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Welcome To The Oligarch Recovery: Majority Of Public School Students Are In Poverty For First Time In 50 Years

Tyler Durden's picture




 

Submitted by Mike krieger via Liberty Blitzkrieg blog,

“When they first come in my door in the morning, the first thing I do is an inventory of immediate needs: Did you eat? Are you clean? A big part of my job is making them feel safe,” said Sonya Romero-Smith, a veteran teacher at Lew Wallace Elementary School in Albuquerque. Fourteen of her 18 kindergartners are eligible for free lunches.

 

She helps them clean up with bathroom wipes and toothbrushes, and she stocks a drawer with clean socks, underwear, pants and shoes.

 

From the Washington Post article: Majority of U.S. Public School Students are in Poverty

It’s a recovery so lopsided only Timothy Geithner or an oligarch could love it. Since 2008, U.S. economic policy has concentrated on funneling as much money as possible to billionaires, keeping the poor alive and submissive through government programs, and squeezing the middle class to death while at the same time holding out the carrot of hope that things will return to how they were before (they won’t).

The latest evidence of this monumental cultural theft was highlighted yesterday in the Washington Post. Here are a few excerpts:

For the first time in at least 50 years, a majority of U.S. public school students come from low-income families, according to a new analysis of 2013 federal data, a statistic that has profound implications for the nation.

 

The Southern Education Foundation reports that 51 percent of students in pre-kindergarten through 12th grade in the 2012-2013 school year were eligible for the federal program that provides free and reduced-price lunches. The lunch program is a rough proxy for poverty, but the explosion in the number of needy children in the nation’s public classrooms is a recent phenomenon that has been gaining attention among educators, public officials and researchers.

A “recent phenomenon.” Call me crazy, but that isn’t what you’d expect five years into a so-called economic recovery.

“We’ve all known this was the trend, that we would get to a majority, but it’s here sooner rather than later,” said Michael A. Rebell of the Campaign for Educational Equity at Teachers College at Columbia University, noting that the poverty rate has been increasing even as the economy has improved. “A lot of people at the top are doing much better, but the people at the bottom are not doing better at all. Those are the people who have the most children and send their children to public school.”

Again, this isn’t a economic recovery, it is theft. Until we can admit to ourselves what the idiots and thieves in power have done, nothing will change.

“When they first come in my door in the morning, the first thing I do is an inventory of immediate needs: Did you eat? Are you clean? A big part of my job is making them feel safe,” said Sonya Romero-Smith, a veteran teacher at Lew Wallace Elementary School in Albuquerque. Fourteen of her 18 kindergartners are eligible for free lunches.

 

She helps them clean up with bathroom wipes and toothbrushes, and she stocks a drawer with clean socks, underwear, pants and shoes.

America: Land of the Thief, Home of the Slave.

For more articles on the Oligarch Recovery see:

Welcome to the Recovery – McKinsey Survey Shows 40% of Americans Living Paycheck to Paycheck, Up From 31% in 2012

Welcome to the Recovery Part 2 – Washington D.C.’s Homeless Population Expected to Rise 16% in 2014

Welcome to the Recovery – U.S. Child Homelessness Hits Record as Poverty in Mass. is Highest Since 1960

An Open Letter to Sam Zell: Why Your Statements are Delusional and Dangerous

The Stock Market: Food Stamps for the 1%

 

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Sun, 01/18/2015 - 21:46 | 5678187 TeethVillage88s
TeethVillage88s's picture

Really HUD & TANF are flat just need to see the Tax Give-away, SNAP, WIC, MEDICAID. These are the big Welfare growths, but not social security, not MEDICARE, and not Pension Problems, and total Federal Budget Spending Problems related to ... flat wages, lack of demand for skilled & unskilled labor.

- Oh, Obama wants to increase tax credits, he has never seen my work apparently

IRS, Payment where earned income credit exceeds liability for tax 2014 = $60.09 Billion
IRS, Payment where earned income credit exceeds liability for tax 2013 = $57.5 Billion
IRS, Payment where earned income credit exceeds liability for tax 2000 = $26 Billion
IRS, Payment where earned income credit exceeds liability for tax 1998 = $23.2 Billion

IRS, Payment Where Child Tax Credit Exceeds Liability for Tax 2014 = $21,49 Billion
IRS, Payment Where Child Tax Credit Exceeds Liability for Tax 2013 = $21.6 Billion
IRS, Payment Where Child Tax Credit Exceeds Liability for Tax 2000 = $806 Million (Million)
IRS, Payment Where Child Tax Credit Exceeds Liability for Tax 1998 = Zero.....

