'….I've been looking at the Teachers Pension Scheme annual accounts.Now education expenditure under 'austerity' is around £45bn.
And even the most hard left Labour trots would argue for just a few billion extra.
Yet.. last year the nett public expenditure on teacher pensions was about £12 bn!!!
Yep, about a quarter of the total!!!! Yet no-one notices.But there is more.
Because there is no actual pension fund, with the pensions part of government annual expenditure, we also need to consider future liabilities, that is the pensions to be paid by future generations for the pension promises of today.
The liabilities in one year increased by over £60 bn !!!!!! More than the entire ecucation budget!!!
In fact pensions is why we have the deficit we do, the word austerity does not exist in public-sector-pension land. Its grown hugely, unchecked, during all the years of tight control on everything else.
The austerity we may or may not perceive in the NHS, education, defence etc. Is to pay for the pensions of the select public sector few, otherwise the deficit would absolutely let rip.
But when oh when does the bBBC ever mention this fact? They don't.A scandal which in monetary terms, dwarfs all other scandals put together, and then some.And totally under the radar. Not I suggest by accident. Most of the public have not the faintest scooby about it. Despicable.'
From a commenter at https://biasedbbc.org/blog/2017/11/10/friday-open-thread-33/comment-page-2/# comments Biased BBC.
Total good sense and completely not ever mentioned by the protect the public sector jobs and thus Labour Party votes BBC