“Michigan’s Buena Vista — ‘Good View’ — school district in Michigan shut down this week. It is out of money. Some teachers say they will teach for free. But will all of them do this? In any case, it’s illegal. Michigan doesn’t allow it. The state cut funding by $3 million, due to declining enrollment. The nearby Pontiac School District is close to bankrupt. It can’t meet payroll. Two districts in Arkansas are bust. The Philadelphia district in Pennsylvania is begging for money from the state. We are in an economic recovery. What happens in the next recession?”
http://teapartyeconomist.com/2013/05/16/entire-school-district-shuts-down-out-of-money/
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