Detailed text transcripts for TV channel - MSNBC - 20110927:20:08:00
Problem, the retirement. but a relatively -- in spite of the high home ownership rates, a relatively small percentage of the parents, compared to the '50s and '60s and '70s, were homeowners. and therefore, were direct property taxpayers. so it became more and more difficult to pass school millage rates in a district where you didn't also have a lot of parents who were property taxpayers. then we got a lot of embedded costs in our tax system that we hadn't fully re-examined. and the whole thing is crazy. if you think about the states have constitutional responsibility for education, and many pl...