Chicago Schools Mess
The State of Illinois' finances aren't the only bad, bad, bad money situation in the Land of Lincoln.
Heard about Chicago Public Schools?
"We cannot cut our way to a balanced budget," said Chicago schools chief Forrest Claypool in a call with reporters. "Unfortunately, if Springfield fails to do its part, we will be forced to close a $500 million gap later this year with a mixture of more unsustainable borrowing and even deeper cuts."
There's more. Much more. Read:
How sad we've mismanaged things for so long that today's kids are paying for it.
We are stupid.
Out for now.......
Matt
