This morning, Joe Scarborough helped to raise $125,000 to help repair a leaky roof in a government school indoctrination center in New Orleans.

As I explain in my book, it’s basic Austrian economics that governments tend to ignore capital expenses in favor of income. Joe, if you want to know where the roof money went, look at the salaries, benefits, pension funds, unions dues, and the huge amount of cash that goes from the taxpayers’ pockets to the teachers to the unions to the liberal Democratic politicians.

It is amazing that a so-called real conservative, a man of the 1994 (fake) Republican Revolution, is now touting the premier socialist institution in American, K-12 government schools.

On the bright side, Regis Philbin just rolled out a drive to raise money for failing Catholic schools.

From the book:

Many government schools are in ancient and decaying buildings which contain numerous environmental time bombs. These include lead, asbestos, mold and indoor air pollution. What you have to understand is that in any government enterprise, capital investment such as new buildings always takes a back seat to spending on income such as wages, benefits and pensions. Thus, the presence of old and unhealthful school buildings is not an accident. It’s the way things are in bureaucracies.

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