2014 Federal Outlays for SNAP, Child Nutrition, & WIC = $102 Billion
2013 Federal Outlays for SNAP, Child Nutrition, & WIC = $109 Billion
2008 Federal Outlays for SNAP, Child Nutrition, & WIC = $60 Billion
2004 Federal Outlays for SNAP, Child Nutrition, & WIC = $45 Billion
2000 Federal Outlays for SNAP, Child Nutrition, & WIC = $32 Billion
1998 Federal Outlays for SNAP, Child Nutrition, & WIC = $33 Billion

Department of Health and Human Services (MEDICAID):
2014 Outlays Federal Grants to States for Medicaid = $301 Billion
2013 Outlays Federal Grants to States for Medicaid = $256 Billion
2008 Outlays Federal Grants to States for Medicaid = $201 Billion
2004 Outlays Federal Grants to States for Medicaid = $176 Billion
2000 Outlays Federal Grants to States for Medicaid = $118 Billion
1998 Outlays Federal Grants to States for Medicaid = $101 Billion

Sun, 01/18/2015 - 14:09 | 5676802 Jack Burton
Jack Burton's picture

This makes perfect sense, all the people I know who make a decent middle class income are seeking Private Schools for their children. My first grandson will soon start school, the only debate in their home is which private school is close enough and can be afforded. Right now they pay $1,000 a month for a private preschool. The good point of the preschool is the cost prescreens the families the kids come from. In short, most kids have white middle class and professional familes. The same will hold true for the private grad school my daughter chooses. Any caring parent will seek to keep their kids out of the jungle that public schools have become in many places. Look at who is having the most kids, look at their life styles and employment, you really want your child influenced by them every school day?

The poor will be in public schools, all othes in private. The trend will grow as public schools sink into day care for disfunctional children of welfare, drug and lazy familes.

Sun, 01/18/2015 - 14:49 | 5676941 Bangalore Torpedo
Bangalore Torpedo's picture

We sucked it up and home schooled until, Jr. was 12.  He's now in his first year at one of the local private Christian schools.  Somehow the wife got her parents to pay for it!  We could afford it, but she figured that since they were so heavily invested in the stawk market that she better get what she can as soon as she can get it ;-)

Sun, 01/18/2015 - 15:10 | 5677001 logically possible
logically possible's picture

Thanks Jack, for saying that out loud.

Sun, 01/18/2015 - 15:55 | 5677132 disgruntled hou...
disgruntled housewife's picture

Jack Burton- So the problem is the children then. They should be held accountable for being born to the parents they landed with. White people are so funny. Do you not get it? The middle class is not being assaulted by the poor. It is so much easier to look down your noses at the brown people isn't it. It is so much easier to point out their faults then to do anything to the class of people who have created the mess. What a bunch of cowards. Rather then band with the group who you have more in common with you would rather attack them. Face it- you have about as much value to the upper classes as the poor. What's left of the middle class will be gone in 20 years tops all because you haven't the guts to tell those at the top to stop. Makes all you racists here at Zero Hedge feel good about yourself huh. Trashing the poor because you haven't the guts to stand up to the rich.

Sun, 01/18/2015 - 16:32 | 5677209 SmackDaddy
SmackDaddy's picture

"White people are so funny"  you are white you dumb bitch

Sun, 01/18/2015 - 23:14 | 5678486 disgruntled hou...
disgruntled housewife's picture

Yeah SmackDaddy I am white- so what of it? I am not allowed to make an observation. I would disagree about the dumb and bitch part.

Anyhow why would such a statement get you so worked up? Can't take the generalization? I mean compared to the generalizations being dished out here about the poor the comment is the least inflammatory.

I guess some people can dish it out but can't take it. I promise SmackDaddy never to make generalizations again about white people if you can do the same when it comes to the poor.

Sun, 01/18/2015 - 17:45 | 5677388 FredFlintstone
FredFlintstone's picture

Hey troll, Jack did not mention race at all. I sent my 4 to private schools because of just what Jack way saying. We were in a nearly all white "suburban paradise" and pulled them out when the oldest finished 5th grade. My youngest child's best friend and classmate growing up was a wonderful person who happened to have parents from Nigeria. The public schools are a jungle of unsupervised savages raised in day care and then plopped in front of video games. Lord of the Flies.

Sun, 01/18/2015 - 21:30 | 5678155 Accounting101
Accounting101's picture

You are absolutely correct, except for the racist charge. It's not racism but instead economic illiteracy. Many here at ZH fancy themselves capitalists and producers who are economic savants. Tribal politics runs deep as well, but their dicks get real hard with charges of socialism,communism and/or Marxism.

