There's no particular relationship between spending and educational results. Most education spending is actually on salaries, and that's allocated according to political muscle.
Sentiment: NEGATIVE
The amount of money we spend on education is important, but not nearly as important as how the money is spent.
Even in a time of fiscal austerity, education is more than just an expense.
It's not how much you spend, it's how you spend it. We have been putting a lot of money into education in the state of Nevada, and it's gotten us to 50th in the country in graduation rates. We needed more accountability in our system.
The traditional story of economists has been to say education explains what the returns are to school. I say, 'Okay, that's fine, but what explains the education? How much is just a matter of my giving you a poor kid versus a rich kid?'
Spending is not caring. Spending is what politicians do instead of caring. Spending more does not guarantee success. Politicians like to measure spending because it is easier than measuring actual metrics of accomplishment.
Spending an extra dollar on the D.C. public school system isn't spending an extra dollar on education. Spending an extra dollar with the Pentagon doesn't buy you an extra dollar on defense. Republicans need to look skeptically at military spending.
We are told there is not enough money for education, but somehow there is enough money for people to raise billions of dollars to defeat somebody in an election? Oh! Okay! Does that make sense?
Like health care, education is something worth spending on and worth investing in, but we're spending more and getting less.
As a matter of record, New York City spends a higher portion of its budget on instruction and associated costs within the schools themselves than any of the other 100 largest districts in the nation.
Ever since economists revealed how much universities contribute to economic growth, politicians have paid close attention to higher education.
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