Michigan Votes Forum

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...

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...