The federal government has spent more than $293 billion in the past decade to improve student academic performance, on top of a combined $5.5 trillion spent by the states. But despite priority treatment from Presidents Bush and Obama, reading and math proficiency levels haven't budged. A quarter of high school seniors don't meet basic reading standards and a third fall below basic math proficiency.

Today's video, above, gives more of the story; share it with your friends.

Face the Facts USA is a project of The George Washington University's School of Media and Public Affairs. Would you like the "Fact of the Day" beamed straight to your email inbox? Sign up here. For more fun stuff, follow them on Twitter @FaceFactsUSA, or like them on Facebook.

Also on HuffPost: