Former LA Mayor: Los Angeles may declare bankruptcy in a few years

Very interesting video of former LA Mayor. LA financial situation is totally unsustainable.

Watch the video.


Study: Public school funding is out of control, now costs more than private schools!

Probably the largest single cost of local and sate government is in K-12 government education (public schools). It eats up around one third of all of their revenues.

To make matters worse, governments routinely fudge their education figures. This study found that costs are actually 44% higher than reported.

And the outrageous costs don’t stop there. When you take a cold hard look, the study found that public schools cost more than private schools!

Some example per pupil costs in the study:

NYC $26,900

Wash DC $22,400

Los Angeles $19,000

Chicago $15,875

HoustonĀ  $12,200

Phoenix $11,800

click to read study