The severity of this debt collapse around in the USA, coupled with the impotence of the US government, the emperor has no clothes, their inability to mount a rescue of the US economy – because Fed Funds interest rates have been at 0% since December 2008, and cannot be lowered, and because the US Treasury already printed $4.5 trillion out of thin air (QE1, QE2 & QE3); more money printing on that scale will lead to hyper-inflation which will cause the US dollar to become worthless – will accelerate the economic collapse of the USA and worse. An example of worse is an increased likelihood of states such as Texas seceding from the Union.
Vast cultural differences between US regions – like the Rockies, Midwest, Northeast, Southeast and West Coast – will be exacerbated during the USA’s economic collapse 2016-2021, which will increase the likelihood of states or even entire regions seceding from the overly-indebted economically collapsing USA. State defiance of national laws (e.g. marijuana laws) coupled with the far right movement (e.g. Tea Party, Libertarian Party) has set the stage for secession fever to catch fire against the capitol district, Washington DC.
Happily, the USA enjoys the ability to print money, at least until others no longer accept the great game. History is always useful.
Alexander Holt on deregulating higher education. Timely.
New Jersey Education Aid:
The following fifty districts have the lowest Local Tax Levies relative to their Local Fair Share.
As you can see, most of these districts are at the Shore. Thirty of the fifty are in Cape May, Atlantic, Ocean, or Monmouth Counties. These districts have very few students and large property valuations, hence no need to tax their residents very highly.
It isn’t something that gets a lot of attention, but Jersey Shore microdistricts districts are among the worst aid hoarders in New Jersey. In some cases they get tens of thousands of dollars per student when they need virtually nothing. Allenhurst, for instance, has four students and yet gets $47,475 in state aid! Allenhurst’s school tax rate is 0.0060! Cape May Point also has four students and yet gets $26,803. Cape May Point’s school tax rate is 0.0082.
Among the biggest spenders on lobbying are the National Education Association and American Federation of Teachers, the two teachers’ unions.
The NEA spent $1.2 million during the first six months of 2015, second only among public employee unions to the $1.3 million lobbying bill paid by the American Federation of State, County and Municipal Employees, according to the Center for Responsive Politics, a Washington-based research group. AFT ranked fourth with $668,068.
Related: WEAC: $1,570,000 for four senators.
CARY FUNK AND SARA KEHAULANI GOO:
A new Pew Research Center survey finds that most Americans can answer basic questions about several scientific terms and concepts, such as the layers of the Earth and the elements needed to make nuclear energy. But other science-related terms and applications, such as what property of a sound wave determines loudness and the effect of higher altitudes on cooking time, are not as well understood.
Related: Madison’s long term, disastrous reading results.
Chester Finn & Brandon Wright:
Why pay special attention to high-ability girls and boys? Won’t they do fine anyway? Shouldn’t we concentrate on kids with problems? Low achievers? Poor kids?
Good questions all, particularly when American education leaders (and their counterparts in most other advanced countries) are preoccupied with equalizing opportunity, closing gaps, and giving a boost to those most challenged—and when resources are chronically scarce. Yet such questions have two compelling answers.