>> they are as underfunded as many of the pension plans. over pensions when a company goes bankrupt. but they have enough assets, like most pension plans, to cover the benefit payments or 20, 30 years. it's not an immediate problem. your requiring significant increase cash contributions. increasing the premiums they charge to help fund their long-term deficit. liz: show us what your talking about on this particular chart. you have the assets in the blue line. explain to people what they're looking at. >> comparing the liabilities and assets of the 100 largest defined benefit plans in the u.s. and while you see the lower lining, the assets performed well the last four years. liz: the market is done well. >> the market has done well. that has not been enough told pinching funding from reaching record deficits because interest rates have dropped and the liabilities have outpaced assets liz: is there any way for people who work in the company to find that the pension area is underfunded? >> one of the things the pension protection act requires

we have up to 20 years left of a life span because of a purposeful, chronic underfunding and the theft of our lands and resources. what she is doing symbolizes what is happening to first nations. if there is one way to speak to canadians, maybe it is that way. >> is this a relationship that can be turned around and repaired? by all appearances, it seems broken. >> absolutely. i would refrain the question. i don't think the relationship between first nations and the harbor government is going to go anywhere. this movement is part of a global, social movement that is taking a look at the neo liberal free market economic agenda of governments like the current canadian government and saying we want another world. with catastrophic climate change, issues of guilt loss of natural capital to sustain our ridiculous economic system, the end of the year of cheap energy, the world sees the correlation between these types of neo conservative policies and this never ending war for energy that has been going on for the last generation. what is happening here in canada, being led by first nations wom

resources to reducing the backlog of cases that is requiring review, and funding some currently underfunded commitments. these resources will mostly go towards staff resources, as well as additional appropriation authority for some consultant expenditures, and materials and supplies. so, first, let me go through the reducing the backlog initiative which is the first and largest component of this supplemental appropriation. in total we will be requesting 10 positions. you will see there's a planner i, planner ii,, and four support staff positions. these positions will cross a variety of different divisions within the department. a majority of them will be assigned to the current planning division, which is the division that processes notices of the applications that we are seeing in our current backlog. the four support staff positions will likely take over some of the administrative type work, that current planning staff does, to allow those planning staff to focus on the analytical, technical work of the review of the projects. the office space reconfiguration line item will go towards act

that is why last year we restruct rd our payments to reverse years of chronic underfunding. we are avoiding our own fiscal cliff and saving connecticut citizens $6 billion over the next 20 years. we didn't kick the can down the road. we picked it up. then through a restructured benefits and pension agreement with our public employees we are saving the state approximately $20 billion. and we made sure that state governments tightened its own belts as well. we shrank the number of state agencies by more than 25%. we trimmed executive branch employees by more than 1200 positions over the past 2 years including more than a 10% reduction in the number of state managers. as we've done more with less, so have our hard-working state employees. they've adapted and found new ways to continue providing critical services to state residents. we have all had to buckle down and make tough choices. and we're going to have to make more of them in the weeks and months to come. now, recently there has been a national conversation about economic development. about whether it makes any sense to

basically you are seeing big names, 100 top corporate pension funds are underfunded, record deficits. here are some of the names of the companies that are grappling with big fat pension costs. you are going to see adm, caterpillar, alcoa in here, underfunding on the order of 412 billion dollars for these companies. mercer came up with similar results, 557 record billion dollars deficits in the s&p 1500. and what we're talking about is what's going to happen down the road. investors are going to see these weird bookkeeping charges that are just paper charges, not cash charges just yet meaning they are going to be tossing their own company stock in there to do whatever they can to pay for the returns that are underperforming in their pension plans. i have to tell you something, these companies, do you know who they are blaming? the federal reserve. they are blaming low interest rate policies for ruining their expected rates of return so when they don't come up with the returns they expected, they have these shortfalls, right liz? a little controversy going on. >> calpers is doing pretty

