A report from the Arizona State University's "University Economist" compares Arizona to several small nations. http://president.asu.edu/files/AZ%20Nations%20Report%20073109.pdf One primary finding is that "Education spending as a share of GDP, adjusted for the share of children in the population, is below the norm of the comparison group in Arizona. Only Ireland, Singapore, and the UAE spends less than Arizona." This seems to make the case that less spending on education improves standards of living. During the period examined, 1982-2007, Singapore, Ireland and UAE had among the highest rates of growth of all countries. Consider the following graph which shows standards of living in Mexico, the United States, and Ireland in 1850, 1900, 1950, 2000, and 2006. The point here is how rapidly Ireland grew. If you examine the wealthiest nations in the world you will find Singapore and Hong Kong listed.
Perhaps Arizona needs to reduce expenditures on education.
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