Trillions and trillions of private debt dumped on taxpayers but they will complain about the communist plot of free and reduced lunches for kids.

Sun, 01/18/2015 - 16:47 | 5677245 RaceToTheBottom
RaceToTheBottom's picture

My sister left the US to have her kid attend school in Europe.

Just avoid the whole issue.  Plus since most of the growth in the world will be outside the US, the kid gets an early start.

Sun, 01/18/2015 - 18:33 | 5677503 Prober
Prober's picture

True story:

One  of my business partners got married, after several years they had their precious highly-cared-for child, and after a few years started preparing for sending their progeny to school. They debated private vs public. They are Europeans, had no experience in the USA public schools, but preferred the "better" socialization that they speculated publc schools would provide over small private schools, which they could easily afford. I STRONGLY advised against them sending their child to public school.

They thoroughly researched the available public schools within driving distance of our business, found one district that was highly rated and they liked after their meetings with the staff. So they bought a lot in that district and had a very expensive custom dream-home built there, close to their very-carefully chosen public schools.

They were unaware that the highly-democrat county was simultaneously working on a plan to build a HUGE low-income housing project in the upscale district, and so their precious child started in their so-carefully-chosen public school in vastly overloaded classes with kids who could not even speak, read or write English, had huge educational deficits, and huge behavior problems - AND the crime rate in the district shot way up. Some of the best teachers that they based their decision on had moved to other schools.

They immediately pulled their kid out of the grossly deteriorated public school and sent the kid to the best private school, which was now a 2hr drive away from their too-expensive-to-sell dream home. Since then, the once highly-rated public school system has deteriorated into the typical crappy American juvenile delinquent day-care system.

Sun, 01/18/2015 - 20:55 | 5678010 TeethVillage88s
TeethVillage88s's picture

just pulling some numbers

- Below isn't even the Tax Assistance, WIC, TANF, SNAP, or MEDICAID

Department of Health and Human Services:
Administration for Children and Families:

2014 Total Outlays - Payments to States for Child Support Enforcement and Family Support Programs = $4.11 Billion
2014 Total Outlays - Refugee and Entrant Assistance = $1.28 Billion
2014 Total Outlays - Child Care Entitlement to States = $2.8 Billion
2014 Total Outlays - Payments to States for the Child Care
and Development Block Grant = $2.2 Billion
2014 Total Outlays - Social Services Block Grant = $1.75 Billion
2014 Total Outlays - Children and Families Services Programs = $9.4 Billion

----

Department of Education:

2014 Total Outlays - Office of English Language Acquisition = $736 Million

Sun, 01/18/2015 - 14:12 | 5676818 Seasmoke
Seasmoke's picture

It's easier to pull the middle class down than to pull lower class up.
Yet I still believe this is a generational war. The baby boomers pulled everything forward and left the bill for the gullible , naive youngsters.

Sun, 01/18/2015 - 14:12 | 5676819 ScottyB
ScottyB's picture

Not by coincidence, whites are a minority in US public schools for the first time ever.

http://www.cbsnews.com/news/white-students-to-no-longer-be-majority-in-u...

Welfare recipients can earn as much as $57,000 per year from bennies:

http://townhall.com/tipsheet/kevinglass/2014/02/06/welfare-cliff-truther...

You get more of what you reward, you get less of what you punish.

Sun, 01/18/2015 - 14:14 | 5676826 JR
JR's picture

If the corporate oligarchs would stop importing poverty (the tsunami of illegal Mexicans and the US Congress would stop issuing them amnesty), these poverty figures would not exist in America. As usual, the poverty reports are trumpeted by the welfare industry seeking to ever increase lunch programs, breakfast programs and now dinner programs to be paid for by the taxpayers.

And now teachers are being paid to bathe and clean up the kids. Poverty does not mean uncleanliness; it’s a cultural trait.

Look at this picture: the parents or in many cases the single parent are at home receiving welfare while the child can be taken care of, food and even underwear, at school. Saves on the grocery bill and leaves the EBT card free for other purposes. Right?

For the first time ever, U.S. public schools were projected last fall to have more minority students than white students enrolled, a shift largely fueled by growth in the number of Hispanic children. 

White students were still expected to be the largest racial group in the public schools this year at 49.8 percent. But the National Center for Education Statistics says minority students, when added together, will now make up the majority.

About one-quarter of the minority students are Hispanic, 15 percent are black and 5 percent are Asian and Pacific Islanders. Biracial students and Native Americans make up a smaller share of the minority student population.

