Paul Krugman: Nationalize Education

Hey, why not? We seem to be nationalizing everything else these days.

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In today's NYTimes, Paul Krugman does accurately identify a growing problem, that of governors raising taxes (usually) and cutting spending (less so) to deal with budget shortfalls. "50 Herbert Hoovers" is how the headline describes the situation. But toward the end, he offers that Uncle Sam should pick up the tab for education spending, both now and in the future:

An educated population is a national resource. Why, then, is basic education mainly paid for by local governments, which are forced to neglect the next generation every time the economy hits a rough patch?

I am starting to lose count here. Nationalize finance. Nationalize autos. Nationalize housing. Now it's nationalize education. I am starting to detect a trend ...