The interest on our overspending in 2011 was 454 billion. In 2012 it was a little less due to an accounting trick and december is not yet in.
So let us call it 500 billion because that is where it will be soon and investment analysts are fond of doing forward earnings to value an enterprise.
Nice number, 500. because now you can prorate your share based on your state's population. Wisconsin is an average size with a population 5-6million. So our share of the annual interest on the debt is 10billion dollars. Not so long ago that was our annual state budget. Now we give it to debt holders. Very few taxpayers understand it as such. I am usually classified as a liberal, but we have a spending problem.
Now ten billion dollars.... let's divide that by the number of school districts in our state, 400+/-.
That is twenty-five million dollars per school district in an average size state every phrickphrackin year. You know how hard it is to get a school referendum approved? We throw that much power away every year. You could build a new secondary school every year in every district in the nation for what we bust our nuts to pay the interest.