After years of bribery in school construction

Cost pressures facing school districts are very real

As we know by now, school districts in California have been on a bribery spree between developers and school boards.  The result was a massive expansion of school capacity with level of declining enrollment. Then, added to the problem, pension obligations have gotten worse, not better.  Now, as all the school districts go on a borrowing spree to cover the obligation, as well as the Swamp going on a borrowing spree, rates are up and the recession is on us.

And this:

• California Legislators Attempt to Raise Fines or Tack on New Fees to Traffic Tickets to Deal with Mushrooming Pension Costs (Dan Whitcomb / Reuters)

Blame California for the  recression.