Example 2,691,907 of Why These People Should Not Be Trusted

These people should not be trusted with our money, our liberties, or our children.

Note that this story is from that right-leaning site, NPR. </sarcasm>

California School District Owes $1 Billion On $100 Million Loan : NPR: More than 200 school districts across California are taking a second look at the high price of the debt they’ve taken on using risky financial arrangements. Collectively, the districts have borrowed billions in loans that defer payments for years — leaving many districts owing far more than they borrowed. In 2010, officials at the West Contra Costa School District, just east of San Francisco, were in a bind. The district needed $2.5 million to help secure a federally subsidized $25 million loan to build a badly needed elementary school.

Related links:
$822,000 Worker Shows California Leads U.S. Pay Giveaway – Bloomberg