Funding Human Capital
On the political site Talking Points Memo, economist and former U.S. Secretary of Labor Robert Reich asks why we're bailing out Wall Street investment banks but not public schools:
It's absurd. We¹re bailing out every major bank to get financial capital flowing again. But we¹re squeezing the main sources of our nation's human capital. ... Don't get me wrong: I¹m not saying funding is everything when it comes to education. Obviously, accountability is critical. But without adequate funding we can¹t attract talented people into teaching, or keep class sizes small enough to give kids a real chance to learn, or provide them with a well-rounded curriculum, and ensure that every qualified young person can go to college.