To: TH who wrote (302757 ) 1/8/2011 3:52:43 PM From: BWAC Respond to of 306849 Interesting opinion article on educationksdcitizens.org In April, 1999, the Wall Street financiers at Merrill Lynch published a 193 page “In-depth Report” titled “The Book of Knowledge, Investing in the Growing Education and Training Industry.” Early in the report they noted: “The K-12 market is the largest segment of the education industry with approximately $360 billion spent annually or over $6,500 per year per child. Despite the size, the K-12 market is the most problematic to invest in today. Entrenched bureaucracies and personal and political interests contribute to the challenges facing this sector.” Public schools HAVE to fail in order to crack open this egg and give these financiers access to the $360 billion they are after (estimates are that it is around $700 billion today). ================================================ Reed Hundt, chairman of the Federal Communications Commission (1993-97), asked H.W. Bush’s Secretary of Education Bill Bennett to support legislation that would pay for internet access in all classrooms and libraries in the country. “I asked him to support the bill in the crucial stage when we needed Republican allies. He told me he would not help, because he did not want public schools to obtain new funding, new capability, new tools for success. He wanted them, he said, to fail so that they could be replaced with vouchers, charter schools, religious schools, and other forms of private education.” ================================================ So there are powerful forces who will ensure that public schools fail. There is no sense arguing to the contrary, there is over $700 billion to believe otherwise. The same greed by the same people that left the U.S. economy in ruins, with millions of ordinary people unemployed and in bankruptcy, will ensure that the U.S. education system is soon in the same condition. Public education has to fail, because that is “the way the world really works anymore.”