Monday, June 16, 2008

Do you much is spent on public education?

How much do you think was spent by our state, local and federal governments on all public elementary and secondary schools in 2006 in the United States?

A. 506 million dollars
B. 5.2. billion dollars
C. 50 billion dollars
D .5206 trillion dollars

The answer is D .5206 trillion dollars or 520.6 billion dollars. This is more money than the non-military discretionary spending of the federal government during 2006. In other words this is all the money spent by the federal government excluding entitlements, the military and interest payments on debt.

Hat tip to Pete the finance guy for directing us to Ross Perot's website . Visit Ross Perot's website for more very informative information regarding the education spending crisis.

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