we can't promise expanded medicaid while we continue to underfund mental health. we can't promise expanded medicaid while maintaining waiting lists for services. we need to meet our current commitments before we promise more. third, there is enough money in our public and private healthcare system today to make the system work. we can't spend our way out of this problem. that's too easy in the short term and too painful in the long-term. the next three years is an extremely risky time for our state. budget and our health system. and while it may be easier to take the federal money and figure out how to pay for it later, i'm not willing to commit us to a shortsighted decision we will not be able to back away from. instead of expanding a broken program, we will continue working together to implement real health solutions for south carolinians. a health system that delivers the highest value will be able to thrive regardless of what the future throws at us. finally tonight, let's talk about education. first, it would be wrong to have a discussion about education with

that's why last year we restructured our payments to reverse years of chronic underfunding. we're avoiding our own fiscal cliff and saving connecticut taxpayers $6 billion over the next 20 years. we didn't kick the can down the road we picked it up. through a restructured benefits and pension agreement with our public employees, we're saving the state approximately $20 billion. and we made sure that state government tightened its own belt in other ways. we shrunk the number of state agencies by more than 25 percent. we trimmed executive branch employees by more than twelve hundred over the past two years, including more than a ten percent reduction in the number of state managers. as we've done more with less, so have our hard-working state employees. they've adapted and found new ways to continue providing critical services to state residents. we've all had to buckle down and make tough choices. we're going to make more of them in the weeks and months ahead. recently, there's been a national conversation about economic development, about whether it makes any sense to have s

the government's own filing show they are 40 or 50 percent underfunded and the union dues for corrupt gifts and political donations and lobbying and trips . the officers of the union. they have a 401 k and profit sharing plan. why don't the members have that? they don't. what is good for the goose is not necessarily good for the gander, john tammy. >> if walmart were the explorer. why do people line up to get jobs? >> hold olet him finish and i will get back to you rick. >> would you rather an apple store or a blockbuster video? we know the answer. when walmart moves in a place, it attracts other places and walmart is a winner and symbol of success. if you keep them out other businesses will not go to newark to begin with. >> rick, walmart has scen states in the state of thiers and employ 18,000 workers and this place where they are thinking of building is in a deserted lot and has been deserted 40 years. isn't it likely to help newark to help it? >> no, what you guys refuse to recognize . you can throw it at unions but mom and pop stores are put out of business. >> no, they are not.

muni for decades has been chronically underfunded . every single year muni needs that amount or more to deliver. 100 million. riders see this deficiency everyday, systematic meltdowns where the subway fails, late runs. occurs with more regularity. we want to make sure that the public - we all have our own experiences, we hear anecdotes, it is important to have actual hard data. import for the public to see that data, and for us to see that, and to hear from our constituents so that we can build local support to fix the system. we have had budget budget debates; muni has not won those budget debates. the public needs to know exactly what is going on. i am requesting is that we start with a hearing at the land use and economic development committee followed by michael reports, tracking among other things following the follwing: deferred maintenance, last number i heard was 420 million dollars. i want to know that number is going up or down. i hope it is going down. the number of vehicles, light rail vehicles, coaches in the fleet versus

what's left over belongs to the underfunded sheriffs' departments to use for much needed equipment and for manpower. >> at one point that was a real good thing, because they didn't have bulletproof vests. they had bad or old or used equipment. >> well, yes, you ow, but is that the way to finance those things, you know by increasing sentences for the sole purpose of filling up local jails. is it ethical to incarcerate people for the sole purpose of making money? >> burl cain, warden of one of the country's biggest prisons, angola, says he has reservations about profiting from incarcerations. >> yes, the profit motive bothers me when the profit motive is the motive to not provide the necessary essentials for the inmate. you feed them with a thimble, is a term i use. you try to cut them to 1,800 calories a day, and so those things bother me, and they do that in the private sector more than the public, because they measure every little thing they give you. they're cutting costs, they're cutting dollars, and when they cut your quality of life by doing that, that's wrong. >> the approximatel

