dollarcollapse.com / By John Rubino /
Readers of a certain age will remember when state universities were a bit spartan but extremely cheap. Middle class families could send their kids to Ohio State or UCLA without taking out a second mortgage, and the kids could focus on classes and fun instead of juggling multiple part-time jobs to cover room and board.
Those days are long gone, due in part to a building boom fueled by easy access to student loans that allowed kids to demand ever-more plush amenities. But mostly it’s because so many states are slouching towards bankruptcy, starving their schools in the process. Let’s use Illinois, the poster child for fiscal dysfunction, to illustrate the point:
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