More recently it's been only more of the same, only several factors greater. Here's something Star Parker references that deserves a wider reading in a remarkable, must-read column, "Obama Wants More of What's Not Working":
According to information recently published by Face the Facts USA, a nonpartisan project of the George Washington University School of Media and Public Affairs, over the last decade the federal government spent $293 billion and states spent a combined $5.5 trillion - money targeted to improving academic performance - with no discernible change in reading and math scores. "A quarter of high school seniors don't meet basic reading standards and a third fall below basic math proficiency," Face the Facts USA reports.
Throwing money at education may make those who get the money better off, but there is little, if any, evidence that it makes any difference at all in improving academic performance.