Why do liberals like Obama say we need to invest in education when 80% of the budget goes to salaries?

80% of the typical school budget goes to salary, pension and health benefits for current and retired workers. How is paying bloated legacy costs considered an "investment"? If a Wall Street prospectus classified such expenses as "investment" the broker would be jailed for securities fraud. Are liberals so clueless as to what constitutes "investment" ? […]

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