[EGPWS]

but so far the measures have fallen well short of bridging a nearly $1 trillion funding gap.

What's a trillion dollars when the fed's tote a 16 trillion dollar debt?

We are so desensitized by Washington's addiction to spending that most don't even shrug at the idea of a trillion dollar debt any more.

[GeronL]

“despite cuts”

Those “cuts” are decades and decades into the future if they exist at all

[familyop]

Federal funding to local governments will have been cut enough, when each and every one of us regularly sees more manufacturing shops (i.e., all over our country). In other words...long after a whole lot of NIMBY socialist regulations have been abolished or ignored.

[Vince Ferrer]

Teachers don’t feel this is a problem, because often they have legally obligated the states to make up for whatever shortfall their pension funds have. Which means gigantic tax hikes for everyone.

[seenenuf]

Fox lifted this story right off the top headline - Wall Street Journal (9-22-12)front page. That’s good. A lot of people at the Journal made that job easy for re-write folks at Fox.

I can predict 80% of the ‘stack of stuff’ that Rush will use every day. It’s usually in the WSJ. I’ve subscribed for many years. The Journal does the hard and expensive job of reporting! As they have hired more “kids” that went to modern J schools, the news writing leans more to the Left but the Opinion/Editorial can’t be beat for this onservative. So, I subscribe to support it and because I don’t trust sound-bites and I want it to survive! It’s fun to leave my copy on the LA Times newspaper box. Check out their deals for new subscribers. And trust me - online reading does not measure up to paper - I’ve tested that.

[cherry]

rolled back my foot.....maybe they cut a little off new employees, but the big fat pensions by those near retirement or already in the gravy, NOTHING.....

one solution for NYS is at the minimumm, make them pay state tax and make them have to keep their residence in NYS...

hey, they want to feed at the public trough, let them live in it....

[SeminoleCounty]

There will be a major problem in Florida if the pension-contribution plan started in JUL 2011 is overturned

In Florida, they started a 3% contribution made by employees to their retirement system....instead that money is going to the general fund...not to the retirement system. In Florida, it is unconstitutional (State Const) to have an income tax...and this what it turned out to be. That money will have to be made up by the taxpayers

Just a lot of bad government going after bad government.