The federal Charter Schools Program handed out $440 Million this year. Betsy DeVos uses this money as her personal slush fund to reward corporate charter chains like KIPP ($89 million), IDEA (over $200 million in two years), and Success Academy ($10 million). Originally, it was meant to launch start-up charters, but DeVos has turned it into a free-flowing spigot for some of the nation’s richest charter chains.

Last March, the Network for Public Education published its study of the ineptness of the Charter Schools Program, revealing that at least one-third of the charters it funded had either never opened or had closed soon after opening. About one billion dollars was wasted by this federal program.

Despite the program’s manifest incompetence and failure, Betsy DeVos asked Congressional appropriators to increase its funding to $500 million a year, so she could more efficiently undermine public schools across the nation.

House Democrats responded by cutting the Charter Schools Program to $400 Million ($400 million too much), but $100 million less than DeVos asked for.

Senate Republicans want to increase the funding for the destructive Charter Schools Program to $460 million, giving DeVos a boost of $20 million. The Senate Republicans added a special appropriation of $7.5 million for charter schools in rural districts. Is there a need for charter schools in rural districts that may have only one elementary school and one high school?

The best remedy for the federal Charter Schools Program would be to eliminate it altogether.

Charter schools are amply funded by the Walton Family Foundation, the Gates Foundation, Reed Hastings, Eli Broad, Michael Bloomberg, the Koch foundation’s, hedge fund managers, and a bevy of other billionaires on Wall Street and in Silicon Valley.