Michigan Votes Forum

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...

GYPSY--YOU WROTE: Valueplus, it appears just by reading the text of this bill that it will cost taxpayers money, but after reading your post, I see your point of waiting for the committee's analysis. Sounds reasonable. -----------------------------------------------------------------------------...

TO SOLUTIONS: I agree. Some schools ARE closing. But, not too many school SYSTEMS are going out of business. MY post you are referring to stated that exact same thing. I stated that schools are indeed closing-----------not SCHOOL SYSTEMS. And, that's an important distinction. If GM goes out of business...

MIKE HIGNITE said: "I don't see the advantage of this bill." and "all I see is an increase..." Please read my posts. You may not see it. But, it doesn't matter if YOU don't see the advantage of it. If the fiscal analysis of this bill, which is expected later this week...

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...