Spending More on Education Doesn’t Spell Academic Achievement
Three facts about education spending and academic performance:
1) American public education spending is at an all-time high.
2) Decades of increased spending hasn’t significantly improved performance.
3) Reforms are also needed to improve public education.
Research paper: http://is.gd/2spz
Guide to education reform: http://is.gd/2spI
source
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Again, if it took 40 years for the costs to double (using the slide at 0:26 does say 2006-2007 dollars), the growth rate of education spending has been a mere 1.8%. Costs have gone up due to such as oil. In the 1970's gasoline was 40c a gallon, now it's more like $3.25. The cost of real estate and the cost of school buildings have gone up. Salaries have pretty much remained constant to inflation. The 1.8% growth over 40 years is really not outrageous.
@milofonbil "they have not kept up with the cost of inflation."
Those numbers are adjusted for inflation.
I think vouchers are a horrible idea. I have seen charter schools in Colorado. They only work to enrich real estate developers and bankers, not the students. The teachers are paid even less than the public K-12 teachers, and they got their degrees at Walmart. The rich people use their vouchers to take their kids to exclusive private schools that no one else can afford. The voucher system helps further enforce the segregation between the rich and the middle class and the poor.
"Since 1970, per student spending has more than doubled" This means it took 40 years to double. By the rule of 72's (72/40), the growth rate of those costs has been 1.8% per year. If you think about it, they have not kept up with the cost of inflation. Clearly the Heritage Foundation does not know what they are talking about.