Market Overview

Economy Claims One More Casualty…Our Children.

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Many municipalities across the country find themselves having to face some tough choices as their budgets are blown out of the water. Almost 10% of all homes in the US are currently in foreclosure with another 25% of the homes at risk and as a result property taxes are delinquent or not getting paid at all. A large percentage of property taxes are spent on education and cuts have to be made. Unfortunately many cities across the US are choosing to reduce the amount of teacher's as a way to offset the budget deficit. The amount of school aged children has not dropped; as a matter of fact the number is at historic highs. With student to teacher ratios already out of balance on a national level and educators already struggling to maintain control of classrooms bursting with students, reducing the amount of teachers does not seem to be a prudent solution, but that is how many cities are choosing to deal with the situation.

Now the future generation of our country is being effected by this whole economic mess as Wall Street proclaims the economy is on the road to recovery while the stock market continues its 6 month bull-run. I guess when your kids go to private school and their teachers still have jobs, the economic situation doesn't look so bad.

Posted-In: Wall Street JournalOfferings Insider Trades Analyst Ratings

 

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