Opinion: Education Funding Problems a Myth

From the Federalist PatriotPost of today, this quote from John Stossel: "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. Think about that! For a class of 25 kids, that's $250,000 per classroom. This doesn't include capital costs. Couldn't you do much better than government schools with $250,000? You could hire several good teachers; I doubt you'd hire many bureaucrats. Government schools, like most monopolies, squander money. America depends more on schooling than the vast majority of countries that outscore us on the international tests. But the bureaucrats still blame school failure on lack of funds, and demand more money." ---John Stossel