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To: Milhous
The problem is that the costs for the state educational system are hidden, and institutionalized to the point that it is embedded into state constitutions. Online education is cheap, but public education is "free."

Yes, a revolution is coming eventually, but it will take a long, long time to overturn the necessary legislation. But this economic crisis is a good time to start planting the idea of the breakup of the educational system.

10 posted on 08/07/2010 9:04:44 PM PDT by Vince Ferrer
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To: Vince Ferrer
The powers-that-be are going through a reality check. For instance, at least a trillion dollars is needed by the state of Illinois alone to pay for its public pensions.
Six Amazing Facts About Illinois State Pensions:
  1. Almost All of These Multi-millionaire "Servants" Are Educators.
  2. Every One of These "Servants" Are Tax Funded Multi-millionaires.
  3. Illinois Taxpayers On The Hook For At Least A Trillion Dollars in Taxes to Pay For State Retirements.
  4. Sixty-three State Employees Had Pensions Greater Than President Clinton's Pension.
  5. Average Years Worked In University System for $100,000 Pension: 29 Years.
  6. Average Pension For 35 Years Worked In University System: $160,444.
Options open to politicians (eg the people) are rapidly dwindling. It's getting to the point where politicians may either commit political suicide by managing economic collapse or do nothing and ensure a chaotic economic collapse. My money's on the do nothing camp.
13 posted on 08/07/2010 9:44:15 PM PDT by Milhous (Confusion to our enemies.)
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