Monday, December 29, 2008

Bad investment advice

The Ohio Coalition for Equity and Adequacy of School Funding (The Coalition) -- you know, the DeRolph folks -- love to spread their propaganda throughout Ohio. Their latest email includes this nonsense:
Participation in early childhood education programs reduces high school drop out
rates, special education placements etc., with up to $7 return on each dollar
invested in preschool.
That's right, up to a $7 return for every $1 "invested." With such a high rate of return for the fetching, why do these folks need to force participation in their "investment" scheme? You would think that money would be flooding into schools by choice, and not by vote.

Of course, the folks involved in The Coalition (500 of Ohio's 600+ school districts) speak in terms of societal costs and benefits when they are really talking about bigger salaries and bigger budgets.

If you think Madoff ran a Ponzi scheme, just let these foxes in the Ohio egg house for day or two. You'll see a pyramid of billions spent, but not a penny in return.

1 comment:

Anonymous said...

Head Start was created to give poor kids academic equal footing with their more well off counterparts. Several decades later we see the results: 65% increased enrollment with a 1,000% increase in funding (adjusted for inflation) and record drop out rates. Now the government (and Obama) want to broaden this trap for even more kids, and set them up to fail at an even earlier age.

When will the public say, "Enough"?