Education Tearing Down the Wall

8/14/2019 Education Tearing Down the Wall

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TEARINGTEARINGTEARINGTEARINGDOWNDOWNDOWNDOWN

THETHETHETHE

WALLWALLWALLWALL


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$1,000,000 Challenge


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Endowed by their Creator


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Danbury Baptists


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Above My Pay Grade


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Father Knows Best


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2 for 2


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US ConstitutionRatified

July 1788


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Lady Liberty surrounded by figures representing Order, Authority, Council, and Research


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Let the States Decide How

25% of each States Production


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Education


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Education

Education


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Education

Education


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Education


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Education:Todays Civil Rights Struggle


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Education


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Education

20 to 33%


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7 X Funding since 1945


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The US is Below Average

Organization of Economic Co-operation and Development


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The US has one of the highest funding levels


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Diversity Lacking

Economics of the Educational System


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Economic analysis indicates the structureof the educational system may well be acontributing factor to its high cost and poorstudent performance of recent decades.

Education is largely provided bygovernment-operated firms with substantialmonopoly power.

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Competition is largely absent; educationalconsumers have limited choice amongschools.

Because it is costly for parents and students

to shift away from low-quality schools, theyare in a weak position to discipline anddirect schools.

bl h l d hEconomics of the Educational System


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Public school administrators have a strongincentive to expand their budgets by seekingadditional funding from budgetary agencies,but have a weak incentive to cater to the

views of parents and students. This structure is likely to result in higher

schooling costs and a disconnect between

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the quality (and structure) of schools and thepreferences of educational consumers.


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Through hard work and perseverance my father got ascholarship to study in a magical place, America, that


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p y g p

shone as a beacon of freedom and opportunity to somany who had come before.

They imagined me going to the best schools in theland, even though they werent rich, because in agenerous America you dont have to be rich to achieve

The people I meetdont expect government to solveall their problems. They know they have to work hard toget ahead, and they want tothey will tell you they

dont want their tax money wasted, by a welfare agencyor by the Pentagon.

Go into any inner city neighborhood, and folks will tell you that


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government alone cant teach our kids to learn; they know that parentshave to teach, that children cant achieve unless we raise theirexpectations and turn off the television sets and eradicate the slanderthat says a black youth with a book is acting white.

They know those things. People dont expect -- People don't expectgovernment to solve all their problems. But they sense, deep in theirbones, that with just a slight change in priorities, we can make sure thatevery c n mer ca as a ecen s o a e, an a e oors o

opportunity remain open to all.They know we can do better. And theywant that choice.

Barack Obama 2004 DNC Keynote Address

Solution


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Fund and Protect the Child, not theSystem

Equality of Funding Per Child, rich or poor. Freedom of School Choice Savin s o to reduce taxes and a or

college educations Government financed, not run Copy the University System and that of

Canadas Alberta province

Example


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Dollars and Cents


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Columbus Public School $10,356 Bishop Waterson $4,825 Di erence 5 531

Solution


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Child given a Scholarship for $10,356 Child chooses Waterson

Child saves $5,531 of $5,531 ($2,766) returned to State

invested in 529 College Savings Account

Benefits


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Better Education Equal funding for all More choices, competition Lower cost to tax payers

Parent selects school not the State Makes college more affordable

Thus far, movement towards school choice

Impact of Structural Change


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has been modest. Preliminary findingsindicate: The achievement scores of African-American

students tend to be higher after one to twoyears in voucher programs. The impact of charter schools on student

Jump to first pageCopyright 2006 Thomson Business and

Economics. All rights reserved.

achievement is inconclusive.

Most parents of students in charter schoolsand voucher programs indicate they arehighly satisfied with their childrens schools.

Targeted voucher programs tend to increaseracial integration in schools in highlysegregated communities.


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Documents

Education Tearing Down the Wall