This column by John
Mauldin is self-explanatory so I’m posting it without any comments. It
might be a good idea to forward this article to your elected
representatives, including your school district trustees.
CLICK HERE TO READ THE FORBES ARTICLE
This excerpt is worth highlighting:
is happening nationwide but California takes the lead, thanks to its
massive pension debt. This is from a recent Brookings Institution note.
and health-benefit costs are bending education finances in California
to their will. The sheer magnitude of the rising costs is staggering.
numbers of school board officials who participated in our survey
indicate that the rising costs are meaningfully affecting educational
services. For example, many report making cost-saving changes to
district budgets that include deferred maintenance, larger class sizes,
and fewer enrichment opportunities for students in response to rising
pension and health benefit costs."