Michigan Votes Forum

Ipmmb22: It’s not a teacher thing, the fact is that the MEA is trying to get something for their members but they either refuse, miss, don’t care to contemplate the long term costs. To complicate matters most legislators couldn’t balance their own checkbooks much less contemplate the...

That's been the problem all along, there may have been very short term savings but they are overwhelmed by the cost of providing not only the boosted benefits (be they at 2X or 1.5X) but having to amortize the existing (and growing) unfunded liabilities. Remember, the pension fund carries over $30...

I'm not sitting on the economic model used by the Fiscal Agency - but I'm betting that there will still be a net cost to the system and here's why... The Pension system as it sits today lost $9.2 billion in asset value as of September 30, 2008 (see here ). That number is not included in the...

This bill carries a net ANNUAL COST of $500 million to $660 million. That's a net cost (savings minus expenses). This data is from the non-partisan House Fiscal Agency! There is no arguement about what happens if this bill moves forward - it will COST over 1/2 a billion annually! These are facts...