History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
Obama's shallow plan to spend $23 billion on education
- 05-28-2010
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Editorial/Washington Post
In a speech Monday on the Obama administration's economic policy, National Economic Council Director Lawrence H. Summers argued that deficit spending is still needed to boost growth -- but must be designed to produce maximum "bang for the buck." "There is no macroeconomic rationale for wasteful spending," he insisted. So why are Mr. Summers and Christina D. Romer, chair of the White House Council of Economic Advisers, along with the rest of the Obama administration, promoting the $23 billion education jobs bill now before Congress? Its sponsors on Capitol Hill have labeled it "emergency" legislation, worthy of exemption from President Obama's anti-deficit pay-as-you-go rules. But it's certainly not a uniquely effective way to stimulate the economy. (more...)
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