The olibarchs have enlisted the help of the food corporations and other multinational corporations in pushing the burden of imported poverty onto Anmerica's middle class. The school lunch programs, the EBT cards, Medicaid,, HUD... all are a godsend for multinational corporate profits and for the socialists. The point of the disingenuous Washington Post article is to get people to think that this teacher needs more money and this school needs more expanded facilites and America needs more wealth redistribtuion.

The consequences of the 1965 U.S. Immigration Act are coming home to roost.

Sun, 01/18/2015 - 15:14 | 5676921 STP
STP's picture

dup post

Sun, 01/18/2015 - 14:46 | 5676934 Bangalore Torpedo
Bangalore Torpedo's picture

Here's the problem: the Oligarchs LOVE importing mexi-latinos.  Their core belief is that if they just increase consumption, all of society's ills will evaporate.

Sun, 01/18/2015 - 15:32 | 5677086 Haager
Haager's picture

Not to forget the extra pressure on loans, if you don't like to serve for the joke of a salary there's some Mexican that will do it with pleasure...

Sun, 01/18/2015 - 15:32 | 5677083 disgruntled hou...
disgruntled housewife's picture

JR-

Have you any evidence that uncleanliness is a cultural trait or is this just your opinion?

This is typical deflection of the situation. You can't comprehend complex financial schemes and trade deals and so instead of looking up at the true culprits of today's misery you look down. It is far easier to look down then to admit you allowed the upper crust to put one over on you. It is difficult to come to terms with the fact you are not as smart as you think you are and that the band of people who look like you would deceive you. It is easier to blame the brown people or any other group- heaven forbid you take responsibility for not watching the upper crust calling the shots. Your savior Regean is just as bad as Clinton- they all worked to set the scene and are to still working to get you to place blame on others- don't look behind the curtain. Political theatre is what you have been buying hook, line and sinker.

Do you want to know why so many have traveled from Mexico to find work here or are you satisfied with your opinion? NAFTA in a word. This treaty was to see subsidies removed from agriculture- corn specifically. Mexico removed theirs- the US reneged. This destroyed the farming industry in Mexico. What was the result? People have to eat. How about the drug wars? Who has made the cartels in Mexico so strong- the US by its ridiculous policies. What do people do when it is no longer safe to live in an area? They move.

So JR go ahead and keep your head in the sand if it gives you comfort. Hold onto that right/left paradigm and keep looking down since you haven't the will to look up the food chain. Some people just don't have the guts to challenge authority- it's easier to pick on those who are weaker, those who are just trying to make it in this world.

 

Sun, 01/18/2015 - 15:41 | 5677105 disgruntled hou...
disgruntled housewife's picture

OK JR- I didn't read your entire comment before I replied. Your opening with the uncleanliness comment set me off. This comment was unnecessary. I do not know how you could say something so inflammatory and so untrue. Give me one piece of evidence that reflects that uncleanliness is a cultural trait of any group. You have a handbook or something that I don't know about?

Sun, 01/18/2015 - 17:32 | 5677349 didthatreallyhappen
didthatreallyhappen's picture

the poor are generally unclean, regardless of country of origin

Sun, 01/18/2015 - 18:02 | 5677425 Accounting101
Accounting101's picture

If I may interrupt the cashing of your Social Security check, uncleanliness is cultural? You are assuming teachers only deal with black and Hispanic poverty. That is quite ignorant of you.

Sun, 01/18/2015 - 14:24 | 5676860 Turk February
Turk February's picture

"Again, this isn’t a economic recovery, it is theft."

Indeed, it is the theft of America from the historic American nation at the hands of ineducable, irredentist third worlders.

Importing low-IQ, low-skilled blacks and mestizos into a white country will increase inequality. It is a mathematical identity.

But people who are racially American don't deserve their own country, because equality.

Sun, 01/18/2015 - 14:25 | 5676869 gatorengineer
gatorengineer's picture

Not Fucking possible sorry... the social safety net is so large that a family of 4 would get 40-50k of year of bennies at 24k a year comming.... housing, food, and healthcare, along with an earned income tax credit.

Sun, 01/18/2015 - 14:28 | 5676881 Mac Avelli
Mac Avelli's picture

 I raised my kids in a very nice mountain town, and used the public schools. Even there, ESL and hispanics had a heavy influence, but since it was still a small community every one got along. I don't know what the next generation of my line will do, maybe not have kids??

Sun, 01/18/2015 - 14:42 | 5676926 Bangalore Torpedo
Bangalore Torpedo's picture

That's exactly what happens in this type of society.  Kipling saw this almost a 100 years ago in his "Gods of the Copybook Headings"

 

On the first Feminian Sandstones we were promised the Fuller Life
(Which started by loving our neighbour and ended by loving his wife)
Till our women had no more children and the men lost reason and faith,
And the Gods of the Copybook Headings said: "The Wages of Sin is Death."

