Performance on the Scholastic Aptitude Test (SAT) was essentially unchanged for a dozen years beginning in 1952, but then it dropped by 8.0 percent from 1963 to 1980. Inflation-adjusted expenditures per pupil rose 83.8 percent during the seventeen years. Has there ever been a more tragic waste of money, spending almost twice as much per pupil and getting 8.0 percent less education in return?