities mean nothing.

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They got to feel good and attack anybody that works for a living and make sure they are not making money. they love low wages and cheap good as long as your the one making the low wages.

Define "works for a living"? Adapting to the moment is a so called 24/7 career withiout saving humanity's rules and regulations training brains to mind social commandments character counts and genders don't matter if they do not pay top play society's soul.

 

symbolism is a tool to tip natural balancing intellectually against all other natures. Nature isn't natural balancing, just a result of being part in it.

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You know they say if you want a raise today you got to go union.

LMFAO

Gee, when it comes time to collect those "goodies", the liberal politician that "gave" you those goodies is no longer in office or even alive.

HOW do you get those "promised goodies" from people that are no longer politicians or no longer living, and the city/state/federal is BROKE???? :)

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It a damn shame that the government is screwing over its employees. they signed a contract and now they won't pay. the worker gets screwed again.

 

The contract was signed with a gun held to one party's head. "Give us what we want or else." That's not a valid contract.

 

The shame is going after the tax payer to make up the difference. The tax payer is an innocent bystander.

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Its a damn shame that the working folks can't make some money. they just keep cutting wages and dropping healthcare and pension benefits

LMFAO

......... And thanks to "H", there are not many jobs out there and the inflation is murdering the workers.

See, it goes back to "H" holding his foot on the throat of the American economy , and the inflation that the high-cost of energy has caused. :)

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The contract was signed with a gun held to one party's head. "Give us what we want or else." That's not a valid contract.

 

The shame is going after the tax payer to make up the difference. The tax payer is an innocent bystander.

Liberals don't care that the American taxpayer has to bail out every mistake that is made by other people.

"Raise taxes, that is an inexhaustable supply of money that we can ALWAYS dig into for more" (SIC). :)

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They signed the contract. are you saying that the government shouldn't honor an honest contract. don't tell that to the defense industry or hospitals.

A gun to your head. lol

 

It's not an honest contract. The defense industry and hospitals shouldn't be bailed out either.

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They signed the contract. are you saying that the government shouldn't honor an honest contract. don't tell that to the defense industry or hospitals.

A gun to your head. lol

The people that "signed the contract" are no longer in office, they just "signed the contract" to curry favor and get votes to keep them in office, KNOWING that they (The politician) wouldn't be around "when their house-of-cards comes crashing down".

The unions knew/know that, but didn't/don't care, as long as they can sit in their office and collect THEIR pay, and wield the power they has as "union leaders"!! :)

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