Bill Gates 3, How state budgets are breaking US schools

TED 2011
Bill Gates 3, How state budgets are breaking US schools (script)
Summary
Do you care about your country budgets? We need to care about them more. They're important. They're big money but they get very little scrutiny and the understanding is very low. In fact, most of them leaves deficit but liabilities are building up. The budgets lose their balance but there are many trick.
They come from the fact that certain long term obligations which mean the age structure that are health care, early retirement and pension. These mis-accounting things allow to develop over time, it led to a big problem. And then, the worst thing is not to be improved but education spending is cut.
However, education spending is the key for our kids and our future. You should not think that it's short term interests. The investment in the young, that makes us great. After all, it'll contribute us in the future. Repeat, we need to care about state budgets because they're critical for our kids and our future.
Also in Japan, this problem is improved more, because Japan faces aging of the population.
Words in this story
liability / responsibility,  duty.
liabilities /  debt, debit, deficit.
scrutiny /scru・ti・ny/skrúːṭəni/ survey,  observation