I could make the same statement about the AMerican government under Obama... WHo financed their irresponsible spending? China bought over 1 trillion dollars of our debt. The two largest bondholders of US debt began dumping it just prior to Trump's inauguration. Why? A growing economy is not a good deal for bondholders.
As for education. WHose fault is it that our education system cannot be improved? That would be the teachers unions. Whodo, you weren't here when Arnold took over for that idiot Davis. he tried to make modest changes to teacher tenure (requiring 5 years instead of 2 before tenure) the CTA spent 53 million dollars to defeat that (as well as much needed pension reform). The total spent by unions to defeat his proposals was over 100 million dollars. CA legislature is run by the unions. Don't think it is an accident that right across the river from the Capital there is that huge STRS building (which dwarfs the PERS building). That's our tax dollars funding Dems and unions who contribute to dems. Another thing Arnold tried was to prevent unions from political spending without the members approval. As nearly 100% of union money flows to Dems, it was seen as unfair to the conservative union members (yes, they actually exist). DOA due to massive union muscle flexing at the Capital.
Who ran Michelle Rhie out of DC? https://www.usnews.c...n-washington-dc
How many teachers are getting paid for not teaching because they can't be fired? http://articles.latimes.com/2009/may/06/local/me-teachers6 http://www.nbcnews.c...g/#.WW6e9umE0aE
And don't forget Folsom's educational fiscal misconduct. Instance one:
a school district created the boundaries of a School Facilities Improvement District — carved out of the entire district — in a sparsely-populated where future development will occur and future schools will be built.
Apparently the Folsom-Cordova Unified School District compared this option to the establishment of a Community Facilities District funded by Mello-Roos fees and chose this financing option. Its Improvement District had a population in 2006 of about 330 persons.
That one had a vote of 60 t0 14 for a 750,000,000 bond. Or about 12 million dollars per vote. Of course, we are all obliged to pay for it. It will cost an extra 73.00 per 100k of assessed value as they issue the bonds for S 50.
In other news, Folsom Cordova used capital appreciation bonds to finance $514,000. The sticker price after interest and fees will be $9.1 million.
Not to mention issuing 20 year bonds every 10 years. nd yet, when my kids were in school, there were constant letters asking for more money for fundraising. Where is the money going? Not to the classrooms, that's for sure. And how much does it cost the district to run the AC during the hottest months of the year because they moved up the schools start so that they could get a marginal improvement in test scores?
"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive" -- C.S. Lewis
If the only way to combat "global warming" was to lower taxes, we would never hear of the issue again. - Anonymous
"Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one" — Thomas Paine, 𝘊𝘰𝘮𝘮𝘰𝘯 𝘚𝘦𝘯𝘴𝘦 (1776)