That's simply ill aligned with the facts.Same as with health care, it is not the money that is the problem. It is the distribution of the spending.
The ruling class does not understand that it is in the countries best interest to have everybody educated to his/her ability. The ROI is staggering if you do a business case. Canadians also do not get it, so there.
Education spending in the US is massive yet the results are poor, not because of the level of investment. If we can ever move beyond the "throw money at it" argument we can start to address the real issues.
OTB