Government run "anything"......

[Babagounj]

Another Democratic failure .

http://dailycaller.com/2016/02/05/chicagos-schools-are-more-broke-than-puerto-rico/

This week, Chicago Public Schools made a $725 million bond deal necessary to save the district from running out of money this spring. Initially, the bond was offered at 7 percent interest, but a lack of investors forced them to drop the price until the effective yield reached as high as 8.5 percent. Even at that rate, the $725 million in bonds CPS sold was less than the nearly $800 million they were hoping to move.
The 8.5 percent interest rate is, in the words of the Chicago Tribune, “simply staggering” when CPS has the power to tax and when the federal funds rate is close to zero percent — meaning borrowing money should be very cheap. CPS is also currently barred by Illinois state law from declaring bankruptcy, but despite that impediment to the district, investors appear to have almost no confidence in the debts being fully repaid.
The newly-borrowed money will cost tens of millions of dollars per year for CPS to pay off, adding to the $538 million per year the district was already spending to finance its existing $6.2 billion in debt.

 

[newfie]

Another Democratic failure .

http://dailycaller.com/2016/02/05/chicagos-schools-are-more-broke-than-puerto-rico/

This week, Chicago Public Schools made a $725 million bond deal necessary to save the district from running out of money this spring. Initially, the bond was offered at 7 percent interest, but a lack of investors forced them to drop the price until the effective yield reached as high as 8.5 percent. Even at that rate, the $725 million in bonds CPS sold was less than the nearly $800 million they were hoping to move.
The 8.5 percent interest rate is, in the words of the Chicago Tribune, “simply staggering” when CPS has the power to tax and when the federal funds rate is close to zero percent — meaning borrowing money should be very cheap. CPS is also currently barred by Illinois state law from declaring bankruptcy, but despite that impediment to the district, investors appear to have almost no confidence in the debts being fully repaid.
The newly-borrowed money will cost tens of millions of dollars per year for CPS to pay off, adding to the $538 million per year the district was already spending to finance its existing $6.2 billion in debt.

its a liberal socialist failure that is become more and more common. Revisit Margaret Thatcher who said the problem with socialism is you eventually run out of others peoples money.

 

[DriveInDriveOut]

its a liberal socialist failure that is become more and more common. Revisit Margaret Thatcher who said the problem with socialism is you eventually run out of others peoples money.

Public schools are a liberal socialist thing? Interesting.
Public schools don't turn a profit, republicans seem to want to blame the people that work there for that fact.

 

[Babagounj]

Actually the profit is providing the children with a proper education which in turn prepares them for their working lives .
If the schools can not give a complete school year's worth of education due to the lack of funding to pay the teachers , then the system is flawed .

 

[DriveInDriveOut]

Actually the profit is providing the children with a proper education which in turn prepares them for their working lives .
If the schools can not give a complete school year's worth of education due to the lack of funding to pay the teachers , then the system is flawed .

So fund them.....

 

[realbrown1]

Another Democratic failure .

http://dailycaller.com/2016/02/05/chicagos-schools-are-more-broke-than-puerto-rico/

This week, Chicago Public Schools made a $725 million bond deal necessary to save the district from running out of money this spring. Initially, the bond was offered at 7 percent interest, but a lack of investors forced them to drop the price until the effective yield reached as high as 8.5 percent. Even at that rate, the $725 million in bonds CPS sold was less than the nearly $800 million they were hoping to move.
The 8.5 percent interest rate is, in the words of the Chicago Tribune, “simply staggering” when CPS has the power to tax and when the federal funds rate is close to zero percent — meaning borrowing money should be very cheap. CPS is also currently barred by Illinois state law from declaring bankruptcy, but despite that impediment to the district, investors appear to have almost no confidence in the debts being fully repaid.
The newly-borrowed money will cost tens of millions of dollars per year for CPS to pay off, adding to the $538 million per year the district was already spending to finance its existing $6.2 billion in debt.

Chicago.......a Democrat paradise run into the ground 1 liberal decision at a time.

The irony is that when it all fails in Chicago, the liberal Democrats will be on all their liberal news stations blaming Republicans.

