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Dayton Daily News education reporter Scott Elliott writes about schools, kids, teaching and learning.
Home > Blogs > Get on the Bus > Archives > 2008 > December > 03
Wednesday, December 3, 2008
Should we be bailing out schools?
That’s what former U.S. Labor Secretary Robert Reich says. Here’s his argument. In an economic downturn, local and state revenues get hit hard. And it’s those very tax dollars that primarily support schools.
As state revenues decline right here in Ohio it is likely the state will, as it has in the past, soon curtail education spending. That will force local districts to make corresponding cuts.
Reich argues that when we bailout banks, the money can move easily oversees. It may help the U.S. economy, or it may not. He says if we were to make a similar investment in schools the result could only be good for our country, as it will contribute to improving the “human capital” of our country — that is the smarts and innovative brain power that can fuel the U.S. going forward.
What do you think of Reich’s argument?
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