When it comes to ed-tech funding, a palpable gloom has been squatting over Washington, D.C., and it's getting tiresome.

Not only does President Bush want to cut billions from next year's education budget, but the feds also want to force colleges and big districts to spend up to $7 billion to help the feds tap internet phone calls over school computer systems (see page 10).

With new accounting rules, the feds will require schools to report future payments for health and pension benefits as current liabilities, a prudent


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