Education and Government Budgets in Israel and US - Bernard Avishai, TPM Cafe

This column was published in yesterday's Haaretz. It was prompted by a warning sent around by university presidents to their faculties that Treasury officials have put them on notice: budgets would be cut, and last year's agreement with the professors will likely be put in jeopardy. The point is specific to Israel, but not only to Israel. The misunderstanding about how to perform public accounting for investments in education apply to every American state government.