Sun, 01/18/2015 - 14:42 | 5676914 Bangalore Torpedo
Bangalore Torpedo's picture

Get used to it fellow serfs.  You can't spend/consume your way to prosperity.  You can only PRODUCE your way to prosperity.  Perhaps if the following book were required reading for these public HS scholars, the US wouldn't be in the shape it is now:

 

http://mises.org/library/banking-and-business-cycle-0

 

 

Sun, 01/18/2015 - 17:55 | 5677412 Accounting101
Accounting101's picture

If I'm producing something, don't I need someone spending/consuming what I produce? Maybe you only read half that book.

Sun, 01/18/2015 - 15:06 | 5676992 freedom123
freedom123's picture
America Sucks Less

http://youtu.be/cwQAyskqG0g

Sun, 01/18/2015 - 15:18 | 5677032 Tachyonic
Tachyonic's picture

“A lot of people at the top are doing much better, but the people at the bottom are not doing better at all. Those are the people who have the most children and send their children to public school.” 

 

  Maybe these poorer people should stop having kids since the can't afford what they got.

Sun, 01/18/2015 - 22:07 | 5678288 harleyjohn45
harleyjohn45's picture

Mexicans will gladly fill the void.  They are prolific  breeders and any free school system would be an upgrade.

Sun, 01/18/2015 - 15:18 | 5677033 Tachyonic
Tachyonic's picture

“A lot of people at the top are doing much better, but the people at the bottom are not doing better at all. Those are the people who have the most children and send their children to public school.” 

 

  Maybe these poorer people should stop having kids since they can't afford what they got.

Sun, 01/18/2015 - 15:18 | 5677034 grunk
grunk's picture

Friday I was talking to a vice principal of an elementary school. 578 kids, about 130 over fire code. About 28 per classroom. He told me he's seeing more and more mental illness in the elementary school population.

Sun, 01/18/2015 - 17:32 | 5677342 didthatreallyhappen
didthatreallyhappen's picture

fire the vice principal to save money

Sun, 01/18/2015 - 17:51 | 5677404 Accounting101
Accounting101's picture

Idiot!

Sun, 01/18/2015 - 17:52 | 5677401 Accounting101
Accounting101's picture

More and more special need students and less and less resources to meet their needs. Throw them into a general education classroom and walk the other way.

Sun, 01/18/2015 - 20:21 | 5677875 TeethVillage88s
TeethVillage88s's picture

Table 5 of Monthly Treasury Report end of year (Fiscal year)

Looks like 80% increase since 2001.

- Department of Education:

2001 Total Outlays - Office of Elementary and Secondary Education:
Education for the disadvantaged = $8.647 Billion
2001 Total Outlays - Office of Special Education and Rehabilitative Services:
Special education = $5.8 Billion
2001 Total Outlays - Special institutions for persons with disabilities = $166 Million
-------------------------------------------------------
2006 Total Outlays - Office of Elementary and Secondary Education:
Education for the disadvantaged = $14.696 Billion
2006 Total Outlays - Office of Special Education and Rehabilitative Services:
Special education = $11.836 Billion
2006 Total Outlays - Special institutions for persons with disabilities = $182 Million
-------------------------------------------------------
2014 Total Outlays - Office of Elementary and Secondary Education:
Education for the disadvantaged = $15.775 Billion
2014 Total Outlays - Office of Special Education and Rehabilitative Services:
Special Education = $12.605 Billion
2014 Total Outlays - Rehabilitation Services and Disability Research = $3.253 Billion
2014 Total Outlays - Special Institutions for Persons with Disabilities = $212 Million

Sun, 01/18/2015 - 21:07 | 5678061 Accounting101
Accounting101's picture

Then why are these students in general education classrooms? If there is so much god damn money being spent on students with special and very significant needs, why are they in classrooms with 30 students and one teacher? How much of those fancy numbers that you cut and pasted are being diverted to private (parasitic) entities?

Sun, 01/18/2015 - 23:46 | 5678298 TeethVillage88s
TeethVillage88s's picture

Well you know the people in power pick the winners and the losers. Knowledge is power. If you know there are federal funding programs out there then you can check into them and find the County, City, State Budget and see how much money is coming into your community.

I agree the idea of Education Vouchers could really decimate schools if we are not careful in our communities. I looked up the Impact Program, it is a program to help school districts with a lot of Federal Lands (which tends to reduce Tax Revenues). Schools maybe closing due to lack of students too.

