How to Lower the National Debt: Early education investment versus business tax incentives

With election season in full swing, we have all heard a lot about plans to lower the national debt. There are lots of strategies being proposed, and talked about, but none have focused on investing in high-quality early education as a way to decrease the debt. In his 2011 book, Investing in Kids, Dr. Timothy Bartik analyzed just how effective investing in high-quality early education can be. In his analysis, he found that high-quality early education investments will reduce the national debt more effectively than business tax incentives (a strategy that is often discussed) will.

In the long-term, national investments in high-quality early education could boost the size of the national economy by almost 2 percent equating to:

  • over 3 million more jobs
  • almost $1 trillion in increased annual gross domestic product

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s