On the recordMay 22, 2002
That money is going to stay there. Matter of fact, it has been growing rapidly. It will probably continue to grow at a pace that is higher than the rate of inflation. And as my colleague well knows, as we have worked together on the subcommittee dealing with oversight on the Committee on Education and the Workforce, up until the last year or so the folks at the Department of Education here in Washington, who get $40 billion per year, could not even get a clean audit. Tells you how much they think about the money. But we have a better system, or an ancillary or companion system to that bureaucratic model, that bureaucratic model that funnels about $40 billion from Washington, trying to get it down to our children but losing about 30, 35 cents of every dollar, and that is what we call an education scholarship plan, or an education investment plan. This is where the taxpayer, the person making the living and contributing to growing the American economy, the person that really makes America special, the person who goes to work each and every day, that person having the capability of saying our public education system in our community is a great public education system, they have some special needs, and I want to give them some money.
Source
govinfo.gov




