Excerpt Of The Day: Our Schools Have More Than Enough Money

“Not enough money for education? It’s a myth.

The truth is, public schools are rolling in money. If you divide the U.S. Department of Education’s figure for total spending on K-12 education by the department’s count of K-12 students, it works out to about $10,000 per student.

Think about that! For a class of 25 kids, that’s $250,000 per classroom. This doesn’t include capital costs. Couldn’t you do much better than government schools with $250,000? You could hire several good teachers; I doubt you’d hire many bureaucrats. Government schools, like most monopolies, squander money.

America spends more on schooling than the vast majority of countries that outscore us on the international tests. But the bureaucrats still blame school failure on lack of funds, and demand more money.

…A study by two professors at the Hoover Institution a few years ago compared public and Catholic schools in three of New York City’s five boroughs. Parochial education outperformed the nation’s largest school system “in every instance,” they found — and it did it at less than half the cost per student.” — John Stossel

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