The Crisis | Only 35 percent of American high school seniors are proficient readers. Only 23 percent are proficient in math. Nationwide, only 74 percent of ninth graders graduate within four yearsand that number drops to about 50 percent for black and Hispanic students. Twelve percent of American high schools are dropout factoriesschools where less than 60 percent of freshmen even make it to their senior year. It comes as no surprise, then, that America lags far behind other developed countries when it comes to schooling: Among large industrialized countries, America ranks last in educational effectivenessdespite spending the most.
The conventional wisdom says that our schools could be dramatically improved with better funding. If we would only invest in education, the argument goes, our children would have a better futureparticularly in urban areas, where leaky roofs, under-qualified teachers, and outdated textbooks are all too common
And so the last few decades have brought an explosion of education spending, enthusiastically approved by local school boards and state legislatures and generally supported by taxpayers. Thats the moral cover under which our public school system wastes and steals billions of dollars every year.
New Jersey offers a dramatic instance of this corruption and improvidence. After New York, no other state spends as much per pupilbut the Garden State has very little to show for its investment. Spending can exceed $400,000 per classroom, and yet only 39 percent of the states eighth-graders are proficient or advanced readers, and only 40 percent of its eighth-graders are proficient or advanced in math. Of new high school graduates attending the states community colleges, nearly 80 percent require remediation. More than three quarters of New Jerseys high schools have been warned that they may be placed on the states list of failing schools. And the problem is not one of inadequate funding: Some of the worst schools receiveand squanderthe most money.
This costly, unconscionable failure forms the subject of The Cartel.