we've had four or five years of basically grotesquely und underfunded schools so every kid wins sarl s as a result of this >> growing up in compton or richmond is not like it is to grow up in los gatos or beverly hills or piedmont. so we recognize that, and we put in an equitable formula without bureaucracy, without all the categorical maneuvers and complexity. we send the money based on a formula, and that is controversial but it is fair. it's right, and it's just. >> reporter: now, there is a certain amount of guarded optimism in that administrators know this is just a proposed budget. they are waiting for more when the may revised comes out. in total, the governor wants to give k-12 districts more than $2 billion in extra funding for the next school year. we're live in piedmont, i'm arturo sasantiago. >>> new details tonight on a school shooting this morning in southern california. a science teacher is being called a hero. shooting happened at tack union high school in kern county about 40 miles south of bakersfield. the sheriff's department says a 16-year-old student shot a fello

that's right, it helps fund social security, which as we know is underfunded because people are livingsolve that problem, but it does restore >> after years of denying it. lance armstrong now admits he used performance- enhancing drugs. in an interview with oprah, armstrong finally answers the claims that have dogged his career in cycling. but will coming clean. mark a fresh start? and what's the cost to his tarnished for more than a decade lance armstrong looked into the cameras and denied doping. but in a two and a half hour interview with oprah.the disgraced cyclist now reportedly admits to using performance-enhancing drugs. >> i would say he did not come clean in the manner surprising to me. i would say that for myself, my team, all of us in the room, oprah talked about her exclusive sit down with armstrong on morning tv. no longer trying to out- pedal doping allegations, armstrong is in a race to save his public image. apologized to the staff at organization he founded. but critics wonder.if this public apology is just an attempt to allow him to the county handed out now. the shel

and they're overworked underfunded we have a long wait times mental health as we had in the report goes untreated for a long amount of time i that are a part about how drug abuse is running around then and these institutions even the one here in d.c. and one of their main facility is and this is a government run system so dr rod could this be an example of what a government run system on a national scale. and the alaska look like well i think a part of the problem is that the larger the system the larger the bureaucracy the less flexible the less responsive the health care system is that's why it's important to look at alternatives to look at unique approaches even really to look at can we make your more readily available in some of these rural areas where our veterans are so they don't have to travel we may have a much more flexible nimble responsive system that's what i worry about the larger the organization gets the less flexible the less responsive it can be and you know write off about what comes to mind as obamacare and i guess i know some positions myself that have gone through

s in america are saying that could be that their pensions their french and programs are underfunded in this where they won't have to pay it up the average c.e.o. for an s. and p. five hundred company doesn't need social security but they know that by raising the retirement age they're shielding themselves from any tax increases that may come with raising that payroll tax cap so if we were to say hey it's not just the first hundred thirteen thousand even billionaires have to pay into social security suddenly they're paying taxes and quickly and easily that would make social security solvent forever billionaires would be pay in taxes america's fiscal programs have nothing to do with voters in fact the billionaire class is trying to make it harder and harder for people to vote by pushing for voter suppression idea laws and restrictions on early voting america's fiscal problems are a direct result of the billionaire class working behind the scenes of our democracy and siphoning off massive amounts of wealth for themselves by paying lower taxes than they've paid and a half century as senato

are just broken their states that are that are have their pension plans that are forty percent underfunded and you know i did the math and i point out the thirty you have to pay thirty thousand dollars per taxpayer in the contrary to bring the state pension plans up to speed so there's just there's problems everywhere and there's still people who are overpaid and still so i could be wrong kate could be right but i'm betting on america you're betting on america ok and then quickly before we go i guess just to sum it all up what do you think is your biggest concern moving into two thousand and thirteen because you are kind of a perma there and the thing you're most excited about. i'm excited about natural gas is still you give it away you have cooties are still cheap and and here's a sector that are born everyone seems uninterested in and at the same time in the same mouthful say this is this is the energy that's going to fuel the future of the united states so i'm buying the equities right that's pretty simple ok and i don't i go in while the least exciting thing to me is it appears as thou

