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The Feds, under the radical and corrupt Chicago political machine, made promises of money for government schools.
Happily, it was a total fraud--the money is not being spent--maybe because, in this case, North Carolina has been lost to the Democrats and they don't want to waste tax dollars on Republicans or honest folks.
"But the bond program has become entangled in financial and bureaucratic red tape. Only $2.3 billion of the $11 billion in bonds available this year has been sold as of last week, data compiled by Bloomberg show.
States are missing a once-in-a-lifetime opportunity, said Judy Marks of the National Clearinghouse for Educational Facilities.
In North Carolina, one of the 69 districts chosen by the state to benefit from the program has found a buyer for its bonds. The idea is to stimulate the economy, Matthews said. Then it comes to a screeching halt because our people cant find lenders.
Why would lenders loan money, with no interest? That hurts the lenders. Oh, the Feds are to give "tax credits", but the banks are losing money so the credits are worthless.
Typical of government, good for press releases, but the programs don't work--and they were designed not to work.
Maybe we need to create a free market, so the government owned or controlled banks (most are one or the other) can make the needed loans, without the hindrance of government.
More...
Happily, it was a total fraud--the money is not being spent--maybe because, in this case, North Carolina has been lost to the Democrats and they don't want to waste tax dollars on Republicans or honest folks.
"But the bond program has become entangled in financial and bureaucratic red tape. Only $2.3 billion of the $11 billion in bonds available this year has been sold as of last week, data compiled by Bloomberg show.
States are missing a once-in-a-lifetime opportunity, said Judy Marks of the National Clearinghouse for Educational Facilities.
In North Carolina, one of the 69 districts chosen by the state to benefit from the program has found a buyer for its bonds. The idea is to stimulate the economy, Matthews said. Then it comes to a screeching halt because our people cant find lenders.
Why would lenders loan money, with no interest? That hurts the lenders. Oh, the Feds are to give "tax credits", but the banks are losing money so the credits are worthless.
Typical of government, good for press releases, but the programs don't work--and they were designed not to work.
Maybe we need to create a free market, so the government owned or controlled banks (most are one or the other) can make the needed loans, without the hindrance of government.
More...