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Watch this Ted Talk. Do you agree or disagree? Support your opinion with our learning to
date.
After watching the video, I agree with Bill Gates’ that the United States needs to make a
commitment to increase educational spending for younger generations. In recent years,
state governments have been making significant cuts to state education in an effort to work
to reduce the United States’ 10% deficit per year. Bill Gates argues that the long term
equity from spending on education and healthcare far outweighs the equity from spending
in other governmental areas.
Gates’ solution to the problem is simple. His first proposal revolves around the idea of
upgrading our tools and technology. In a country that spends more on education than most
other countries, his ideas here are well deserved. Next, Gates believes that accounting for
schools should be closer to Generally Accepted Accounting Principles and should be clear
and honest. Gates argues that the current accounting method for schools follows a “buy
now, pay later," mentality. And, finally, Gates preaches that Politicians should be rewarded
for their efforts to reduce the deficit.
States have used many different methods to hide their ‘budget balancing’ accounting
practices. Moreover, in future years, educational spending is projected to go up,
perpetuating the already monumental educational budget deficit. This ongoing ‘debt clock’
should raise red flags to State Legislators to this systemic problem. Unfortunately, the only
