@Disruptive Innovation

Of all global organizations, the U.S. Department of Defense boasts the highest number of people on its payroll, with around 3.2 million employees. Close behind are China’s Army (2.3 million) and Walmart (2.1 million). With nearly 100,000 public schools and an estimated 49 million students, the K-12 public education system, however, far surpasses all three combined.

The most recent census data shows that schools spend on average $10,500 per student over the life of his K-12 career. Granted, state and local districts foot the bulk of the cost, but the U.S. Department of Education‘s (ED) current $68.1 billion budget operates programs that serve public and private schools, from pre-school through university. Keep reading →

Financial reform and budget cuts often induce the government to get creative. Making the best of resources and doing more for less become pivotal when performance and taxpayer confidence is on the line, but how government goes about that can have mixed results, according to TARP regulatory observer Amy Poster and Deloitte government analyst, Bill Eggers (pictured.)

Both experts weighed in on the latest episode of the Federal Spending webcast late last month during which host Eric Kavanagh tackled two diverse expense categories that share at least one common thread: financial significance. Keep reading →