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Bull has been called. Stop asking someone else to prove a negative.
Your claim, your burden of proof.
Ah yes, the ever present op-ed piece. Is this where you get all your information?
Please show data supporting your claim that current salaries are "much higher now".
Lastly, let's look at just ONE solid claim by this guy:
As someone who is an actual expert in finance, I will tell you this statement is deeply flawed, and it was one of several instances where his math did not add up.How much savings/capital is needed to fund a single life annuity for $53,000 (106% of $50,000) in the private sector, for a male, at the age of 58? The answer: $873,000.00. How much does Oregon PERS say they need? The answer: $563,368.00. This is a difference of over $300,000. Do they have that money? Absolutely NOT: Not today and Not in the past; tax, borrow, tax, borrow, etc
The author is clearly ignorant about one of the most fundamental concepts in finance. His ingorance and mistakes such as the one above invalidate his conclusions.
In short, it is little more than hysterical handwaving by someone who clearly doesn't know the first thing about what he is talking about.
Can you identify the mistake the author makes in his passage? Give it a try. If you don't or won't, I will be more than happy to point it out.
Bull has been called. Stop asking someone else to prove a negative.
Your claim, your burden of proof.
It's not bull . It's the norm, idiot.
How so? I'm curious because as far as on the job offenses, I've only heard of teachers going to jail for physical/sexual abuse of minors and misuse/embezzlement of funds---what are the other reasons? And what are the professions that are safe from prosecution in those instances?
LOL. You don't know what the you're talking about in this case. If you want to go toe to toe with me on Oregon PERS you're welcome to give it a try though. Of course it was an Op Ed piece. I never claimed otherwise. However, the basic principles of the argument are undeniably correct.
Ah yes, the ever present op-ed piece. Is this where you get all your information?
Please show data supporting your claim that current salaries are "much higher now".
Lastly, let's look at just ONE solid claim by this guy:
As someone who is an actual expert in finance, I will tell you this statement is deeply flawed, and it was one of several instances where his math did not add up.
The author is clearly ignorant about one of the most fundamental concepts in finance. His ingorance and mistakes such as the one above invalidate his conclusions.
In short, it is little more than hysterical handwaving by someone who clearly doesn't know the first thing about what he is talking about.
Can you identify the mistake the author makes in his passage? Give it a try. If you don't or won't, I will be more than happy to point it out.
His basic principles were deeply flawed, and demonstrate a shocking ignorance about how these funds work. That is what is undeniable.
I will assume that you cannot tell me why the given passage was incorrect?
I did not see you attempt to show why I might think so. Do you not know?
I am an accountant. I audit insurance companies that issue annuities for a living. I have approximately 50 hours of graduate level, directly applicable education in finance and economics, as well as about six years of professional experience in evaluating reserves for such things. I told you I am an expert on this sort of thing, and I do know what the I am talking about, unlike the dip who wrote the op-ed mastabatory bull you seem to think passes for a good framework on which to view such things.
I will be happy to own your dumb ass on this.
If you can't tell me why the guy is wrong, I will simply assume you don't know, and will move on to showing exactly why he is wrong in a way that will be painfully obvious to anybody, including you, and do so in great detail.
Last edited by RandomGuy; 05-22-2013 at 12:43 PM.
Too late.
They make over $100 k and are complaining?
TB said it's the norm. It was put out they make $45k, which would be base, and work 80 hrs a week. If the $45k was not base, then only $18k would be base for it to take them 80 hrs a week to make $45k for the year.
Don't you see, it is me calling bull .
Are you so ing stupid that you think teachers are hourly employees eligible for overtime?
I did not say 100k was the norm. ing .
Dumbass. Stop thinking hourly. Teachers earn straight salary.
apparently.
Never fails.
We just have to read his posts. Can you imagine working with or actually knowing this dude? I can't imagine WC has too many friends.
Honestly, on a scale of 1-10 the exchange in this thread is probably only a 3 or a 4 on the Wild Cobra stupidity scale.
in before he says "what if"
Serious?I did not say 100k was the norm. ing .
Dumbass. Stop thinking hourly. Teachers earn straight salary.
I thought the law changed such that it was illegal to class non management positions as salary only.
If a teacher has to work 80 hrs to get the job done, they must be incompetent...
And, as if on cue, you double down on stupid.
You don't have the first ing clue what it takes to teach in today's schools.
what a ing dumbass.
And before you start your standard obfuscation shuffle, It may or may not be 80 hours/week depending upon who you ask. But as a generic target, 70-80 hours rings true. I will tell you, in the 10 years I taught, I never, ever put in less than 12 hours at school per day. Then I brought home to work on.
None of this is surprising in a nation that values the societal contributions of PC stock trading programs more than those of its teachers.
I'm not agreeing with WC in the least bit, but having grown up with a teacher as a mom my entire childhood I didn't see these 80 hour work weeks you guys are talking about. And she's not some slacker teacher either. She's taught for over 30 years, from deaf/hard of hearing, special ed, 3-7th grade, and now works as a consultant for teachers. I just find that 80 hour mark a bit of a stretch, considering if it were true I never would have seen my mom growing up.
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