The role of federal funding for public education Click for full graphic Public education is dominated by non-federal money. Ninety cents of every dollar comes from state or local sources, derived largely from property taxes. But what federal spending on education lacks in size it makes up for in considerable influence over education policy. While … Read more
Reining in Earmarks Won’t Reduce Spending Much, But It’s a Good Place to Start Harvard political economy professor Benjamin M. Friedman was seated at a meeting at Boston’s Emmanuel College in what he considered a “terrific, new state-of-the-art building” when Congressman Michael E. Capuano (D-Mass.) shared a surprising fact about the facility in which they … Read more
The high deficit preys on the minds of federal financiers; as “recession” and “downturn” become everyday terminology, talk of diminishing and cutting programs increases. While other areas of the federal budget hit the proverbial chopping block, one sector remains relatively safe from the discussion: scientific and medical research spending. While a few projects, such as … Read more
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