Wednesday, September 8, 2010

The Greatest Country in the World!

Children are the future or something:
FORTUNE -- Alabama schools have been having a rough time of it, and it only looks like it's going to get rougher. The Cotton State recently came in last place in the federal Department of Education's Race to the Top grant competition. And a steadfast global recession combined with the Gulf Coast oil spill this summer have put a severe strain on the state's tax receipts, the primary source of revenue for Alabama's education system, forcing several school systems to take out private loans just to make it through the year.

Five school districts have already borrowed against lines of credit they have with local banks to fund basic school operations, and 25 additional districts are planning to follow suit in the next few months, accounting for over 20% of the state's school system, according to the Alabama Association of School Boards.

7 comments:

ifthethunderdontgetya™³²®© said...

This just proves the need to cut spending.

/D.C. Village People
~

fish said...

Southern children are the future SOLDIERS!!

zombie rotten mcdonald said...

If they weren't such lazy little sponges, they would have been born to rich parents.

Brando said...

No Child Left Undeployed.

mikey said...

Nah, this seems perfectly reasonable to me. When I was in high school, I only borrowed the knowledge on offer. I have since given it all back, with interest, that it might be loaned to some other student who could use it for a while and slowly, incrementally return it later.

As this is the basis for the educational model, I can think of no good reason why it should not also be the model for educational finance...

Another Kiwi said...

It is preparing children for a life of economic drudgery owing their soul to the company store etc. One might expect a bit of gratitude but not from Spendy Liberals (S.McGravitas 2009)

Substance McGravitas said...

Did Rowland Howard ever do 16 Tons?