2 Responses to Funding California Schools: Proposition 51 Versus a State-owned Bank

  1. Tom October 21, 2016 at 8:33 am

    “$9 billion — 5% — 35 equals $15.75 billion in interest — nearly twice principal…”

    That is not a formula for calculating the total interest paid.

    The total interest is the payment made each year times the number of years less the amount borrowed. (~$500 million times 35 minus $9 billion =~ $8.6 billion)

  2. William "Bill" Hicks October 21, 2016 at 8:06 am

    Sounds very convoluted to me. But then, this article is written by the some kind of career discipline that gave us obamacare.


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