I pulled my County and City Budget recently.

Comprehensive Annual Financial Report is what it is called. Someone posted instruction on ZH recently.

When it comes to Government - the Squeaky Wheel gets the Oil. Probably your teachers have done a lot in regards to getting Federal Money.

Late Add:

Since you maybe drunk or have a hard dick, here is a link that seems to illuminate the base level of Investment in US Education:

http://www.zerohedge.com/news/2015-01-18/welcome-oligarch-recovery-major...

Sun, 01/18/2015 - 21:15 | 5678084 HamFistedIdiot
HamFistedIdiot's picture

That's what's happening. It's called inclusion. The SPED population is exploding, as well as English Learner. A lot of money is given to these special groups, often at the expense of the school's general budget, due to federal regulations. It's the kids at the top and in the middle who are suffering the most. It mirrors what's going on in society at large, where people on Welfare are doing better than the working poor. The genetic devolution will continue it's progression toward Idiocracy, using GMO, electromagnetic pollution, geoengineering (e.g., aerosol spraying of heavy metals), flouridation, Common Core, and corporate media as the wind filling its sails.

Sun, 01/18/2015 - 21:49 | 5678222 Accounting101
Accounting101's picture

Again, if there is so much fucking money given to these special groups of children, why are they in general education classrooms with 30 other students and one teacher? If there is all this money, why is it not getting to these very needy children? Try thinking about this very important issue for longer than two seconds.

Sun, 01/18/2015 - 22:23 | 5678335 Turk February
Turk February's picture

Dude, we get it. Your kid is a re-re and you're bitter the government schools don't recognize him for the special little snowflake he is. Not our problem.

Sun, 01/18/2015 - 22:46 | 5678405 Accounting101
Accounting101's picture

Well aren't you clever. I bet your dick got real hard as you hid behind that electronic wall and typed re-re. You are a fucking idiot.

Sun, 01/18/2015 - 23:27 | 5678343 TeethVillage88s
TeethVillage88s's picture

Do you have bank owned Properties, Home Mortgages in a Rears, ... Tax Revenue for Schools may be way down.

Banks seem like they wold not pay Property tax for the Owner or even when they hold a mortgage (or own the House).

Just another thing the .gov doesn't tell you or publish info about... probably doesn't collect the data either since it doesn't want the info spread around.

- Lots of Houses were put in delay status, not foreclosed after 2008-2009 years, but I haven't pulled the data on number of home mortgages in late status for a while

Delinquency Rate On Single-Family Residential Mortgages, Booked In Domestic Offices, All Commercial Banks
2014:Q3: 6.98 Percent
Quarterly, End of Period, Seasonally Adjusted, DRSFRMACBS, Updated: 2014-11-19

http://research.stlouisfed.org/fred2/series/DRSFRMACBS

Looks like Delinquency Rate should be 2% conservatively.

So 7% is a Huge Problem for Cities, Counties, States... for Education Funding.

Wow. Check the Trend. Really is not getting better.

This is worse:

Delinquency Rate On Single-Family Residential Mortgages, Booked In Domestic Offices, Top 100 Banks Ranked By Assets
2014:Q3: 7.93 Percent
Quarterly, End of Period, Seasonally Adjusted, DRSFRMT100S, Updated: 2014-11-19

http://research.stlouisfed.org/fred2/series/DRSFRMT100S

Sun, 01/18/2015 - 15:23 | 5677043 Ewtman
Ewtman's picture

Collapsing markets aren't going to help the school situation. Deflationary pressures will continue to rob communities of tax revenue as more and more people lose their meager savings, 401ks and houses. The stock markets will continue to fall next week.

DOW

http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...

S&P 500

http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...

Sun, 01/18/2015 - 15:37 | 5677094 f16hoser
f16hoser's picture

It's not Obama's fault; it's "Whitey's" fault. At least that's what this administration is constantly suggesting. Unfortunately, Joe Public isn't smart enough to understand they're being lied too...

Sun, 01/18/2015 - 15:47 | 5677121 eclipse001
eclipse001's picture

Ewtman, 

I take exception to your statement, "Deflationary pressures will continue to rob communities of tax revenue..."  Despite what does or does not happen with property "values" or the tax rates levied on them, our great central planners will always want to outspend their receipts.  "It's for the Children" has allowed the per pupil spending on K-12 education to mushroom just like the jump in higher education tuition & fees has.  All of this to what good end?  Certainly not better education, but some comfortable incomes for the central planners and their accomplices. Take a look at Detroit and wonder why higher tax rates and more spending didn't fix the problems.  

