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+ - Khan Academy: The Future of Taxpayer Reeducation? 1

Submitted by theodp
theodp (442580) writes "Illinois Governor Pat Quinn has launched a website and gone social on Facebook, Twitter, and YouTube to educate taxpayers on why they must make good on pension promises to state workers. And, in addition to Squeezy the Pension Python, Gov. Quinn is enlisting the help of Khan Academy, the tax-exempt, future-of-education organization funded by tax-free millions from Google, Bill Gates, and others, to help convince taxpayers that a state-pension-promise is a promise. In the Khan Academy video commissioned by the Governor, Illinois Pension Obligations, Sal Khan concedes that the annual annuity payouts for IL state employee retirees do look 'pretty reasonable' — e.g., $43,591 for the average teacher, $117,558 for a judge — but goes on to argue that 'in all fairness, this was promised to these people,' who he speculates 'probably took lower compensation while they were working,' 'probably stayed in the jobs longer,' and 'probably sacrificed other things' to get these 'great benefits.' 'We’re delighted to have his [Khan's] help in enlightening Illinois citizens about how the pension problem came to be,' said the Governor. Of course, not everything can be explained in one video — perhaps other contributing factors like 'pension spiking', lobbyists' maneuvers, sweetheart deals, creative job reclassification, golden parachutes, bruising investment losses, and other wacky pension games will be taught in Illinois Pension Obligations II!"
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Khan Academy: The Future of Taxpayer Reeducation?

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  • Elected officials have a primary responsibility to the taxpayers not to campaign contributors.

    Many of the politicians that made the promises did so solely to get elected, are long gone and knew they would not be accountable for their unrealistic promises.

    This is just as bad as a politician bailing out financial institutions after they made risky loans and investments that failed.

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