False.

The US spends a lot on public education. A lot of it is inefficient due to highly politicized unions and top-level admins that pilfer the money out from benefitting ground level teachers and students.

https://www.manhattan-institute.org/issues-2020-us-public-sc...

> 1. Thanks to decades of increases, America spends more per student than any other major developed nation. U.S. per-pupil expenditures have nearly tripled over the past half-century, from $4,720 in 1966 to $13,847 in 2016 (2018 dollars). America spends more per pupil than any other major developed nation—10% more than the United Kingdom and 28% more than France; in the OECD, only Norway, Switzerland, and Luxembourg spend more.

  Per Pupil Nearly Highest in the World and in History

The U.S. spends 35% more per pupil than the average among countries in the Organisation for Economic Co-operation and Development (OECD).[7] Among those countries, the U.S. falls behind only Denmark, Norway, and Luxembourg.[8] In 2015, the latest year for which OECD data are available, combined primary and secondary spending in the U.S. reached $12,800, significantly higher than other major European nations such as the United Kingdom ($11,400), Germany ($11,100), France ($10,000), Italy ($9,100), and Spain ($8,300).

Similarly, we spend a lot on other social programs. But inefficiently.

This is due to both governmental inefficieny and rent seeking.