Sun, 01/18/2015 - 17:48 | 5677394 Accounting101
Accounting101's picture

Stop discussing education issues, specifically budgets and student achievement. You have no god damn idea what you are talking about. Mushroom my ass. What is a $500 per pupil cut worth for a district of 17,000 students?

With regards to "not better education", check out TIMMS and PIRLS achievement results and NAEP trends over the last 20 years. You are going to feel stupid once you do.

Sun, 01/18/2015 - 15:59 | 5677141 fibonacci's claus
fibonacci's claus's picture

has the government caused this situation with its thousands and thousands of divorce court judges who cater to the 'casino" mentality of women in our society and viciously drive men from there homes and children?

and is this exactly the strategy that slave owners used to break up the strength of the black slave families on the plantations?

married couples are now the minority in this country.  because the government is the main beneficiary of divorce.  it is a 50 - 100 billion dollar racketeering ring led by .gov

i am positive the less than supreme court will allow gay marriage.  this is the way .gov wants it. 

the government destroyed the american family.  and they are more than willing to live with this fact.  because it is a win win for them.  bigger government and total control.

government has weaponized itself against the american family. 

 

 

Sun, 01/18/2015 - 17:40 | 5677329 Accounting101
Accounting101's picture

You are an Oligarchical troll?

Sun, 01/18/2015 - 16:18 | 5677183 fibonacci's claus
fibonacci's claus's picture

my ex wife loved the hand outs.  welfare, wic, whatever she could get her hands on.  the government breeds this mentality into society. 

i remember the first time i answered to phone and it was the county case worker.  the case worker was completely rude and would not tell me why she wanted to talk to my wife.  .gov butting its big fat ass right in the middle of my marriage.  every few months i had this rude case worker calling the house for my wife cuz she wanted to be on welfare.  case workers call was secret and she couldn't talk to me she had to talk to my wife and i couldn't know anything about it !  yep.  .gov stuck itself between me and my wife.  me and my marriage.  torn our family apart.  word to the wise.  beware of government ripping your life apart.  they love doing it.  all in the name of keeping children and women safe. its for the good of the children. 

i disagree.  the government wants family apart.  they don't want strong masculine men running an american family.  the government wants to get its dirty little fingers in there.  they start with welfare.  they know if the women go on welfare they can start marginalizing the men.  then they have these case workers that constantly feed the women the idea that their husband is bad and not taking care of the family.  once they have the women brainwashed that welfare and the government is the answer to their independence, freedom, happiness, and giving them free money and healthcare every month its not long they go find a lawyer and go to the divorce court casino. 

now the .gov has just what it wanted all along.  total control.

racketeering by .gov at its best. 

Sun, 01/18/2015 - 19:16 | 5677630 DipshitMiddleCl...
Sun, 01/18/2015 - 16:22 | 5677194 GreatUncle
GreatUncle's picture

Education and healthcare the fastest way to breed future discontent.

You might want to let onto the third that is enough to live on when you ger old preventing the more elderly suicide bombers about to appear because the concept of living in poverty in retirment becomes a more important condsideration especially if government is still looting you.

Sun, 01/18/2015 - 16:36 | 5677217 Rjgroad
Rjgroad's picture

Michael, normally like your stuff. This one is not up to your normal auality. The pathology if proverty is incentivized by Daddy State cradle to grave entitlements. Generations are being bred into poverty by failed cultures and social structures. The effect of failed Govt charity is not to lift up the bottom but to pull down the Middle. Classic Marxism - destroy to Middle Class whike claiming to be helping them. Oh it also helps to demonize anyone at the top.

Sun, 01/18/2015 - 17:37 | 5677363 Accounting101
Accounting101's picture

Marxism??? Oh that's rich. Trillions and trillions of private debt (those at the top) dumped on the public, regulatory and legislative capture by those top at the top and the middle class being ground up, yet you yell "Marxism".

Pure ignorance.

Sun, 01/18/2015 - 16:46 | 5677236 Miss Expectations
Miss Expectations's picture

FREE AND REDUCED LUNCH NUMBERS ARE A FRAUD AND ARE NOT VERIFIABLE.  The USDA does NOT allow schools to verify eligibility.

