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  • The Private Sector Can’t Keep Bailing Out the Public Sector

    The House of Representatives just passed the $26 billion education “jobs” bill by a vote of 247-161.  The money will be split up with $10 billion going towards state and local workers in public education.  The other $16 billion will go to state Medicaid payments.  Speaker Nancy Pelosi had called members back from the August recess in order to pass the “emergency” piece of legislation.

    The public sector has been thriving at the expense of the private sector. Over at Jay Greene’s blog, Matthew Ladner displays the chart (click on it to enlarge) put together by the Rockefeller Institute comparing the two sectors. So how much longer can the private sector continue to bail out the public sector?

    Speaker Pelosi said in a press conference following the vote that the three most important issues facing the Congress are “our children, our children, and our children.”  If that were truly the case, she would have questioned the wisdom of propping up the public education sector by placing even more debt on future generations.

    Michael Wille is a member of the Young Leaders Program at the Heritage Foundation. For more information on interning at Heritage, please visit: http://www.heritage.org/about/departments/ylp.cfm

    Posted in Education [slideshow_deploy]

    5 Responses to The Private Sector Can’t Keep Bailing Out the Public Sector

    1. Billie says:

      Why does Pelosi insist on insulting "her children?" "her children?" "her children?" She keeps ignoring the issue is FAILED education which means failed teachings which makes teachers failures. And more money has proven to be wasted, for more money.

      Government should be the first to sacrifice since it isn't their money!

      Really Pelosi, I am so grateful to God you are not my parent. Keep your pathetic speak to yourself. GOVERNMENT IS AN INTERFERENCE OF FREEDOM! PRIVATE SCHOOLS ARE DIGNIFIED AT LESS COST.

    2. Cliff, MA says:

      I think you mean the Public Sector can't keep bailing out the Private Sector.

    3. Tim Az says:

      If you want to understand Pelosi's statement that the children are the congress' most important issue. You must be able to view the statement from her perspective, which is that it is vitally important that government enslave our children through debt in order to save our children from their own ignorance for their desire to determine their own destiny.

    4. Greg Clements, Round says:

      Cliff,

      I think you are confused…the public sector is almost ENTIRELY funded by the private sector (other than the money it prints of course). Therefore, all money that the government spends was either confiscated from the private sector, borrowed (to be paid back by further confiscations from the private sector), or printed (therby deflating the value of private sector savings and investment). So even though the money may end up in the hands of individual medicaid recipients, it originated from someone else's earnings in the private sector.

    5. Billie says:

      Yeah, you're right. I should've said " why does Pelosi insist on insulting her and her husbands children."

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