John Stossel debunks the myth that public schools are underfunded. Of course, if that’s true, then the primary argument against school choice – namely, that vouchers would drain critical funding for public schools – also falls apart.
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.
Read the whole thing here.