Schools running out of money
Yesterday I blogged how I disagreed with Mish about the impact of the debt crisis on Education.....today it seems the WSJ has caught up with me.......
Needy Schools Turn to Parents For Funding
PTAs Are Helping to Cover Cost of Books, Other Supplies; Paying to Keep a Teacher Aide
Public schools across the country, hurt by state- and local-government cutbacks, are tapping an alternative source of cash: Mom and Dad.
Parent groups and local nonprofit organizations have long raised money for activities like class trips, school dances and after-school clubs. But many parents say they now are shelling out for core curricular items that were once publicly funded -- from classroom supplies to teachers' salaries.
Soon it will be not only schools asking Mom and Dad for more money.....it will be States, Counties, Cities.....you name it....if it needs money.....it shouldn't be surprising if it is running low.
As more and more need money, and more and more Moms and Dads run out of money, we are going to reach a crossroads, there will be too little money left to do much of anything......and if you try to inflate your way out of it without productivity improvements, even those currently rich will not beable to buy a loaf of bread.......
Now you are learning about the consequences of Alstrynomics. Hyperinflation makes everyone poor, Deflation makes only most of the people poor.
And if you think we have it tough here....wait until you see how this impacts Asia.....Africa......Australia.......Amersterdam.......Argentina........and that is just some of the A's......
Get ready...30% umeployment and massive bankruptcies are not too far off.....if you understand this, than you should be prepared to make some excellent investments.