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Cut waste or invest? Try both

  • 01-26-2011
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By David Leonhardt/New York Times

President Obama wants to be sure that the United States keeps making the investments that help the economy grow. Congressional Republicans want the government to stop wasting so much money. Education — particularly higher education — offers a great opportunity for a compromise that would let both sides claim victory and, even more important, help the economy. Why? Education is the single best investment a society can make. High school became universal in the United States in the early 20th century, when other countries viewed universal schooling as wasteful, which goes a long way toward explaining our economy’s 20th-century success. (more…)


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