What price tag says, “Enough?”

deutsch29

In 1983, the Reagan administration published the now-infamous report, A Nation at Risk, a report that declares the American education experience is “eroding” due to “a tide of mediocrity.”

Here are the opening sentences of that report:

Our Nation is at risk. Our once unchallenged preeminence in commerce, industry, science, and technological innovation is being overtaken by competitors throughout the world.

The report was published 31 years ago.

In 1983, the US had 13 billionaires.

In 2014, the number of US billionaires has risen to 492.  Thus, in 2014, our “nation at risk” has almost 38 times the number of billionaires it had in 1983– the most in the world by far.

(Inflation doesn’t even come close to accounting for the proliferation in American billionaires. One billion dollars in 1983 converts to $2.38 billion in 2014. 242 of the 492 2014 US billionaires still qualify as billionaires…

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