This is all actually very simple; public schools don’t have to turn a profit. Many private scools do. For the record, cost + profit is greater than just cost. In order for a for-profit to compete with a nonprofit on a cost basis, the for-profit is going to have to cut corners — i.e., what conservatives spin as “efficiency.” Here we see the results of these efficiencies; a half-assed education program that’s the predictable outcome of taking money away from actual education to line the pockets of pointless middlemen and bean counters.
So the proper way to accept this news is, “Well duh, of course…” If you’re having a different reaction, maybe you didn’t go to public school.
But don’t worry, Walker and Republicans have a plan: make it harder for black people to vote.