Interesting Chart
It shows the average cost to educate a kid from kindergarten through 12th grade in inflation-adjusted 2009 dollars. In 1970 each child's education cost about $40,000. Today it's nearly $160,000 - nearly four times as much! And if you look at the test scores over that period, they haven't budged at all. So we're paying 4 times as much in constant dollars and getting jack shit for it. In even a poorly run company that would be enough to get people fired and auditors looking for criminal fraud.
And it's not like children's brains are fundamentally different now or there's a lot more material to learn - basic math is still basic math and reading is still reading. Which means that teaching might be the only profession in the world that has become less efficient over the last four decades.
And if you're wondering where all the money went, well this little tidbit will give you a clue: former Niles Township, IL school superintendent Neil Codell will receive $26 million dollars in retirement checks from the Illinois teacher pension plan which he will qualify for after just 34 years of work. Which means he'll be getting nearly a $1 million dollars a year in his pension. Now multiply that by every school district and you start to see why some states are facing bankruptcy.
- After losing $4.4 billion on investments in fiscal year 2009, and 5 percent on investments in fiscal 2008, the pension is now underfunded by $44.5 billion, or 60.9 percent, according to the Commission on Government Forecasting and Accountability's March 2010 report.
They have 40 cents of every dollar they need. Tell me again how they get to do this? What their capital base is for it?
Oh yeah, it's you, the Illinois taxpayer, who will be required to make up the shortfalls when (not if) this blows up in their face.
Get the hell out of Ill-noise folks. Right now.
Oh, if you're an Illinois teacher?
Your pension is toast.
Mark my words.
Labels: pension
posted by SCC at 12:33 AM
31 Comments:
Can I get a refund?
This is just another example of why I didn't, when I worked the streets, nor do now, working inside, give the mutts of Austin an ounce above bare minimum in terms of service.
If the dregs, illegals and miscreants of society weren't allowed to flourish while being absolute non-contributors, I MIGHT think differently. Until the day comes (which will NEVER happen) when people receive benefits, programs, city services, etcetera that are commensurate to their productivity and contributions to society, the pooches will get absolutely nothing from me.
Same goes for producing any type of revenue beyond what I'm forced to pay in taxes. I refuse to further enable the bottom rungs of society via activity/quotas (oops!, I meant "indexes"); such actions occasionally have the unintended consequence of making supervisors look good while inadvertently promoting the facade that the CPD isn't circling the drain.
So pay up, suckers!!! The illegal immigrants need their half-dozen anchor babies birthed, fed, housed and educated on your dime. And don't forget that the perpetually ignorant, dope-slinging, gang-banging, multigenerational Democratic welfare recipients are also counting on your continued support.
Those ghetto kids are just too stupid from years of eating mercury laced fish and lead paint chips. Too many stupid people in their breeding pool.
Years of the politians of Illinois refusing to pay the states required contribution to the pension plan is now having it's effect. Where did the money that was meant to go into pension plans? Taking care of the noncontributers of society and the connected.
Its not a matter of costing more dollars so much as our dollars not being worth as much. That was the 1968 decision Nixon made when the country went off the gold standard.
Recommended reading: Weapons of Mass Instruction by John Taylor Gatto.
Our pension is also toast.
What is missing in the minds of police officers with all the shortages of manpower is also that the pensions are getting less money put into them also. Many bosses are retiring and taking big chunks of that pension and there are about a thousand less officers putting into it. All of us with less than 20 years on might not have a pension to rely on as well.
Want to save money?!? Kick out all of these illegals who are getting their free education at our expense! That's $160,000 an illegal child.
You want see an example of how a CPS/Prosser Career Academy High School teacher can abuse the system and make $100K, while the CPD is thrown peanuts.
Below is a link to a picture of a boat (YES A BOAT!!) being stored and worked on by one of Prosser's $100K teachers in his Prosser auto shop classroom (Room 124)
http://www.befunky.com/create/?share=http://befunkyanonymous.s3.amazonaws.com/bf4f5a85702482a4c15851f683521a2a1277399657_7962.jpg#/share
Now, do you think CPS teachers make too much money??
Hopefully, this teacher is on the CPS' list of the 200 worst teachers and will be cut. Though, on second thought, maybe they should keep this teacher as students can learn from this person on how to manipulate the system for their own good.
And if you look at the test scores over that period, they haven't budged at all.
---------------------------------
Only because they "re-normed" the test scores.
Re-norming is a process by which they adjust the scoring system periodically so that current crops of students are not measured against previous years crops of students.
If they used the same scoring criteria as 30 years ago, today's students would score far worse.
