LA unveils $578M school, costliest in the nation

I am sooooooo glad to see tax payers money being spent wisely.

"New buildings are nice, but when they're run by the same people who've given us a 50 percent dropout rate, they're a big waste of taxpayer money," said Ben Austin, executive director of Parent Revolution who sits on the California Board of Education. "Parents aren't fooled."

Oh shoots........

The pricey schools have come during a sensitive period for the nation’s second-largest school system: Nearly 3,000 teachers have been laid off over the past two years, the academic year and programs have been slashed. The district also faces a $640 million shortfall and some schools persistently rank among the nation’s lowest performing.

 There's no need to fear...........the US government is here to rescue those silly gooses.

Earlier this month, Secretary of Education Arne Duncan heaped praise on Congress for including $10 billion for “EduJobs” in a state-aid package that it had enacted. The move to subsidize teacher salaries and avoid layoffs was so admirable, Duncan told the press, because Congress’s “historic vote means school officials won’t need to make those tough calls.” Indeed, Duncan termed mailing 10 billion borrowed bucks to the states “a real, real act of courage.”

IOU Part Two: California To Issue IOUs For Second Year In A Row

The insolvent state of California which, just like the country of the USA, is operating without a budget (and who needs a budget when the Fed-PD complex will buy the bulk of anything and everything needed to fund ongoing daily operations), has once again ended up on the verge of bankruptcy. As a result, it has just passed a measure which for the second time in as many years (going all the way back to the Great Depression), will allow it to use IOUs in lieu of payment on everything from supplies to contracted services and health-care costs, so it can actually preserve cash to make payments to its generous debtors. On the road to banker serfdom, California has once again reached its goal.