Mr. Right Wrote:
Feb 06, 2013 12:18 PM
Education is of the utmost importance. However, education spending is a public sector expense. As such, the money either comes from the private sector in the form of taxes or from public debt [a tax that must be paid in the future]. The private sector must generate enough wealth to be profitable for entrepreneurs and to fund public sector expenditures. When the private sector doesn't create enough wealth, we go into debt. Education spending, when the country is deeply in debt, will only increase the debt. The only answer is to free the restraints on the private sector economy so that enough wealth is created to fund the public sector.