lets in your interest and of course the employers use these funds to take over other companies to underfund. to go back to the labor unions in the workforce and say well look we've promised you all these pensions rolling the money we're going to go bankrupt and given the fact that we control the government if we go bankrupt the government in the courts are going to tell us a wall street ok the one percent that ninety nine percent the workers savings are in the pension or at the very bottom of the list of complaints they do is they tell their workers if you don't change your pension plan defined benefit program to a defined contribution plan for all you know is what goes in you don't know what goes out then we're going to go bankrupt and wipe you out altogether so that's the kind of politics that's being played and it's a financial war of the wall street not only against labor but against industrial after it destroys the market and now they're waging this fight against anshan on the national level. michael hudson. i think we just i think we just lost him but the point while we try to get him

services through the veterans administration could have helped them but they're just understaffed and underfunded and so the volume of soldiers who are returning really just experience a dearth of service opportunities and options available to them the v.a. acknowledges there is room for improvement there's also a need for the system to adapt and to recognize what are the evidence based practices that we need to assure are going to be available some health experts recommend focusing on prevention and drug screening many believe that in-patient care is an effective in the long term. some. of those services don't come cheap hospital rates per day range from one to five thousand dollars and it doesn't take long for those bills to add up and is that expensive service will not compared to the alternatives not compared to and stage disease and also to those some of the repercussions in the community. coming back from combat many service members and veterans battle addiction it's another huge burden that veterans their families and the taxpayers must bear in washington liz wall r.t. . and while a geisha

shows is that states are on the verge of bankruptcy because they have three trillion dollars of underfunded pensions, thanks to public sector workers. >> in the case of hose success, i will say this, there were him in -- nimrods running the country, and ran it into the ground. >> doesn't help when you have to deal with 400 different -- >> might be a point about that. carolyn, he we are with wages out of walk with the wrying right to work states. how are people going to get jobs if the governments see that and realize they want cheaper jobs? >> well, neil, would argue that we have seen productivity go up and wages go down so i would challenge the fundamental function it's okay to pay nonliving wages. it destroys the middle class. the middle class is the back bone otherwise the economy. the fact this recession has gone on so long has a lot to do with the fact we don't have much of a middle class anymore. so if we want to look at this in the larger picture and long term, then labor unions are what we need. their decline has led to the decline he the middle class and hurt our economy tremendous

. >> underfunded. >> right now, president hollywood friends they are acting funny, republicans they are actually getting the last laugh, guess which top left wing star might have delivered the performance of a lifetime? charles: big hollywood stars help the president keep the white house, today we find one notable liberal wants big time to other side, tim robins donated 5 grand to 10 republicans during a 2006 election cycle. does this show that the left is fickle? >> you know, i think it is really interesting, one that he contributed to was michele bachmann that was -- she is so polarizing on the right, i was like, what is he doing, and suzanne suran don, who he was married to was one of the biggest occupy wall street supporters. charles: i first read the report, i thought what happened she left him for the ping-pong player, i thought he was just upset, this happened before this. >> that was in 06. charles: what the heck that was about? >> i don't know, just because you are in hollywood, and there is a democrat before you does not mean you will automatically agree, mark checke zucker bu

a little over 1 million per taxpayer on underfunded liabilities.licts. so i think in essence our politicians have created a new program. you want to know what i call that program? i call that program all kids left behind. all kids left behind. are we proud of that? because that's exactly what we've done. all kids left behind. let's frame it. let's say it a lot of times, because when we're saddling a baby not born yet with $52,000 in debt, about $3 million in underfunded liabilities in the future, they don't stand a chance. now, i know we're going to be hearing all these issues questioning recent cuts, future cuts, we're not doing the revolutionary war again, we're not doing the civil war again, but we don't count those, it's called baseline politics. but remember, what it really does come down to is all kids left behind. because what is debt? what is debt really? it's future liabilities. we're going to have to create tax revenues on. because once we caught magic threshold, currently $16.4 trillion on its way to somewhere between 19 and $22 trillion

