Texas to Lay Off 100,000 Teachers but Pump Millions Into Formula One

Good magazine's education reporter, Liz Dwyer, is miffed at Texas' misplaced priorities.

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Formula One racing (Google)

Good magazine's education reporter, Liz Dwyer, is miffed at Texas' plans to slash education budgets and lay off almost 100,000 teachers, all while agreeing to pay $25 million per year through 2022 to Formula One auto racing. According to Dwyer, "Investors are 'building a 3.4-mile (5.5-kilometer) track to bring the event to Austin, and the $25 million government handout from the state will subsidize the costs Formula One will incur."

Clear Channel Communications is one of the main investors. Co-founder B.J. "Red" McCombs told Bloomberg News, "Formula One race in Austin next year will spur $300 million of spending," and building the "$242 million track, which has begun, is projected to add 1,300 temporary jobs and pump $400 million into the economy."

All of this sounds good and dandy, but Dwyer cautions listeners to pay attention to what's really happening: A total of 100,000 teachers are being laid off while millions are invested in a sport enjoyed by extremely wealthy people.

Can you say "misplaced priority"? Dwyer is calling foul on the play, as she should. Cutting jobs in education to save money should be a last resort; cutting jobs in education while funding entertainment -- especially for folks who can afford to actually travel to see it in other places -- is absurd.

The great divide between the haves and have-nots is being orchestrated by the haves, while the have-nots are getting pushed further into the ground. Hopefully they won't lay off too many math teachers, because this decision just doesn't add up.

Read more at Good.

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