I’m watching Tuesdays news (catching up a bit) and at the moment ABC is talking about all the teachers being let go across the USA. ABC news points out that the feds contributed 97 Billion to states coffers with the intent to save teachers jobs in 1997 (stimulis money) and that it is estimated that this in turn saved 325,000 jobs.
Doing some simple math means that the Federal goverment spent 97B/325k = $298,461 for every job they saved.
Now think of this:
With the average teacher salary of a whopping 55,000 per annum and the jobs apparently lasting just 2 years (since the states are currently laying off almost all of the 325,000 teachers) that means that the individual states should have spent just 55,000 * 325,000 * 2 = 35B on those 325,000 teachers over the last 2 years.
Thats a tiny bit over 1/3 of the 97B …where the heck did the REST go ???
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