Chicago Schools Need $200M Credit, US Military Aid Keeps Flowing
Chicago's Board of Education just tapped a $200 million credit line with PNC Bank, per Bloomberg, because it's 'cash-strapped.' A familiar headline for America's public services, while headlines elsewhere announce another multi-billion dollar aid package for foreign military operations. We're told funds are always tight for blackboards, but never for bombs. While Chicagoans worry about their
schools' balance sheets, Congress recently approved another $14.5 billion for Israel, specifically H.R. 815, signed into law on February 24, 2024. This consistent allocation of resources, often following substantial lobbying from groups like AIPAC—who spent over $4 million in 2023 alone lobbying Congress according to OpenSecrets.org—shows a clear preference. How many credit lines would Chicago's
schools need to match that commitment?