"Although the Chicago Board of Education recently adopted a budget with a $500 million hole in it, that risky gambit pales by comparison with the shenanigans of board members during the Great Depression.
"For many months, the board simply didn't pay its teachers and other employees. Then the board tried to pay them with script, which wasn't much of an improvement as the paper IOUs had limited value. Admittedly, the board was facing the worst economic crash in the nation's history (brought on by the greedy rich and greedy rich want-to-bes) and didn't have a lot of good choices.
"At one point, board members even considered asking the state legislature to repeal laws against check kiting so they could pay teachers with bad checks from empty coffers."
Hard Times. --DaCoot
No comments:
Post a Comment