The fiscal reality of school spending

New York Times
Posted: October 14th, 2008 by R. Lee Wrights
Author: Lance T. Izumi

“Out here in California, this was supposed to be the ‘Year of Education,’ at least according to Gov. Arnold Schwarzenegger. But whatever plans the terminator-turned-governor had in mind to reform education ran aground on the rocks of a sputtering economy and sagging tax revenue. A similar situation faces the next president, especially with the taxpayer-financed Wall Street bailout crowding out federal spending in other areas, including education. Barack Obama, unfortunately, seems oblivious to the fiscal reality he faces.” (10/13/08)

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