What’s that smell? A defense of Pay for Success from the White House. | Fred Klonsky

What’s that smell? A defense of Pay for Success from the White House. | Fred Klonsky:

What’s that smell? A defense of Pay for Success from the White House

White House Director of Social Innovation, David Wilkinson and Department of Education Secretary of Policy and Early Learning, Libby Doggett.

When the Elementary and Secondary Education Act was recently reauthorized as the Every Student Succeeds Act (ESSA), it contained federal approval of Pay for Success.

We have written about Pay for Success here frequently, although it has gone unspoken by both AFT and NEA leadership, even as they swooned in fandom over ESSA.

Pay for Success is a social impact bond (SIB) that pays Wall Street investors like Goldman Sachs a bounty for every child that does not receive special education support.

Pay for Success is nothing less than a push-out program that then pays the bond investor a bonus for every child that is pushed out of special ed services.

And in an op-ed piece in The Salt Lake Tribune, Department of Education and White House officials praise Pay for Success as the second coming.

Libby Doggett is deputy assistant secretary of Policy and Early Learning in What’s that smell? A defense of Pay for Success from the White House. | Fred Klonsky: