I’ve been inundated with reports of school districts spending state and federal Covid relief money on substantial one-time bonuses to teachers and administrators instead of spending them on getting kids back in classrooms or to curb learning loss.
This thread will document them.
— Reopen California Schools (@ReopenCASchools) March 14, 2021
Madison, too has received substantial federal taxpayer (and borrowed) funds.
Philip Grant (almost daily Grants)
Indeed, a pair of abiding relics of Uncle Sam’s rescue effort: Federal debt held by the public stands at $21.8 trillion, up 24.5% from a year ago. Similarly, Gregory Blaha of Bianco Research notes today that Fed owns 21% of the Treasurys market, up from 13% a year ago.