Okay to Bailout Wall Street but not K-12 Education - huh?

The news about covering the gushing wounds of greed on Wall Street is common news around the globe. Just how much are the taxpayers – you and me – going to pay in the name of stabilizing the financial markets?

"We're talking hundreds of billions of dollars - this needs to be big enough to make a real difference and get at the heart of the problem. "This is the way we stabilize the system." Treasury Secretary Henry Paulson

I understand why the Bush leadership is doing this move but I’m not saying I agree with the approach or the tactics. In case you missed the video I made, here are some key expenditures that put funding education in perspective……

--> $8,246: annual average spending per K-12 student in USA.
National Education Association – Ranking and Estimates 2005

--> $22,632: annual average spending per incarcerated person, excluding federal facilities. Department of Justice – State Prison Expenditures 2001

--> $49,026: average USA K-12 teacher salary in 2005-06.
National Education Association – Ranking and Estimates 2005

--> $361,000: annually to put a soldier, Marine, airman or sailor in Iraq or at bases and on ships in the region according to the Congressional Research Service. Houston Chronicle, April 29, 2006

So here is my question, why are we going to spend “hundreds of billions of dollars” on Wall Street - a number produce by greed and mismanagement - and we are unwilling to spend some serious cash to better educate our K-12 students – the future leaders of this world … cleaning up the messes of the people in power now? Go figure.

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Tags: K-12


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