This 13-year-old article uses two anecdotal data points to arrive at a conclusion that reinforces the Cato Institute's preconceptions. The only certain conclusion that can be drawn is that spending more money does not always improve education. Hardly a revelation, and hardly a basis to make public policy decisions on.

Not that I disagree with your point about Cato Institute's bias, but this mashup http://www.datamasher.org/mash-ups/spent-student-and-sat-sco... of SAT scores vs expenditure per pupil would suggest that more money != better education.