NYC Spends $42K Per Student — So Why Are Kids Falling Behind?

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Who wants to be a ma’am Donnie millionaire? This is right. This is for all you New Yorkers out there. You too could be a mom Donnie millionaire. There was a great scene in movie Beverly Hills Cop, the original one, when Axel Foley is at the art gallery for the first time, he’s talking to Serge and Serge is like, hey, I see you look at this piece. Oh, it’s a very important piece. And then he tells him the price and Eddie Murphy’s like, get the beep out of here.

Well, that was me. That was me yesterday when I saw what New York City spends, spends per student in the public school system. $37 billion to educate 850,000 children.

Okay, let’s play with a calculator real quick. Yeah, over $42,000 per child. Get the bleak outta here, yeah! $42,000 per child. Public school system. I’ve gotta give kudos today to, it was a great piece in the Wall Street Journal talking about this. was the head of Susquehanna, it’s a hedge fund.

and or private equity fund if you will. The results, the results this $42,000 a year.

No good. Let me ask you a question. You know, you’re parents out there. If you sent your kid to a school and you spent $42,000 of your private school and your kid couldn’t read or write, now granted, that’s your responsibility, but you probably wouldn’t be very happy. Two thirds of fourth graders can’t do math problems properly. Almost three quarters can’t read at a grade level.

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Well, and again, I, I can show you example here. I lived on Long Island for a very long period of time where they has some, let’s just put it this way, fricking awesome Catholic schools. Yeah. Okay. Don’t want to be offensive, but they’re freaking awesome Catholic school St. Anthony’s, Chaminade, Kellenberg. There’s a bunch of them outstanding. yeah, was 10, $11,000.

a Okay, and you see the physical plants at these places, fantastic athletic teams, fantastic academics, whatever, neither here nor there. Okay. This is the plan. Just listen to this idea. Okay. I wish I thought of this. didn’t, but this is freaking genius. Okay. How do we, we can’t really reduce. Okay. This is again, this is the reality that’s out there. And this is one of the great things about this piece is that

He admits, you know, we’re not going to be you know, we’re not going to reduce the amount of public education spending. It just doesn’t happen. Right. What do we do? Well, forty two thousand dollars a year. You tell every mom in New York City, OK, that’s that’s what they’re spending on your kid. What we’re going to do, we’re going do instead is we’re going to give you half twenty one thousand dollars, twenty one thousand dollars every year.

You are going to receive a $21,000 voucher for her child to attend any school that they want. Now, and this kind of goes along with my idea from years ago. We talked about this here on the program when we said, you know, you want to improve schools, you know, let the parents choose the schools and let the money follow the child. Anyway, $21,000. You choose where your kid goes to school. The other

$21,000 you’re going to actually put into an investment account where the child is the sole beneficiary. Now, let’s see. Let’s just pretend. Let’s just pretend you have a horrible, horrible investment advice and it returns a lousy 2 % over the next 13 years. That’s it.

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That child is going to graduate with high school with $300,000.

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Cover College.

That should cover trade school. That could cover, you know, you wanna do that, you know, maybe start a business, buy a home. Wow, look at that. Geez. Boy, that would help parents out, wouldn’t it? I think that that would be great. Now, again, again, you know.

I would love, I would love, this is genius, I would love for somebody to actually present this. Present this to a Democrat. Present this to a leftist and see what they have to say. Uh-huh, uh-huh. I mean, if you think about it, you think about it, this point that’s being made, every

Every mom in New York City is essentially a millionaire.

Right? Essentially a millionaire. Over the 13 years spending to educate her, you kids. Again, two kids, more than million bucks.

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Wow. Instead, you know, what happens, we all know what happens, the million dollars the teachers union is gonna take it from you and they’re gonna disperse it to who they like, create all sorts of administrative jobs that are nonsensical, union jobs, spend it on politicians and give you, for lack of a better phrase, how shall I put it, a shit education.

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$21,000 voucher, send your kid to whatever school you want, and then $300,000 for that kid when he or she graduates.

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Present it. Present it to any lib out there. Just see what they have to say. I want to see what their argument is against us. And again, you have one, love to hear it. Watchdogonwallstreet.com.