School system budget in flux

The federal reserve is to blame and decades of federal mismanagement is to blame for the economic problems that the country is facing on national, state and local levels. The problems all started when the dot com bubble popped and the economy was artificially propped up with record low interest rates from Alan Greenspan at the Federal Reserve. This created the housing bubble which allowed those who could not afford to be homeowners to get cheap money from notes that they were destined to default on. Rating agencies like Moody's fraudulently rated this junk as triple A investments, leaving big institutions holding junk. When it all came crashing down, this led to the bailouts and government intervention designed to save the 'too big to fail' while the rest of America was left to sink. The combination of deflationary collapse in real estate and the job market as a whole, combined with the price inflation caused by the debt monetization and quantitative easing programs of the federal reserve has caused the current economic stagflation. Its only going to get worse too because if the government and fed quit the QE program, the economy will collapse into total, great depression level deflation. If they keep printing and debasing the dollar, we will experience inflation and possibly hyper inflation. Interest rates hikes will not be an option to control this inflation because it will kill the economy as cheap credit dries up and it will mean that the interest payments on the multi-trillion dollar debt will be so high that no amount of tax hikes and cuts will be able to pay it. The combination of cuts on a state level, pay freezes, inflation and poor tax revenues are causing the budget problems. The only option I can see is a total default on the trillions of dollar of debt. The national debt doesn't even begin to account for the hundreds of trillions in potential derivatives liabilities that exist on Wall Street. Only a total default, with all dollar debts squashed will save the United States. The federal reserve needs to be abolished and the a new dollar, backed by precious metals needs to be issued. Sound money, reforms in foreign policy, reforms of Wall Street, energy independence, a return to manufacturing and smart trade policies are the only solutions to these problems. There are budgetary problems at a local level and some are due to waste, but much is to do with rules of accounting regarding how money can be spent, state cuts and the aforementioned federal level problems.