https://amgreatness.com/2020/05/15/the-coming-upheaval-in-education/
There is no way to sugarcoat it. The economic impact of COVID-19 will take its toll on education funding. The National Education Association is in full freak-out mode, “calling for an additional $175 billion to stabilize education funding—the $30.7 billion authorized thus far is not nearly enough.” The California Teachers Association echoes the $175 billion figure and adds that it should be part of a $1 trillion pay-out in the next CARES Act.
Referring to the 2008 recession when class sizes increased and teachers were laid off, United Teachers of Los Angeles President Alex Caputo-Pearl insists, “We cannot go back to that.”
We are currently the second-highest spending nation in the world, pouring more than $700 billion a year into education. Where do the unions think the additional billions of dollars are supposed to come from? Capital gains, withholding, corporate, and sales tax revenues are going to take a huge hit, and you can only print so much money before it becomes worthless.
As such, education is going to have to make do with less. The question then becomes, how best to manage the cuts?