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How state budgets are breaking US schools - Bill Gates

2013-03-09

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View full lesson: http://ed.ted.com/lessons/how-state-budgets-are-breaking-us-schools-bill-gates

America's school systems are funded by the 50 states. In this fiery talk, Bill Gates says that state budgets are riddled with accounting tricks that disguise the true cost of health care and pensions and weighted with worsening deficits -- with the financing of education at the losing end.

Talk by Bill Gates.


Why We Need to Care About State Budgets Big Money. Little Scrutiny. Critical for Kids & Our Future
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2010 US Spending Federal, State, and Local 36% of GDP
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2010 US Revenue Federal, State, and Local 26% of GDP
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Borrowed from taxpayers by withholding 110% of taxes due.
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Deferred school payments, requiring local schools to borrow in credit markets.
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