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Marco Rubio on "Your World with Neil Cavuto"
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Marco Rubio on "Your World with Neil Cavuto"
Marco Rubio on "Your World with Neil Cavuto"
7.7s
going to have to retire at sixty five raise retirement ages across the board well obviously
Marco Rubio on "Your World with Neil Cavuto"
8s
each pension is different each retirement plans difference of the changes that have to make are all different but there's no doubt that pension plans campout money they do not have an
Marco Rubio on "Your World with Neil Cavuto"
6.1s
increasing number of them are going to continue to struggle to meet their obligations are going to have to be some dramatic reforms around the country at
Marco Rubio on "Your World with Neil Cavuto"
6.7s
each plant is different of course of the changes will have to make a very different but at the federal level the most important thing we can do is tackle the debt and
Marco Rubio on "Your World with Neil Cavuto"
6.2s
although the it's largely been driven by the entitlement programs federal employment the growth in federal employment and benefits is
Marco Rubio on "Your World with Neil Cavuto"
8.3s
a contributing factor to runaway data and that's something that needs to be if if they're only cares when they retired to their own cash but
Marco Rubio on "Your World with Neil Cavuto"
9.1s
should we do something extreme such as capping the number of years a pension can pay out based on the number of years somebody work for example if you were twenty five years the public sector but
Marco Rubio on "Your World with Neil Cavuto"
6.2s
live for forty years after that he will extract much more than you ever put in do we need to start implementing
Marco Rubio on "Your World with Neil Cavuto"
10.5s
some hard caps well there again these pensions can't pay out money they don't have and so they're on a different dnmt have rightly been they've
Marco Rubio on "Your World with Neil Cavuto"
7.7s
been taking furniture probably didn amount of money coming in current I think going forward you're
Marco Rubio on "Your World with Neil Cavuto"
5.8s
gonna see pension plans across the country have to make some very difficult choices if they want the plants to survive including
Marco Rubio on "Your World with Neil Cavuto"
6s
current beneficiaries of they want to continue to receive their benefits are gonna have to see some dramatic changes in how those plans are structured so
Marco Rubio on "Your World with Neil Cavuto"
6.3s
I think the kinds of things you're outlining are the hard choices that you're going to see cities and counties start here in the very near future did
Marco Rubio on "Your World with Neil Cavuto"
7.8s
you see the story out of DR here the liquor company put two million barrels of whiskey in their pension fund all Sellin paid back later you
Marco Rubio on "Your World with Neil Cavuto"
6.8s
guys have any whiskey down in Florida nndb I've never heard of a pension fund secured by whiskey but that there
Marco Rubio on "Your World with Neil Cavuto"
4.6s
is a whole new valuable commodity in some places Marco Rubio thank you very much for joining us
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Marco Rubio on "Your World with Neil Cavuto"