St. Paul, Minn. — A Minnesota Public Radio News analysis finds that more than a third of the school districts in the state have been forced to borrow to pay their bills.
In normal years, some school districts borrow money because of low cash flow but education experts say many more districts are borrowing this year because of Gov. Tim Pawlenty’s budget action.
Schools will be borrowing nearly $300 million, and the cost of the interest will be at least $2.75 million. One has to wonder, will the state be paying the schools back for the interest?
MPR has a full breakdown of the borrowing by district here.
Now in the interest of fairness, the DFL was planning on a shift like this as well. And in the interest of fairness, it was a dumb idea for them, too.
Thank you for mentioning that every Democrat in the Minnesota House voted to do the exact same thing.
Criticize a republican for $2.75 million in interest, meanwhile the democrat president you so full-throatedly support is ringing up a national deficit of between $1.4 and 1.8 trillion…whats the interest on that cost?? Interest on the total debt could be $700 billion by 2019. http://www.nytimes.com/2009/11/23/business/23rate...
Please forgive me if I don't think you sincerely worry about the cost of debt interest.
Danny,
These wars cost about $200 billion a year, yet folks like you not only want our kids to pay for them, but you want tax cuts so you can sacrifice even less in a time of war.
Please forgive me if I don't think you sincerely care about deficit spending.
Oh wait, you only care about deficits when there is a Democratic president, right?
(Also notice I used the adjective "democratic" and not the noun "democrat". Please learn the English language Danny. It is so unbecoming.)
Kind of like how Jeff only cares about deficits when its a Republican governor? I'm not defending the wars, I think both sides are guilty of criticizing deficit spending when it serves their purpose. That was my point. Sorry if my English wasn't up to snuff, I left my stylebook at work. At least it gives you a rebuttal…kind of.
Can you cite Jeff lauding (or criticizing) deficits by a democratic governor? If not, STFU.
If I had a dime for every time a right-winger denies supporting the wars….
The difference, I think, between Liberals and Conservatives, is that liberals are actually willing to make the tough choices to become fiscally responsible. By fiscally responsible I mean making revenue equal spending, and only going into to debt for future investments like infrastructure and investing in human capital. Yes, liberals utter the the dreaded "t" word, but you cannot cut your way to a balanced budget. There is just no way. You can tighten the gap with cuts, but not completely.
Your viewpoint is typical… "By fiscally responsible I mean making revenue equal spending"
How about making spending equal revenue?? Or is that completely out of the question?
equalities are reciprocal, dumb-ass.
Say it either way Danny, but Democrats are the only ones willing to make spending equal revenue or revenue equal spending. You can't cut your way entirely to a surplus. No tax cut in history has ever paid for itself in the long run.
"fiscally responsible" and "liberals" is an oxymoron.
Who was the last president to sign a surplus budget? Hint: Clenis.
The Democratic party is the only party to demonstrate a desire ofr fiscal responsibility over the last 30+ years. Tax cuts for the wealthy are not fiscally responsible CMan. Cutting taxes during wartime is not fiscally responsible. Spending billions on war contractors with no oversight is not fiscally responsible.
I should read the whole post. Sorry, DtM.
No prob.
While I'll give Obama a chance to correct course, I should also point out that this new deficit is one thing he didn't "inherit". It is 100% his budget.
resort to name calling, again…so typical
Repeat. "fiscally responsible" and "liberals" is an oxymoron.
False
Despite what so many conservatives- apparently including you- think, repetition doesn't make something true.
"Rational" and "Conservative" is an oxymoron.
Close, but: No Cigar! You see, repeating stuff that isn't true makes it true to those in the GreedOverPrinciples party.
Clinton did balance a budget and he should be commended for it. Good for Clinton.
When it comes to deficit spending, however, Obama is no Clinton.
Perhaps he will still correct course. I'm going to give him a chance to — he is less than a year into his term.
So it's fair to compare the record of a 2-term president who's been out of office for nearly 10 years, with a new president still in his first year? C'mon, DtM.