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The problem isn't really the amount of money so much as the use of that money. First, we have to take into account that the US has a lot more kids to educate than any other country (save China) with first tier public education system. This tells us two things. So logically we will have to spend more. As for the question at hand though. The problem is that most of the money goes to already wealthy metro schools and not to urban or rural schools. The money also goes to the wrong places. Our teachers are ill-payed, we have overcrowded class rooms in many urban areas, and our admistrators are overly paid. What we simply need to do is create a base minimum that would go to each school in America, create a higher, more competitive, teacher minimum wage, then after paying that amount out divide the remaining education budget allotted to schools by the number of students in America and compensate each school accordingly. However, this isn't likely to happen in the near future as the wealthier schools don't want to give up their niceties and the parents of the students who attend said schools are the power brokers here in the states.
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"The courts that first rode the warhorse of virtual representation into battle on the res judicata front invested their steed with near-magical properties." ~27 F.3d 751
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