And the stupid liberal media and stupid Democrat voters will all believe it.

I guarantee it.

 

[MrFedEx]

Public schools are a liberal socialist thing? Interesting.
Public schools don't turn a profit, republicans seem to want to blame the people that work there for that fact.

Republicans hate public schools because the teachers are unionized and they aren't allowed to teach Christianity. The solution? Charter schools, where they can teach all about the baby Jesus and the teachers can be paid a pittance. Oh, and there's the profit motive too. It's always about the profit.

 

[MrFedEx]

thanks , EPA is charged with keeping our water safe, They should either do their job or we should abolish them.

Conservatives are always pleading for the abolishment of the EPA, the IRS, and other "unnecessary" federal entities. Industries will "self-regulate", and the free market will auto-correct. For example, in Flint we needed to let thousands of people get sick or die and then let a private contractor come in at huge expense and reap gigantic profits. How many dead people would it take for the free market to kick-in?

The state of Michigan is to blame here, not the EPA. They made the choice to source water from the Flint River, which was cheaper. Testing? Who needs testing? Never mind that the auto industry had dumped pollutants directly into the river for 80 years or so.

It's always about the money for you tools.

 

[teamer]

Conservatives are always pleading for the abolishment of the EPA, the IRS, and other "unnecessary" federal entities. Industries will "self-regulate", and the free market will auto-correct. For example, in Flint we needed to let thousands of people get sick or die and then let a private contractor come in at huge expense and reap gigantic profits. How many dead people would it take for the free market to kick-in?

The state of Michigan is to blame here, not the EPA. They made the choice to source water from the Flint River, which was cheaper. Testing? Who needs testing? Never mind that the auto industry had dumped pollutants directly into the river for 80 years or so.

It's always about the money for you tools.

the prevention of flint is why we are supposed to pay for an EPA, if they don't do that job then we don't need them.

 

[Sportello]

the prevention of flint is why we are supposed to pay for an EPA, if they don't do that job then we don't need them.

Was it the EPA or the State Of Michigan that didn't do it's job?


All evidence points to a huge failure/cover up by the State Of Michigan.

 

[teamer]

Was it the EPA or the State Of Michigan that didn't do it's job?


All evidence points to a huge failure/cover up by the State Of Michigan.

all as in all or all as in some? As I previously said this is why my tax dollars are funding the EPA . If they cant prevent something like this then I don't need them.

 

[Sportello]

all as in all or all as in some? As I previously said this is why my tax dollars are funding the EPA . If they cant prevent something like this then I don't need them.

So you believe that Federal oversight of State's rights are necessary?

 

[teamer]

So you believe that Federal oversight of State's rights are necessary?

I believe the EPA was created to prevent what happened in Flint Michigan

 

[Sportello]

I believe the EPA was created to prevent what happened in Flint Michigan

Do you even know what happened in Flint?


My guess is 'not really'.

 

[wkmac]

the prevention of flint is why we are supposed to pay for an EPA, if they don't do that job then we don't need them.

Was it the EPA or the State Of Michigan that didn't do it's job?


All evidence points to a huge failure/cover up by the State Of Michigan.

You might both be right to various degrees.

Wikipedia on the Flint Michigan Water Crisis

 

[teamer]

Do you even know what happened in Flint?


My guess is 'not really'.

sounds like you do a lot of guessing

 

[Sportello]

You might both be right to various degrees.

Wikipedia on the Flint Michigan Water Crisis

From your link, and the work done by mainly by the Michigan press, it would seem that the EPA warned very early on that basics were being ignored.

sounds like you do a lot of guessing

One can only conjecture on what someone knows by the quality of their posts, or lack of quality, in some cases.

 

[wkmac]

From your link, and the work done by mainly by the Michigan press, it would seem that the EPA warned very early on that basics were being ignored.

Thus the use of the word might. The article also points out an EPA official did resign so there is that.

 

[Sportello]

Thus the use of the word might. The article also points out an EPA official did resign so there is that.

Keep reading. Why did Susan Hedman resign? I believe that is the EPA official you are referring to.

 

[wkmac]

Remember, I still trust no one!