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How will giving more money to schools help the economy
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Democrats want to use the big spending package designed to jump-start the staggering economy to send billions to long-term programs to help poor and disabled school children.
President Barack Obama's recovery plan amounts to the biggest increase ever in federal money for schools. Many Republicans say it is not a short-term boost but an immense expansion that will be impossible to roll back.
In short, the President thinks giving money to education will stimulate the economy and opponents feel he is trying to increase long term funding to schools.
So I guess my questions are:
1. Will giving money to schools improve the economy?
It will prevent education cuts that are currently happening
It could fund more jobs in education such as teachers, and help people in science and math fields who have lost their jobs transition to an education in teaching.
The money could be used to purchase technology for schools. Purchasing technology could help put more money into the economy.
The stimulus package includes building and renovating schools, which will certainly help to rescue the construction industry which is quickly fading.
2. Will this increased amount of money help schools in the long run?
Money will be given to students seeking higher education, helping them secure jobs, and preventing job losses in higher education.
According to Politico.com
Public colleges would share in a portion of the construction funds. But the chief increase for higher education would be through Pell Grants, a major priority for House Appropriations Committee Chairman David Obey (D-Wis.) and Sen. Edward Kennedy (D-Mass.), chairman of the Senate Education and Labor Committee.
That leaves me with another question. If Pell Grants will increase the amount of people getting a higher education which will in turn help our economy, why should these expenditures be rolled back later?
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