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Mar 31B2B CFO

Are Our State and Federal Government Budget Cuts Appropriate?

Mar 31B2B CFO

This year many state and local governments, as well as the federal government, are feeling the true impact of the Great Recession.  One of the impacts of any recession is a lagging decline in revenue for government entities.  This can be tracked through out history and should not be a surprise.  The reaction and areas that are being cut are a surprise to the populace of the country at large.

At a time when the United States is falling behind other developed countries in the level of education as indicated in a 2010 study by the Organisation for Economic Cooperation and Development the United States was ranked 17th in educational attainment in the World.  So at a time when we are falling behind in educational attainment is it a good idea at all levels to reduce funding for education.  There are numerous examples of cuts in education being debated today.  One that was reported yesterday related to California Community Colleges.  They are faced with a budget reduction in the coming year amounting to $ 800 million (that’s $800,000,000.)  To absorb this reduction they are planning on reducing enrollment by up to 40,000 students and increasing enrollment fees by 38%.

Is this really the direction we want our country to take.  Not me.  If we are to remain competitive in World markets we as a country must find a way to improve our education system and not look at it as purely dollars and cents.  There will be untold numbers of newly graduated teachers that are entering the education system that will be forced to find other avenues of employment.

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