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The federal bailout allocated $150 billion for education – a 2-year commitment that should have doubled the current funding for local schools. While it would certainly be too early to notice significant gains in education, as new hirings and new investments would likely occur this summer, one might expect to see, at the very least, a static picture in light of the recent funding boost. But we see the opposite: schools are in a frenzy to keep their doors open, teachers are losing their jobs, and special projects are being eliminated.nnSo why, then, does the education system seem anything but static if there is so much money being graciously pumped into the system by the federal government? Why have California, New York, Pennsylvania, and Arizona announced profound decreases in education spending, despite receiving education funding relief from the bailout? Many states are following suit. In the midst of the boldest federal commitment to education since World War II, educators are running for the hills instead of celebrating. More results like this http://www.punditpolitics.com/a-political-economy/public-education-money Tags:myriadfrenzyspecial projectslocal schoolseducation systemeconomic crisislocal educationlocal governmentsyork pennsylvaniaspecialty programsstate financeseducation fundingbailoutfederal commitmentjustice departmentsband aidsworld war iistate budgetsbudget proposalsinfrastructure initiatives