“As former Secretary of Labor, I'm concerned as anyone that our public school and public university budgets are being decimated. As the New York Times reports, ‘the 2010-2011 school term is shaping up as one of the most austere in the last half century.’ More teachers are being laid off, more schools are being closed, more programs are being cut.
One way to reverse this is to mobilize the public to push the federal government to make up for the shortfalls. We bailed out Wall Street until it was back on sound footing. We should bail out public education until state and local revenues are back. After all, the nation’s human capital is as important to our future as its' financial capital.”