Political Quotes

On the recordMarch 22, 2013
a federal budget outlines our priorities as a Nation. On both sides of the aisle, we should be able to agree: We need to be wise about our Federal investments. We should be investing in what works--in what gives us the biggest bang for our buck. For decades, study after study has shown what parents already know-- that quality early education is foundational for success in school and life. Quality early education can help kids enter kindergarten ready to learn and avoid falling behind. Later in life, kids with quality early learning are more likely to avoid crime or teen pregnancy. They graduate high school and college, avoid poverty, earn more income, and pay more taxes. That is more revenue for our long-term fiscal picture. We want to cut unnecessary public spending? Kids with preschool are less likely to need public services--from assistance for needy families . . . to prisons. For a generation, long-term studies have found that investing $1 in quality early learning brings a return on investment of between $2 and $17 after a generation. In Hawaii, a study for Good Beginnings Alliance found we would get $4.20 for every dollar invested. Nobel prize winning economist Jim Heckman did the math over a full lifetime. He estimates an average 7 to 10 percent return on investment per year. In the private sector, business leaders would do anything for a return like that. On Wall Street, you can't get a long-term return like that in the stock market.…
Said by
Mazie Hirono
Democratic · Hawaii

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