Parents have a right put their kids in any school they choose or to homeschool them, but they have an obligation to pay for any choice they make. If parents don't like the government provided schools, they should pay for their choice themselves.

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" All of women's aspirations, whether for education, work or any form of self-determination, ultimately rest on their ability to decide whether and when to bear children." Susan Faludi author of "Backlush"

And there is a difference between going after profit and pursuing an avenue that you think or know will result in failure and the tax payers having to foot the bill. We are providing a safety net in this situation, they are not the only ones getting a safety net. A lot of borrowers are getting it as well. Generally I'm against safety nets.

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Obama The Naive: “To those who cling to power through corruption and deceit and the silencing of dissent we will extend a hand if you are willing to unclench your fist.’’ The Iranian response? “The Great Satan now has a black face.’’

As funny as you thinking you can deny it and make that fact untrue.

The comedy is in the "logic" on display in this post. You have failed, in epic fashion, to prove their intent was to hide toxic assets. You can't prove it because that would be a lie. Computer leases are also off balance sheet and guess what? Those aren't toxic assets generally speaking either. For those of us educated in business, it is common knowledge that there are several reasons for off balance sheet transactions. Trying to hide bad assets isn't one of them.

Yes they did, market value. At the time those vehicles were created it was based upon market value and they were getting it. Now those values have decreased because they can't get the value. In instances where they were backed by other assets (guarantees, derivatives, letters of credit, etc) they were booked at the actual book value.

No it isn't. Blaming all the people in the ghettos for it is your invention. Just like off balance sheet transactions is an invention for the cause. Greed was involved as were many factors. Off balance sheet transactions, yeah that was the cause of the collapse

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Obama The Naive: “To those who cling to power through corruption and deceit and the silencing of dissent we will extend a hand if you are willing to unclench your fist.’’ The Iranian response? “The Great Satan now has a black face.’’

Then at the very least the parents should be reimbursed the money they paid into the public education system. It would make no difference to me if they received all of the money that would've been spent on their child to go towards the school of their choice. As long as the child is being educated I don't see what the uproar is about.

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"The plans differ; the planners are all alike..."
- Frédéric Bastiat

All taxpayers pay to educate all children. All taxpayers pay to build roads, so do taxpayers who chose not to drive on those roads get money back? All taxpayers pay to build and maintain state and city parks, do taxpayers who chose to spend their time in their own backyards get money back? The uproar is about parents who want taxpayers to pay for an "upgrade" for their children's education. And most of the time it is parents wanting taxpayers to pay for a sectarian education for their children (95% of all private schools are sectarian).

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" All of women's aspirations, whether for education, work or any form of self-determination, ultimately rest on their ability to decide whether and when to bear children." Susan Faludi author of "Backlush"

Vouchers and education credits do not raise your taxes. They simply redirect some of the money already allocated for failing schools to good schools.

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"The plans differ; the planners are all alike..."
- Frédéric Bastiat

Actually they increase failure in public schools by defunding them and redirect the money into private pockets.

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"You can't go around building a better world for people. Only people
can build a better world for people. Otherwise it's just a cage."
-- (Terry Pratchett, Witches Abroad)

You can hang onto that all you like.


Not at all, you just have epically failed to deal with facts placed directly in front of you. See...I can use "epic fail" too.

They are toxic assets.


It was the banks themselves that determined the amount they were worth, there was no set criteria for arriving at that value nor any outside source who had to concur with the "value" placed on the asset by the bank.

The value was 100% created by the bank, not the market.

It was definitely you who think this crisis was created by home loans in ghetto areas.

Banks overextended due to greed, they hid the problem and it grew into the crisis we have now. They never were concerned because they always knew that they had the kind of safety net no citizen would ever be able to count on AND they could even blame them for it all and get people like you to cheerlead the cause.

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"You can't go around building a better world for people. Only people
can build a better world for people. Otherwise it's just a cage."
-- (Terry Pratchett, Witches Abroad)

When a school district spends over $26,000 per child and remains one of the worst in the country (DC) increasing failure becomes an inevitability.

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"The plans differ; the planners are all alike..."
- Frédéric Bastiat

Then look to find out where the failures are and they "why" and fix that....its not a good idea to simply turn the money over to private interests. Thats not a "fix" either. That simply defunds the public education system and turns public money over to private interests that are sopposed to support themselves via private money.

Also exactly how many public schools are "failures"? What is this criteira for failure and what percentage of public schools are failures overall?

Why not expand or adopt the models of the successful public schools instead of turning tax payer funds to private interests?

__________________
"You can't go around building a better world for people. Only people
can build a better world for people. Otherwise it's just a cage."
-- (Terry Pratchett, Witches Abroad)