As America starts to grapple with its out-of-control spending habits, we as a nation really should reckon with our education costs. Few federal education programs were targeted by President Obama's deficit-reduction commission, but that's because most school funding comes from the state and local levels. And that's where the big-time money problem is. According to a report issued jointly last week by the National Governors Association and the National Association of State Budget Officers, when federal stimulus funds run out in 2011, states -- and, by extension, schools -- will tumble off a fiscal cliff, and even an economic upturn won't bring state funding back up to where it was a few years ago.
Is Big Education Spending A Thing Of The Past?