Here's a great article (2010) about how the Free and Reduced Lunch numbers are a fraud and CAN NOT be verified: http://educationnext.org/fraud-in-the-lunchroom/
Charlotte-Mecklenburg
Others claimed the school board had a responsibility to weed out cheating. “There are thousands of people who shouldn’t be in that program. We know that. Everybody up here knows that,” said Gauvreau, who twice proposed a motion, voted down both times, that would have directed the district superintendent to verify a larger percentage of applications. Efforts to authorize an audit came crashing down in September when the USDA threatened to cut off the district’s $34 million lunch-program subsidy for the 2007–08 school year if it proceeded with a full verification. School-district attorneys subsequently received a written order from the USDA saying that an audit beyond the mandated 3 percent would be illegal under federal law. The National School Lunch Act does not specifically address the legality of a school district going beyond the 3,000 or 3 percent benchmark. The USDA, however, interprets the law to disallow a comprehensive verification. The 2008 version of the “Eligibility Manual for School Meals,” published by the USDA, says that school districts “must not verify more than or less than the standard sample size … and must not verify all (100% of) applications” 
Sun, 01/18/2015 - 18:42 | 5677546 yogibear
yogibear's picture

Obama and the democrats think the upper wage earners need to be taxed 70%. 

 

Sun, 01/18/2015 - 19:22 | 5677644 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

the problem is, even public schools in well to do areas are being forced to open up their schools to the muds (blacks and latinos)

 

my advice to anyone out there with young kids, get them out of public shools or move to smaller communities that are homogenous and away from the hoardes

 

 

Sun, 01/18/2015 - 19:37 | 5677696 Turk February
Turk February's picture

Those places are getting fewer and farther between as weaponized diversity is imposed by the minority occupation government.

Sun, 01/18/2015 - 19:43 | 5677719 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

non-whites tend to not live in rural areas.

 

Sun, 01/18/2015 - 20:14 | 5677846 Turk February
Turk February's picture

Maybe true in the far north, but in the southwest, Texas, and the black belt of the deep south, not so much.

Sun, 01/18/2015 - 19:30 | 5677672 tumblemore
tumblemore's picture

1) Money lending for consumption will always gradually siphon all the wealth away from producers and consumers to the money lenders. It always happens and it always ends in economic collapse. It's nowhere near rock bottom yet though as when they're ready they'll crash both the housing market and stock market and buy everything up at fire sale prices Wiemar stylee.

2) The corruption necessary for the banking mafia to fully take over generally means regulatory capture in every other sphere also just to make it worse.

3) The biggest recipients of welfare are the banking mafia oligarchs.

Mon, 01/19/2015 - 14:20 | 5680281 TeethVillage88s
TeethVillage88s's picture

Yes.

Been thinking it is unlikely that we can stop free "Slave" Trade and off shoring. With low demand for US Labor, you would think then we have to develop new industries here and stop them from being off shored. But I can't see the Elites (American Royals) fixing anything.

- Low Money Velocity
- Wall Street Creates as much money as it wants for it Banks out of thin air
- Wall Street seems to have a Near Monopoly on Creating Credit & Money, while Credit & Money are like a Utility which everyone needs access to
- Compare money created by Wall Street to the FED or the Federal Government = you can see who is in power & who has the real power, would love to see the true numbers
- Consider: $1.7 Quadrillion in Global Derivatives that went through Depository Trust & Clearing Corporation

Job Training & Assistance

Little to show federal budget help in job formation, but this:

2014 federal Outlays Training & Employment Services = $3.10 Billion (Decreased)
2013 federal Outlays Training & Employment Services = $3.48 Billion (Decreased)
2012 federal Outlays Training & Employment Services = $3.74 Billion
2011 federal Outlays Training & Employment Services = $4.48 Billion
2010 federal Outlays Training & Employment Services = $5.11 Billion
2009 federal Outlays Training & Employment Services = $4.45 Billion

2008 federal Outlays Training & Employment Services = $4.30 Billion
2007 federal Outlays Training & Employment Services = $5.16 Billion
2006 federal Outlays Training & Employment Services = $5.26 Billion
2005 federal Outlays Training & Employment Services = $5.32 Billion
2004 federal Outlays Training & Employment Services = $5.60 Billion
1999 federal Outlays Training & Employment Services = $4.68 Billion

2014 federal Outlays Office of Job Corps = $1.59 Billion
2013 federal Outlays Office of Job Corps = $1.58 Billion
2012 federal Outlays Office of Job Corps = $1.77 Billion
2011 federal Outlays Office of Job Corps = $1.66 Billion
2010 federal Outlays Office of Job Corps = $1.85 Billion

Total--Department of Education Outlays 2014 = $99.31 Billion
Total--Department of Education Outlays 2013 = $89.5 Billion
Total--Department of Education Outlays 2000 = $33.4 Billion
Total--Department of Education Outlays 1998 = $30.6 Billion
---

What is Corporate Welfare each year about $500 Billion? Or add in another $500 Billion for Health Care and Big Pharma?

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