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Petar Ivanov

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Education "vouchers" solve the fiscal crisis, and also lead to economic recovery?

Simply open up K-12 education to the market place, with government only playing a role by financing the students with a yearly education check of $8000.

*www.usagovernmentspending.com shows American local governments spending $458.3 billion for K-12 education in 2012.
*(Sir Ken Robinson says this education system is a complete failure)
*The new education cost of $8000 education check to 50 million K-12 students is $400 billion per year
*This saves $58.3 billion
*(a $6000 check would save $158.3 billion)
*The yearly education check allows students(and their parents) to choose how, when, where, and what they learn, and also who teaches them
*The yearly education check of $8000 opens up a $400B/year market to entrepreneurs, teachers, and creatives
*($6000 check opens up a $300B/year market to entrepreneurs, teachers, and creatives)

State fiscal crisis solved, federal fiscal crisis solved, and the new education market leads America's economic recovery.

Thoughts everyone?

Related Talks:
Topics: Personalized Education Redistribution of Wealth creativity education learning social change
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  • Varlan Allan 10+

    • 0
    Jan 12 2013: Love this perspective. Teachers that are of good quality will get recognised and those who aren't fall by the wayside.
    I believe teaching just like any profession deserves a fair existence in the business world. I think people have gotten too comfortable with the idea of the government being responsible for educating their children. Imagine the savings. Imagine the quality increase.

    • Brock Hardwood

      • +2
      Jan 12 2013: Imagine if what you just said was actually true! It's not. Private schools, on average, have lower standards for their teaching staff. This saves them money, but doesn't lead to better education.

      • Petar Ivanov

        • +1
        Jan 12 2013: Education is about students and children(customers), not teachers(for-profit workers). Americans are getting DMV educations because the state has a monopoly on education.

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