Spend more money on education, the President says? Actually, we should be looking there for savings … here are some of the numbers:
State governments spent 35 percent of their general funds on K–12 education in 2007, according to the National Association of State Budget Officers. In contrast, Medicaid — which is continually singled out as a problematic state‐budget item, even though most Medicaid funds come from the federal government — accounted for just 17 percent of general‐fund expenditures. Combined, state and local governments spend 27 cents of every dollar they collect on public K–12 education system, but only 8 cents on Medicaid.