Wednesday, December 3, 2008

Bailout Breadline Watch: Olmstead Falls School District, Ohio

WTTE 28 TV in Heath, Ohio:

The Olmstead Falls School District from suburban Cleveland has asked the Treasury Department for a 100 million dollar bailout this week. The school district superintendent, Todd Hoadley, believes that if automakers and cities can ask for money, school districts should not be left out. He also states that he feels he has a "moral obligation" too the tax payers to get special funding for their schools.

The school also projects a deficit of 2.6 million dollars at the end of the 2009-2010 school year.

Not quite worthy of any kind of bailout in my opinion. Why would we give more tax payer money on top of tax payer money to a school district that is failing with no recovery in sight?? I find this bailout mania to be quite amazing!

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