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Old 12-11-2012, 03:04 AM
 
1,637 posts, read 1,884,093 times
Reputation: 1240

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More liberalism at its finest. Bunch of money grabbing, charitable with others only money, short sighted, money grows on trees fiscal degenerates.





California School District Owes $1 Billion On $100 Million Loan : NPR
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Old 12-11-2012, 08:00 AM
 
29,407 posts, read 22,037,364 times
Reputation: 5455
So they've taken out 3 billion and will have to pay back 16 billion? Nothing is shocking anymore from these inept money grubbing fools. I hope they teach the children in these new school how to manage money at least. Well actually they won't have any because they will be taxed to starvation to pay all this nonsense back for their grade school edumacations.
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Old 12-11-2012, 08:10 AM
 
Location: Palo Alto
12,149 posts, read 8,431,154 times
Reputation: 4190
I'd fire them all. Criminal. Unfit for duty.

But out here where everything is "for the children" it's just another day at "work" for them.
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Old 12-11-2012, 08:13 AM
 
Location: Great State of Texas
86,052 posts, read 84,595,619 times
Reputation: 27720
These people do not know how to make sound financial decisions.

Take out a loan of $2.5 million to get a $25 million dollar loan.
Now you owe $34 million for that as well as the $25 million you borrowed.
So what you thought was $27.5 million owed turned into $59 million owed.

No wonder we're circling the drain.
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Old 12-11-2012, 08:14 AM
 
25,619 posts, read 36,755,002 times
Reputation: 23297
New *******ian Math.

Choice of the Obummer Generation.
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Old 12-11-2012, 08:17 AM
 
Location: Palo Alto
12,149 posts, read 8,431,154 times
Reputation: 4190
Quote:
Originally Posted by HappyTexan View Post
These people do not know how to make sound financial decisions.

Take out a loan of $2.5 million to get a $25 million dollar loan.
Now you owe $34 million for that as well as the $25 million you borrowed.
So what you thought was $27.5 million owed turned into $59 million owed.

No wonder we're circling the drain.
And yet these liberals are intellectually superior.

At least in Palo Alto we made a choice to pay more now in property taxes and avoid the CAB racket.
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Old 12-11-2012, 08:21 AM
 
Location: Londonderry, NH
41,479 posts, read 59,855,481 times
Reputation: 24863
Default How about the lenders?

The people that leant the money must be really pleased. Talk about something for nothing. I suggest the school systems bankrupt out from under this scam and tell the lenders (AKA - loan sharks) thanks for the lesson. We will not do this again.
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Old 12-11-2012, 08:49 AM
 
14,917 posts, read 13,118,704 times
Reputation: 4828
Quote:
Originally Posted by smittyjohnny38 View Post
More liberalism at its finest. Bunch of money grabbing, charitable with others only money, short sighted, money grows on trees fiscal degenerates.





California School District Owes $1 Billion On $100 Million Loan : NPR
Liberal? Poway is a conservative Republican community.
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Old 12-11-2012, 09:15 AM
 
Location: The Republic of Texas
78,863 posts, read 46,715,233 times
Reputation: 18521
Quote:
Originally Posted by smittyjohnny38 View Post
More liberalism at its finest. Bunch of money grabbing, charitable with others only money, short sighted, money grows on trees fiscal degenerates.





California School District Owes $1 Billion On $100 Million Loan : NPR


How does a school district make a profit to pay that off?

These are the kind of things that make no sense, what so ever.
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Old 12-11-2012, 09:23 AM
 
Location: The Republic of Texas
78,863 posts, read 46,715,233 times
Reputation: 18521
Quote:
Originally Posted by hammertime33 View Post
Liberal? Poway is a conservative Republican community.


What does that tell you?

This is a problem with all Progressive policies, and that you can no longer play parties. They are one in the same, with different players.

We The People, are getting beat.
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