Wednesday, January 18, 2006

Myth: Schools don't have enough money

You will see the story below on a number of BLOGs but it is well worth repeating and reading again.

Myth: Schools don't have enough money

"Stossel is an idiot who should be fired from ABC and sent back to elementary school to learn journalism." "Stossel is a right-wing extremist ideologue."

The hate mail is coming in to ABC over a TV special I did Friday (1/13). I suggested that public schools had plenty of money but were squandering it, because that's what government monopolies do.

Many such comments came in after the National Education Association (NEA) informed its members about the special and claimed that I have a "documented history of blatant antagonism toward public schools."

The NEA says public schools need more money. That's the refrain heard in politicians' speeches, ballot initiatives and maybe even in your child's own classroom. At a union demonstration, teachers carried signs that said schools will only improve "when the schools have all the money they need and the Air Force has to hold a bake sale to buy a bomber."

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.

To view the rest of the story click here to go to

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