Wednesday, April 5, 2017

In Re: LAUSD’s Solvency ~ “Who Can Even Read That?” – redqueeninla

In Re: LAUSD’s Solvency ~ “Who Can Even Read That?” – redqueeninla:

In Re: LAUSD’s Solvency ~ “Who Can Even Read That?”

Well…. the previous post is not actually all that long or complicated. It’s just boring. Reading about finances is boring.
So, it seems the story about LAUSD’s finances and how they’ve been competently managed and LAUSD is NOT going bankrupt will just be bleeped over. Again.
Yet, it’s not complicated; it’s not hard to understand.
And it’s important, so here it is in parable:
Your kids’ clothes are ratty. But your minimum-wage job is enough to cover rent and groceries and transportation. You’re getting by. But the kid wants new shoes.
What to do?
You’re squirrelling away a little bit, even, every month. And that nest egg is growing. It gets just a little bit bigger every day. Every now and then you have to dip into it, but you’re doing more saving than spending, so slowly it’s growing.
What to do?
Kid walks home from school. And needs new shoes because the other ones just aren’t working any longer. The shoes are needed; they’re not a first-line necessity, but they’re part of living adequately.
What to do?
Your apartment management company requires to see a bank account periodically that has more than the bottom-line rent required. This nest egg is providing that; it’s good. The apartment is good and you’re not going to get kicked out. You’re being a good money-manager.
But the shoes.
Kid needs the shoes. And what are you doing all this working for if not to provide kid with what is needed? If you just save and save, eventually kid grows up and goes away; what was it for then? Isn’t it being earned to be spent; isn’t it intended for the kid? That’s the social-mandate: earn money to take care of the kid.
So that’s all there is to it. LAUSD is not going broke (see data here), its operating expenses not only remain in the black year after year, but a little bit is being In Re: LAUSD’s Solvency ~ “Who Can Even Read That?” – redqueeninla:

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