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system supply chain within 24 hours as you know viruses could be around the globe so one of the most underfunded public programs is public health. this is something a massive amount of money has been drawn out of over the last 50 years, specialty. are there any best practices you have seen in various countries you have traveled to about how to build up the public health system so they can more easily identify some of these viruses and respond to it or something that is always reactive instead of proactive? >> thank you for your question. some very interesting initiatives of vigilance that are going on and you may have heard of some of these. one that comes to mind is something called a global viral forecasting initiative founded by nathan wolfe, the young disease scientist based in stamford. teamwork in cameron for years doing field work on the transmission of viruses by way of bush meat from africa wildlife into hunters, the bush meet hunters and their family. nathan has worked on this a long time, a grant from google and expanded this operation, a global viral forecasting initiative. he now si

neighborhoods with underfunded schools and broken down slums, inadequate health care, constant violenceighborhoods in which to many young people grow up with little hope and peace prospects for the future. >> president obama speaking in 2011 at the dedication of the martin luther king monument on the national mall in washington, d.c. journalist, author tavis smiley has spent the past year criss- crossing the country with activist and professor cornell west to start a national conversation on poverty. the address it in their book, "the rich and the rest of us: a poverty maifesto." that called on president obama to organize a white house conference in the eradication of poverty in america. tonight tavis will be in the nation's capital moderating a nationally televised symposium called, "vision for a new america: a future without poverty." the event begins a 6:30 p.m. eastern time and will be broadcast live on c-span at george washington university. tavis smiley, welcome back to "democracy now!" talk about what you're doing and what you want president obama to do. >> thank you for having m

to talk about the question of benghazi and, of course, as you noted before, whether congress had underfunded the overall embassy security issue, which doesn't tell you very much about whether things would have gone on differently in benghazi. she didn't have very much to say about a strategy for combatting terrorism in north africa or for stepping up aid development, all of the other issues she used to talk about so regularly as a way of trying to stop terrorism from taking root in countries like this. and i think the interesting thing will be to see whether senator kerry, when he goes to testify tomorrow in his confirmation hearing, whether or not he comes to it with more of a sort of big picture strategy of what he would do within the region. now, it's possible that one reason the secretary didn't have that, is, of course, she's been out sick for a good number of weeks and they have been cons e consumed by the individual incident in benghazi. >> of course, the overriding question that the republican critics have been focusing on is susan rice, the talking points, this is another one of the

we actually find ways to enforce the current laws that are on the books with an understaffed and underfunded ice, immigrations and customs enforcement agency, i think it's hard to get to the final pathwa citizenship, and i think all these things are part of a solution. look, i favor vastly more legal immigration. what we don't want is more illegal immigration, and neither do people that are here lawfully who have come from other countries. my grandfather came lawfully 100 years ago. we need more of that. we have an arbitrary number of guest worker permits. we need to increase those to meet the economic needs of the country. i think you have to talk about all of these together. for the republican party we've got to make sure we know that people are welcome in this country. >> governor mcdonnell, thank you. we have to leave it will. >> thanks, an trae. >>> as promised, the first of our look backs at inaugurations past. i've been covering them for more than 40 years, starting with one of the warmest. 198 1shg the inauguration of president ronald reagan where we enjoyed a balmy 55 degree day. >>

nation's has launched a new appeal for its operations in syria, saying humanitarian needs are vastly underfunded. >> our international donor community giving 50% of what is needed here, in our minds, a very, very obsessing and of course results in much higher humanitarian suffering that needs to be. it means the people who need the food, not all of them are getting the food, and so on. >> hundreds of people marched in new york city monday in a show of support for stricter gun control in the wake of the mass killing in newtown, connecticut. the group 1 million moms for gun control called on congress to back president of his plan for tighter restrictions on gun and ammunition purchases. the group marched across the brooklyn bridge to city hall, braving frigid temperatures. >> children should not have to worry about guns. we should have a free nation that does not need to depend on firearms to protect ourselves. we should just know we are safe critics really listen to the voices of moms and not the civil law the of the gun industry and try to protect our lives and value the lives of our kids of of