Lingering debt of $1 billion and beyond tends to be associated with federal, state or municipal governments. Taxpayers should not be surprised, however, when a school district incurs a debt of more than $1 billion. In 2008, voters in the Poway Unified School District (PUSD) in San Diego County approved $179 million in bonds…
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The story we’re about to share is completely true. It was just published by Bloomberg and describes how the Obama administration is working to relieve the crushing burden of student loan debt by making taxpayers pick up the tab for the wasted education of a 29-year old Chicago woman who graduated with a doctorate…
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The clock ticking toward Puerto Rico’s default on its debt has finally struck. CNN reports that the U.S. territory just went into default for the first time in its history: The commonwealth paid a mere $628,000 toward a $58 million debt bill due Monday to creditors of its Public Finance Corporation. This will hurt…
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