Why do schools issue bonds instead of borrow from a bank?

I realize the most basic answer is to avoid paying interest until some future point in time.

My second question connected with this is:

Once a school district issue a 20 year bond, do they start putting aside money each month / year to pay that bond off?

And my final question is, if the answer to above question is no, do they plan on just issuing another bond in 20 years with this one is up?

It seems to me like the entire educational funding is a Ponzi scheme, especially when an online school could be built by a state for the cost of what one district spends on school buses.

These buildings worth tens of millions of dollars of prime real estate could be sold, parents that want tutors or baby sitters can hire their own, and this could would save trillions of dollars.

Just think of all the unnecessary jobs that would be eliminated: Teachers, bus drivers, security guards, cafeteria workers, school police.

Traffic would be so much better without all the soccer moms blocking traffic picking up their kids. Gas would be cheaper from less usage.

OPEC would get less money.

The environment would be better.

No mass school shootings would be possible.

Parasites that get rich off the school system and retire after 20 years would have to get real jobs.

Why do we not have 21st century approaches like these to education, instead of what we have now?

And if you find this post offensive, you are the problem.

Submitted May 16, 2018 at 09:27AM by DataJuggler https://ift.tt/2wOtD0Y