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February 24, 2010

$1 Billion in Pension Liability for 100 Educrats

Posted by Dave Blount at February 24, 2010 10:02 AM

Want to know why states are going broke? Have a look at this Illinois State Board of Education pension chart:

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That's nearly $1 BILLION in pension liability for the top 100 overpaid educrats in Illinois, where the overwhelmingly Democrat political system produced our current Taxer and Spender in Chief.

Entrusting Democrats to run government is like hiring a drunk as night watchman at a liquor store. We're coming to the part where the store owner arrives in the morning to find the drunk watchman and all his friends passed out on the floor amid broken bottles and sticky puddles, the shelves stripped bare.

More on education pensions in Illinois:

This also explains why spending more on education does not prevent test scores from sinking through the floor.

Hat tip: Doug Ross, on a tip from Michelle H.