Leftists Want to Soak Taxpayers to Make College ‘Free’
Progressives just don’t understand that nothing is free and that someone always pays. Either that or they just don’t care.
Check out this report from Eric Owens at the Daily Caller.
Brilliant Leftists Solve College Tuition Problem: Just Institute Price Controls, Soak Taxpayers
Now that America’s college graduates (and college dropouts) are under-employed by the millions and awash in $1.2 trillion in collective debt, skyrocketing tuition prices over the last four decades are finally receiving some political attention.
A liberal nonprofit group believes it has found the solution: Just make in-state public colleges free for academically-qualified student from families with a household income lower than $180,000 per year. The innovative solution also involves burdensome price controls.
The nonprofit, Redeeming America’s Promise, is inspired by tiny nonprofit programs such as The Kalamazoo Promise, according to National Public Radio.
The Kalamazoo Promise program provides funding up to 100 percent for any graduate of the city’s public schools who attends state colleges and universities in Michigan.
The Kalamazoo Promise is “funded entirely by a small group of anonymous donors,” according to its website. Taxpayers are not involved.
Redeeming America’s Promise would not rely on anonymous donors. Instead, it would involve a very convoluted set of federal transfers and new federal regulations.
The group claims the massive new entitlement program would come from the money that currently pays for Pell Grants and certain tax credits.
The group would do away with Pell Grants and those tax credits, exchanging one pile of taxpayer-funded stuff for another pile of the same taxpayer-funded stuff.
Brilliant Leftists Solve College Tuition Problem: Just Institute Price Controls, Soak Taxpayers (The Daily Caller)
Comments
It’s always fun to look at the incentive effects of any new idiotic leftist proposal.
Obviously, one big incentive effect here would be for high-income parents to cut their work hours and/or restructure their pay. Want to see what mass early semi-retirement of the most productive workers does to GDP?
And what they do NOT want to do is deal with the real problem: Colleges have grown fat on the “free” money (free for them) from the Gov’t.
Instead let’s try one of two solutions:
We make financial circumstance illegal to consider in admissions.
Then:
1) We make it a flat cost system of $10k a year – and the college can “fix their business model” (as they of the communist mind set seem to espouse) like those “evil corporations” are supposed to do.
They can take the $10k and cannot charge even 1 dime more.
They have accepted the student, and they must now accept the $10k and take no more.
We’ll call it the “Affordable College Act” or ObamaEd.
2) We have the colleges co-sign all the student loans – they keep telling us that these good kids DESERVE and education, and that education is a RIGHT.
They can put their money where their mouths are and stop sticking it to these young folks.
#####################@
But, golly, and gee, and whiz – I somehow don’t think our institutions of higher learning will like the idea of “free” education when it’s their wallets funding all this free stuff.
Posted this to my FB – along with my comment. Hopefully it raises awareness.
So, basically, we will be paying for all the illegal aliens to go to school, from cradle to grave.