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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?

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  • Jan 23 2013: In CA, there are approximately 180 school days. Divide your $8,000/year by 180 and you have $44/day or about $889/month for 9 months. This includes food, transportation, sports, extracurricular activities, etc.

    Now i'm going to exaggerate for simplicity sake, but hear me out. What if I get a gym membership for my kid which would cost $50/month, but since I want to make sure he shows up and at least is present, I pay for an additional attendance service of $10/month. I want my kid to emphasize math and since I am a math whiz, I take on the task of teaching my kid math in the evenings. For geography, social studies, chemistry, biology, etc; I sign my kid up to take proctored tests that might cost $100/month and I give him internet access (he's going to be better doing the research anyways) and he'll find the lessons himself. Since I believe that he should have a good quality social life, I help organize LAN parties for him and friends, talk with other parents and have our kids develop extracurricular activites. As far as text books go, most subjects that are below the graduate school level, have good and FREE pdfs available online since the basics of the sciences don't change, and the social sciences and arts are very much free online anyways. Finally, for those parents that feel their children are going to surpass them in education, there will be a default curriculum that outlines what is suggested for someone to be financially successful.

    Again, this is extremely simplified, but I think a voucher system would work well as long as it was in dollars and/or there was a loosely defined way of allowing the kids and parents to have educational options.

    source - http://californiawatch.org/k-12/majority-states-largest-districts-shrink-school-calendar-amid-budget-crisis
    • Jan 23 2013: Greg,
      Fantastic assessment using gym memberships as a pricing model. That takes care of the Physical Education class quite easily too. Many gyms have computer terminals. Group your child up with two or three friends, and the purchasing power gets them a daily personal trainer likely to be versed in the topics of health & fitness, first aid, and nutrition. "I'll drop my kid off at the gym on my way to work, $50/month" Brilliant.

      Science at the gym is easy, it is a playground for Newtonian mechanics.
      -Galileo's rolling balls down incline benches using dumbbells
      -Pendulum experiments by suspending barbell weights from the squat cage
      -Pulleys with the weight lifting machines

      I agree the system needs to be cash into the hands of the parents and educational freedom, no strings.

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