Schools have more cash than they know what to do with, but it will not help student achievement.
Spurred by the Covid panic, schools have been the recipient of ungodly sums of money. And it’s not as if the beast was starving before. To put things into perspective, the U.S. spends about $800 billion on national defense, more than China, Russia, India, the U.K., France, Saudi Arabia, Germany and Japan combined, according to the Stockholm International Peace Research Institute. But America now spends even more on k-12 education, with an outlay of about $900 billion dollars a year, which includes an additional $122 billion from the Covid-related American Rescue Plan. While we have a military that is second to none, our education spending does not lead to a similar result. Our annual education outlay is second highest in the world, trailing only Norway. But in achievement, we are in the middle of the pack. For example, the 2018 rankings by the Programme for International Student Assessment, or PISA, has the U.S. 36th out of the 79 countries that participated in the math test, which is given to 15-year-olds.
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