Feb. 4, 2010
Well, I checked the facts, and the Politico was correct. I only doubted the reporting due to the massive amount of President Obamas proposed increase in education spending. Could it possibly be true? Tuesdays February 2nd Politico column by Eamon Javers and James Hohman on the newly released proposed federal budget contained this text on one of the Winners Education:
Obama calls for ramped-up education spending. Department of Education outlays would increase from $32.4 billion in 2009 to $71.5 billion in 2011. Obama puts money into a laundry list of initiatives, from a $1.6 billion increase in child care funding to making permanent the expansion of Pell Grant payouts.
He has sought to please his supporters in the powerful teachers unions by pushing to rework the unpopular parts of Bushs No Child Left Behind Act. Now hes trying to put $3 billion more into K-12 education generally, with up to an extra $1 billion if Congress reworks the education system in the way he wants this year.
If you look at the 2011 budgets section for the Department of Education (pp. 63-68), go to page 68 and look for the line entitled Total, Outlays. There one finds that the actual 2009 budget for the Dept of Education was $32.409 billion and that the projected amount for 2011 is $71.479 billion. By my calculation that is a 121% increase in two years.
I am not an expert on direct loan programs, but on the same page the figures for disbursements increases from $100.7 billion (2009 actual) to $135.0 billion (2011 projected) a 34% increase over two years. This Congress wants to enact a statute to federalize the student loan programs, so the budget contains this gobbledygook comment: This measure would then use savings to make historic investments to increase college access and success, and would lay a foundation for success for Americas youngest children. What does that mean? $$,$$$,$$$,$$$.$$ Good grief.