|Senate Considering Bailout for Teachers|
|posted by: Colin | April 15, 2010, 02:23 PM|
Sen. Tom Harkin (D-Iowa) is sponsoring a bill that would spend $23 billion of federal taxpayer money to help schools prevent impending layoffs. This $23 billion would be on top of the $100 billion provided to states as part of the 2009 economic stimulus. The bill follows warnings from Secretary of Education Arne Duncan that budget cuts could lead to 100,000 to 300,000 layoffs across the country.
If $23 billion saved 300,000 jobs, they'd be at a cost of $76,666 each. For 100,000 jobs saved, the estimate Sen. Harkin uses, the cost per job is $230,000 each. Sen. Harkin also argues that the funding does not have to be offset with new revenue, as it is technically emergency spending.
In fact 12 states hired teachers when student enrollment fell and others more increased the number of teachers by a rate four or five times greater than the growth of student enrollment. New York also hired 9,000 non-teaching professionals, such as assistant principals and social workers.