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Bloomberg Television

Do we need the Department of Education? #shorts #wallstreetweek 🤓

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the Department of Education is responsible for a lot of funding for higher education and K12 education actually about 75% of the department is focused on higher education through the form of financial aids pel grants support for college and university students the rest of the house is focused on uh Elementary and secondary education through Title One funding and the office of special education American public schools receive only 11% of their funding from the federal govern government but the Lion’s Share of money coming from the Department of Education has nothing to do with K through 12 Public Schools it goes instead for college educations when you look at it through a competency lens it has failed utterly at its at its Mission look at the national assessment of educational progress scores today versus back at the time of its Inception I think it’d be a great object lesson to the country if we actually stop doing anything federally that’s important you would see as I sometimes glibly said you’d be amazed how much government you’d never miss you would not miss you’d hear the screams of the uh clients and recipients of the money but the average person um would not see uh any difference in their lives and that might embolden the country to support other um trimming and reductions and modernizations of the kind we really need

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