while the education budget is less then 70 billions: https://en.wikipedia.org/wiki/United_States_Department_of_Ed...
The US is regularly on top of the OECD for spending per student in school. The idea that it doesn't spend much on education is one of those bad memes that never goes away.
[1] http://www.usgovernmentspending.com/us_education_spending_20...