Editor's note: This post is a submission to Fordham's 2017 Wonkathon. We asked assorted education policy experts to explain how President Trump should structure his highly anticipated $20 billion school choice proposal. Other entries can be found here.
School choice advocates have long faced a bear market. For a couple of decades, their investments have shown slow and steady growth, but for confident investors it has been a tough grind waiting for an expected windfall. This year, the bear market looks to be turning, and with Trump’s promise of a $20 billion investment in school choice, the school choice bulls are ready to run.
However, any good investment advisor will advise diversifying because going big on any one push can end in disaster. The question for advocates should not be how to make fast gains on a $20 billion investment in school choice, but how to structure that investment to pay off in the long run.
First, some preliminaries.
1.) Let’s stipulate that a big federal push is coming. It is clear that Trump’s eye-popping campaign promise to spend $20 billion on school choice was not a thoroughly vetted proposal. But elections have consequences, one being that this...