Tuesday, December 11, 2012
"School District Owes $1 Billion On $100 Million Loan"
Hopefully, the decision makers here aren't teaching economics to our children?...
Richard Gonzales reports on this at NorthCountryPublicRadio.org:
"The Poway Unified School District in California is facing a whopping $1 billion repayment on a loan of just $105 million. It borrowed the money using bonds that the state treasurer has compared to payday loans -- and more than 200 other California districts are in the same boat."
