Is this true??

[scottw]

Originally Posted by Nebe

Think long and hard about why the GOP is always trying so hard to defund education.
Posted from my iPhone/Mobile device

as usual you get it part right and that's an incredibly disingenuous statement......some in the GOP would like to end Federal involvement in education....think about it Eben, if States didn't have to send the money to the Feds to then be filtered through many grabbing hands before making it's way back to the State...the States might have more money for education..I wonder how much "corporate welfare" is handed out through the Department of Education http://www.theatlantic.com/business/...e/257456/..the... pensions that Jim referred are part of the massive unfunded liability that the States currently enjoy, I don't see how you unfund something that is already unfunded

By LYNN O'SHAUGHNESSY MONEYWATCH January 28, 2015, 5:15 AM

Teacher pensions: The math adds up to a crisis

Teacher pension plans from across the country are staggering from a half-trillion dollars in debt. Put in perspective, that's more than $10,000 worth of debt for every student in the nation's primary and secondary schools.

In 2014, state teacher pension systems had a total of $499 billion in unfunded liabilities, which has risen $100 billion in just two years, according to a new report from the National Council on Teacher Quality, a nonpartisan research and policy group dedicated to restructuring the teaching profession.

The report card on teacher pensions found that 70 cents of every dollar contributed to state pension systems pays for this massive debt rather than covering current employees' future retirement benefits.

"The math on state teacher pension policy doesn't add up," suggested Sandi Jacobs, the organization's vice president. "The funding crisis is staggering, yet the structure of most states' pension systems isn't giving teachers what they need.