ALL pensions are toast.
options : inflation = reduce value of benifit.
bankruptcy = relieve obligation.
qualification = move ret. age past avg. lifespan.
reformation = combine pub. & priv. pensions w/ soc. sec. & welfare in a fed. pay grid w/ a link type card.
you were a policeman, ok, your retirement grade is E-5.
get ready to be unhappy !
That quote was, more directly, from Karl Denninger's The Market Ticker.
Obligated to pay that shortfall?
LOL!
Let me buy those advocates a clue:
What do you think is easier, amending Illinois' constitution or taxing every man, woman and child legally here in IL some $10,000-$20,000 each on top of ordinary income taxes?
Good luck on that that tax idea.
TIME FOR PENSION REFORM!!!!!!!!!!!
Our pension fund will not last beyond 2022 in the present form. A couple of years ago it was loaded with all the cdo, cds and cmbs nonsense. I would guess it lost 100 million that year.
The pols make sure that the Right investment advisors are hired whether or not they are any good. It probably will not affect me too much but those on the job--
a little advice.
I would be more concerned with the pension fund than some funky retro check. If you are retired 20 years and receive 50 a year- that is a million dollars.
Big difference compared to being concerned over a funky 5 grand.
old retired guy
I thought something was wrong.
I think it was that "bottomless pit" effect that tipped me off -- no matter how much money we poured down there, it just disappeared and nothing changed.
Hell, it disappeared and things got worse. Those lines on the chart are just overall averages; they don't reflect the abyssal descent of "inner-city" intelligence -- a lot of the kids out there are not only pre-literate, but nearly pre-verbal at age 17, 200 lbs, 6 feet.
Educable? Employable? They're not even reachable, let alone manageable. Their minds are a jumbled, maddened, artificial music-video construct of gyrating half-naked girls running after helicopters taking off in clouds of $100 bills as hand signs are thrown and AK-47s are shot off and the beat pounds and pounds.
Failed social experiment.
I say that so often, of so many things that I see, that a reasonable man could conclude --
"failed society."
What is it they call places like Somalia? "Failed state."
Face it.
the state of illinois treats this as a bad tyramid scam. those that didnt retire 15 years ago will be left holding the bag. bow your head.....no soup for you!
Are we spending more when inflation is factored into the graph?
THAT WOULD SUCK!!!
Look up Glen Becks, History of unions at
www.foxnews.com/glennbeck/index.html - Cached
He talks about CPS pensions
Awwwww...cmon, these peopLe are just misunderstood. Since chicago is so good with doctoring information, oops i mean charts. Dropout rate is uuummm...50%!!!
"Only because they 're-normed' the test scores.
"Re-norming is a process by which they adjust the scoring system periodically so that current crops of students are not measured against previous years crops of students.
"If they used the same scoring criteria as 30 years ago, today's students would score far worse."
--6/24/2010 01:36:00 PM
You bet your a** they would.
Excellent point that makes the bad news on the chart far, far worse.
Used to have a book somewhere entitled "How To Lie With Statistics." Don't worry, these people know right where their copy is.
Reminds me of the Loyola University monograph on "Homicide In Chicago" I used to have. They started the timeline in 1968, after the passage of the Civil RIghts Act of 1964, the Hart-Celler Act of 1965 (immigration quotas torn up), and the resultant Gun Control Act of 1968.
If they'd started the time line, say, with the founding of the city, you'd REALLY have seen an increase!
Lies, damned lies, and statistics...
Here's a better link to the boat in a classroom at Prosser:
http://www.befunky.com/create/?share=http://befunkyanonymous.s3.amazonaws.com/bf4f5a85702482a4c15851f683521a2a1277399657_7962.jpg#/share
I can't believe you are bitching about anybody else's pension. I agree that anybody getting a $600,000 pension is bullshit but everybody other than those of us getting a $60,000 a year pension are pissed. People at age 50 getting downsized without a pot to piss in look at us being able to retire at age 50 with up to 75% of an $80,000 salary or being forced to wait until age 55 to get health insurance paid for really have no sympathy.
An old timer told me 35 years ago, kid, coppers fuck up more good things by opening up their mouths. Of all the topics SCC has written this is probably one of the dumbest. With unemployment at probably 20% in the City of Chgo for us to bitch about anybody else's pension is assinine.
Maybe our pension system will not last but whining about somebody else serves no purpose. If the average citizen knew what we get they'd hate us more than they do now.
BEST ADVICE. QUIT AS SOON AS YOU CAN AND TAKE ADVANTAGE OF THE PENSION WHILE IT LASTS.
