Thursday, July 11, 2013

Here Comes the Pain: Detroit To “Significantly Cut Vested Pensions” For Retirees




Before It's News | Popular Politics





Here Comes the Pain: Detroit To “Significantly Cut Vested Pensions” For Retirees



During the summer of 2011, as Ben Bernanke and his mainstream propaganda arm convinced Americans that green shoots were cropping up all over the nation, warnings of the coming destruction of America’s pension funds had begun to emerge.
Government employees may currently enjoy higher salaries and benefits than the private sector, but they have been given a false sense of security.
Whether you are a police officer, fireman, school teacher, or utility worker, you could have serious problems down the road.
Chances are that every major metropolitan area in the country is heavily in the red. This means that the jobs and retirement futures of millions of people are under threat.
[The only] option will be for ex-Federal governments to start reducing benefits and firing workers.
Just two years on we’re seeing the warnings manifest in the real world.
Once again, we focus the microscope on Detroit, which to those paying attention, is America’s canary in the coal mine signaling what’s to come for the rest of the country.
With the threat of a city bankruptcy looming, Detroit city workers and retirees are pushing back against the state-appointed emergency manager, filing lawsuits to limit his options and refusing to accept demands to keep details of their discussions secret.
One lawsuit, filed in Ingham County Circuit Court in the state capital Lansing, seeks to stop Governor Rick Snyder from allowing the emergency manager, Kevyn Orr, to file Chapter 9 municipal bankruptcy. That lawsuit claims Orr’s plan to significantly cut vested pensions would violate strong protections in the Michigan constitution for retirement benefits of public-sector workers.

In his June 14 proposal to creditors, Orr listed pensions as unsecured debt of the city. Payment on pensions, retiree healthcare and $641 million of general obligation bonds all would be made from the city’s proceeds from $2 billion of notes Orr plans to sell as part of his restructuring plan.
The plan, if enacted, would be expected to result in significant cuts in pension payments.









Unprecedented: Judge Interrogates Zimmerman: “I Have Never Seen That In More Than 30 Years of Court Reporting”



A casual observer could rightfully argue that the fix against George Zimmerman has been in since the very beginning. From NBC doctoring the 9-1-1 phone call to make it appear his actions were racially motivated and mainstream reports identifying him as a “white Hispanic”, to the President of the United States weighing in on the debate by suggesting if he “had a son he’d look like Trayvon,” Zimmerman had been convicted by millions before he had even been charged.
As government prosecutors and Zimmerman’s defense team argued their case before the American public this week, the evidence strongly supported Zimmerman’s claims of self defense on the night of February 26, 2012. So much so that prosecutors attempted to introduce new charges such as “child abuse” mid-trial because it became clear that the jury would be hard-pressed to convict Zimmerman of murder.
Now, only a day before the jury is to convene for deliberations that will determine the fate of George Zimmerman, an unprecedented incident occurred in the court room, leaving one veteran legal analyst who was present to tweet that she has “never seen that in more than 30 years of court reporting.”
Speculation is raging that the judge in the George Zimmerman case could have been put under pressure by the Obama administration after she staged a bizarre outburst during which she interrogated Zimmerman while repeatedly silencing his lawyers.

The hostile exchange began when Judge Debra Nelson asked Zimmerman if he planned to testify.
Essentially, Judge Nelson told Zimmerman he had the “absolute right to remain silent” but then proceeded to demand he answer her questions interrogation-style while silencing his lawyers.
Defense attorney Don West twice objected to Nelson’s interrogation, prompting the judge to raised her voice and exclaim, “Your objection is overruled!” in a manner more befitting of an angry parent lecturing a child than a legal professional.
Both of Zimmerman’s lawyers appeared shocked as attorney Mark O’Mara asked under his breath, “what is going on?”
Several legal experts and observers said the outburst was unprecedented.
Via Alex Jones and Paul Joseph Watson of Infowars.com In the video below, Judge Nelson clearly targets Zimmerman in a manner unfit for an American court of law. As noted by Jones and Watson, the exchange undermines Zimmerman’s, “right to remain silent” and makes it “appear as though he and his attorneys are not firm in their convictions.” And the jury saw all of it, suggesting that the fix really is in, and that the justice system is pulling out all the stops to ensure a conviction.
Watch the heated exchange as Judge Nelson confronts George Zimmerman in an unprecedented display of improper procedure during a MURDER trial that left his attorneys bewildered and without recourse.






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