Friday, January 9, 2009

Legislative Recommendation: Teaching Financial Responsibility in Schools, Senate Bill 126

Senator Brent Waltz of Greenwood has introduced Senate Bill 126 that would require that schools provide instruction on personal financial responsibility. While using our schools to teach "real life" issues can get out of hand, this is a good idea. So many people have no idea about the impact of paying interest or the need to reduce debt. Part of the current financial crisis is due to enormous consumer debt, built up not only with too much credit card debt but also homeowners who drained every ounce of equity from their homes and then some.

I would have hoped that these classes would have already been part of a high school curriculum. But if they aren't, Senator Waltz's bill would require that they be offered. It's a positive step, albeit a small one, toward addressing the issues that have lead to today's current financial crisis.

4 comments:

Diana Vice said...

This should be the responsibility of the parents, but unfortunately, too many of them are shirking their responsibilities.

Paul K. Ogden said...

True. But I think the parents are probably as ignorant as the kids.

Diana Vice said...

Especially if they're products of the government school system. We're creating a new generation of nanny goats.

Pete Boggs said...

We have a public school gaming system (a scratch off game played at obscure "public" meetings), not education. Self serving, mission perverted bureaucrats, manufacture failure & whore themselves as the solution, to support their habit, a klepto-addictiion to the EARNED DOLLARS of other people. Education is teaching people to think & problem solve for themselves (that self sufficiency thing. There's a conspicuous absence, of critical thinking, an inextricable component of education from kindergarten on; the scheduled obsolescence of vocationally insecure, mission impoverished, provincial, parasitic, bureaucrats. People who knead people (indoctrinate them), to believe they need bureaucrats, are not the luckiest people in the world. Unfortunately, the best option has been for citizens to move; to jurisdictions in which citizens control their own purse strings. Congratulations to the people of Noblesville in staving off, Marion county's IPS virus.