Education Spending Doubled, Stagnant Test Scores
So the only thing higher public school spending has accomplished is to raise taxes by about $300 billion annually, without improving outcomes. The fact that more schooling without more learning is not a recipe for economic growth is confirmed by the independent empirical work of economists Eric Hanushek and Ludger Woessmann. Their key finding is that academic achievement, not schooling per se, is what matters to economic growth.
Based on this body of research, the president’s decision to pump $100 billion into existing public school systems is likely slowing the U.S. economic recovery.
~Andrew Coulson, Director, Cato's Center for Educational Freedom