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December 30, 2010Time for Big Cuts in Education Spending?America spends far more on education than countries like Germany, Japan, Australia, Ireland, and Italy, both as a percentage of its economy, and in absolute terms. Yet despite this lavish government support for education, college tuition in the U.S. is skyrocketing, reaching levels of $50,000 or more a year at some colleges, and colleges are effectively rewarded for increasing tuition by mushrooming federal financial-aid spending. Americans can't read or do math as well as the Japanese, even though America spends way more (half again more) on education than Japan does, as a percentage of income, according to the CIA World Fact Book.Posted by Jim Zellmer at December 30, 2010 1:02 AM Subscribe to this site via RSS/Atom: ![]() Comments
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