You know you’re fiscally irresponsible when the interest you pay on a loan is more than the loan.

I saw this one also on the NZ Conservative Coalition blog about another one of Chicago’s fiscal blunders. I’m honestly just waiting for the city to go bankrupt. Maybe then the municipal government will learn to curb their spending (probably not, but here’s to hoping). Enjoy!

Insanity: Chicago public schools pay $850M in interest on $500M loan — Fellowship of the Minds

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s