FROM A YOUNG RETIRED GUY WHO HAS COLLECTED CLOSE TO A HALF MILLION SO FAR.
After the November elections, all pensions in Illinois will become a target. They are in such bad shape that tax increases alone will not saves them in the long run. The government will take this to court in an attempt to reduce retired members benefits. It is alrady happening in Colorado. If they are successful, everyone will try it.
/2010 01:15:00 AM
West Side, Inside Do-Nothing said...
This is just another example of why I didn't, when I worked the streets, nor do now, working inside, give the mutts of Austin an ounce above bare minimum in terms of service.
If you hate Austin so much, why do stay assigned there?
In fact, why are you the police?
all gov pensions are doomed. bend over and wait for the big chalupa! they re gonna screw us. wait til after the november elections. they ll create an amendment or declare the state bankrupt. joe citizen could give a f@rk about us.
10:49:00 PM...
WSIDN said "mutts of Austin..." Are you illiterate and blind?? MUTTS is the working word of WSIDN's post.
We the Police have a natural kinship with and affinity for hard-working upright people. Not the multi-generational, mouth-breathing, resolute non-contributors who are spawned, bred, and leave their remains for the next generation to nest in to repeat the cycle...
Justify your existence!
Give a good accounting of yourselves!
Make yourselves useful and contribute SOMETHING other than shooting shit, bullets and sperm in God knows every direction on the compass!
As a REAL, old time West Side preacher-man (yes, he had a REAL Doctor of Divinity AND Doctor of Education degrees) once said, "some folk NEED leaving behind!" He would die of a broken heart if he were alive to witness what we see.
One bonafide instance of the dead being truly grateful we reckon.
...Sell crazy somewhere else. We're chock full up to our eyeballs in it already thanks to Daley Inc.
If you hate Austin so much, why do stay assigned there?
In fact, why are you the police?
6/24/2010 10:49:00 PM
Because I'm still collecting a paycheck and waiting to retire. Remember it's only a job now. 2% raise, you get what you wanted from me and most other coppers in this fucked up city.
Failed social experiment.
Like the attitude of telling little Johnny if you try hard enough, you can become anything!. So now you have a generation that was fed this crap in college wondering why they can't become doctors or lawyers because mummy and daddy said that they could.
This of course lead to the reasoning that no child should be excluded from any thing. Take little Johnny again. Little Johnny wants to play base ball, but he sucks. Mummy and daddy scream long and loud enough to get him on the team, even if he drags them down.It would be wonderful for his self esteem.
What ever happened to just simply trying? You try to do something, you either succeed or fail. Not everyone gets a trophy, not everyone gets to play on the team.
We now have a generation that does not know how to deal with failure.
People at age 50 getting downsized without a pot to piss in look at us being able to retire at age 50 with up to 75% of an $80,000 salary or being forced to wait until age 55 to get health insurance paid for really have no sympathy.
Well boo fucking hoo!
Are you talking about the same people in the private sector that when the economy was just humming along enjoyed regular raises, bonuses, benefits like a company car and great health insurance?
These same people who when I encountered them either while I was working or in a social situation looked down their noses at me as a simple civil servant?
But now, with the economy in the tank, private sector pay raises are all but non-existent. Bonuses are all but gone. Benefits are cut. Now all of a sudden I'm the bad guy?
Cry me a river.
6/25/2010 10:00:00 AM
BRAVO!
Dead bang on target, please fire for effect!
"Yaayyy, you got your asses kicked but you still get a trophy! Wooo! anybody for ice cream?" In our day it was "Muthafuckahs you lost, now run some laps until I get tired."
These same silly, clincher-head adults have fed their children so much of this mush-head foolishness that we now have a Ritalin addled generation of fully formed yet half functioning adults who can't handle adversity and have melt-downs because things don't go their way unless they've gnawed on a mood altering happy pill.
The curative in the old days was a good long and loud ass-kicking by both parents and the Sunday afternoon dinner when all the uncles would drive up and slam on brakes before charging into the house saying, "you did what?" and that would be your ass again until you learned not to say/do stupid shit.
A bygone era.
We note with amusement during contentious Police/citizen encounters when the Police give an ORDER (not a request, muthafuckahs!) "Well suppose I don't wanna do what you say, I have rights!" The end result used to be a slap in the eye and handcuffs followed by "Yer Pa will get the bill for this ass-kickin' Junior." Now it's just cuffs unless they get REALLY stupid. Which is more often than not now...
People just aren't disciplining, testing and hardening their children like they used to which is why we're becoming a nation of liberal mushes.
Then when the Police hang a steel toed size 12 in that ass, we're wrong.
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