Category Archives: Well Worth Reading

For Me, Not Thee

When he talks about borrowing money today and forcing that debt on the unborn he is literally talking about the very scheme that the Cubs are pushing. That plan calls for the bonds to be paid off over 35 years through amusement taxes.

I saw this on Roger Ebert’s Twitter feed: Joe Ricketts, head of the family that now owns the Chicago Cubs, has spent time and hundreds of thousands of dollars of his own money railing about government spending even as the family asked for a $300 million Illinois bond issuance for the renovation of Wrigley Field.

Windy City Watch does a great job detailing the hypocrisy.

The Education Bubble Begins to Deflate?

Reports of students who leave such schools with heavy debt, only to work in low-paying jobs, have prompted the Department of Education to propose regulations that would cut off federal financing to programs whose graduates have high debt-to-income ratios and low repayment rates.

Great article in the New York Times today on the scam of for-profit colleges, which sucks federal money from students and leaves them indebted and jobless.