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Showing posts with label free education. Show all posts
Showing posts with label free education. Show all posts

Friday, June 7, 2019

Nothing Is Free But It Sure Sounds Good, Until You Realize You Have Given Away Your Freedom


Voters should ask, What exactly is the cost of “Free” under Socialism?


The GOP’s Duty: Explain the Cost of ‘Free’
Republicans can’t outbid Santa Claus, but they can make the case for honesty, liberty and aspiration.
www.israel-commentary.org
Redacted from article by Bobby Jindal
Wall Street Journal May 30, 2019
Progressives are changing the Democratic Party’s focus from building stronger safety nets for the disadvantaged to subsidizing everything for everybody. Whereas Barack Obama once appeared radical for subsidizing health-care costs for the middle class as well as the poor, Democrats now promise free college, free health care and more—for everyone. 
Republicans can’t outspend Democrats, but they can make the case for freedom and against the idea that everything is “free” without sounding like Scrooge.
The Republican ideal isn’t penny-pinching but an aspirational society. The American Dream is to get a good job and live better than one’s parents; becoming dependent on government is the American nightmare. Even Howard Schultz, the man who brought America $5 coffee, realizes promises like Medicare for All are unrealistic and too expensive.
Yet Republicans have to do more than mock the Green New Deal’s bans on air travel, targeting of flatulent cows and subsidies for those unwilling to work if they want to persuade young voters of the case for limited government and personal freedom. Many Americans remember the Great Recession but not the Reagan Revolution, and they may find the false promise of government-provided economic security tempting, not having seen a better alternative.
In reality, “free” means more government control at the expense of consumer autonomy. When progressives promise government will pay for health care and college, they are really saying government will run medicine and higher education. Medicare for All explicitly calls for the abolition of private health insurance. Whereas Mr. Obama falsely promised that Americans who liked their plans could keep them, progressives now say if you like your plans, too bad.
Progressive health, education and energy policies would result in government interference in larger parts of the economy, affecting more people’s lives in profound ways. Consumers have a hundred choices of coffee but won’t be able to choose their health plans. Government paying for college would result in even more political interference with academic freedom. Progressives admit they want government to take ownership stakes in the projects mandated by their energy plan.
pastedGraphic.pngpastedGraphic.pngIt is one thing for Ford to tell consumers they could have any color Model T, as long as it was black, and quite another for government to tell citizens they cannot choose their health plans. Consumers and workers rightfully resent their decreasing bargaining power against large, sometimes oligopolistic companies, but the answer is not to consolidate power further in the hands of an even less responsive government bureaucracy. 
The correct response to reduced competition is more capitalism, not less. The way to resist consolidation in corporate America is to enforce existing antitrust laws and, especially, to reduce the regulatory pressures that cause consolidation in the first place.
“Free” means less efficiency, more expense and lower quality. While progressives highlight the unpopular aspects of private insurance, they won’t tell voters the private sector is more likely to promote innovation without concern for lobbyist-armed special interests and rent-seekers. Think of how long it took for the federal government, via Medicare, to pay for prescription drugs, ambulatory surgery and other outpatient services. It already takes tens of thousands of pages of regulations to administer Medicare, whereby the government sets thousands of prices in thousands of counties for millions of beneficiaries.
The top-down, one-size-fits-all Industrial Age approach is especially ill-suited to the constantly changing health care and education sectors. Hence the popular support for Medicare Advantage, charter schools, Veterans Choice and other programs that empower consumers with more control and harness the efficiency and creativity of the private economy to deliver public benefits.
“Free” means robbing from America’s children. It is one thing to take money from the present-day wealthy. It’s another to take it from future generations. Despite proposed marginal rates as high as 70% or even 90%, none of the tax plans Democrats have put forward would raise nearly enough revenue to pay for the promised spending. It is immoral for adults to force their children to sacrifice their quality of life and pay higher taxes to subsidize today’s spending. Good parents sacrifice to give their children more opportunities. This is the opposite.
Progressives aren’t willing to let America’s $22 trillion debt slow them down. Rep. Alexandria Ocasio-Cortez objected to Congress’s pay-as-you-go rule, already honored more in the breach than in the observance; and progressives have conveniently discovered a monetary theory that allows them to ignore deficits and simply print whatever they want to spend.
Republicans have lost credibility on fiscal responsibility. Spending vastly increased on their watch. Even so, Medicare for All’s $32 trillion price tag makes even today’s appropriators look miserly. Republicans must remind voters—and themselves—that deficits are a drag on the economy, with interest payments crowding out private investment and government spending. It wouldn’t hurt for the GOP to act as if deficits matter when they govern, not merely when they’re in the minority.
Republicans can’t outbid Santa Claus. Americans are willing to work hard and sacrifice for a better life but need to know how pro-growth policies benefit them. Voters may be tempted by progressives’ crazy plans because they desperately want more affordable health care, reasonable tuition costs and a sustainable environment. They will embrace effective market-based solutions that promote freedom if Republicans offer them, but voters will only wait so long.
Mr. Jindal served as governor of Louisiana, 2008-16, and was a candidate for the 2016 Republican presidential nomination.

Friday, May 10, 2019

If Democrats Pass Their Plans, It Will End The US As We Know It

Democrats’ ‘Medicare for All’ plan won’t screw just the ‘rich’

WASHINGTON — Thirty trillion dollars, even in U.S. budget terms, is a lot of money.
That’s the rough estimate from some analysts of the 10-year cost of Sen. Bernie Sanders’ “Medicare for All” plan, just one of many expensive social programs that some of the 21 Democrats seeking to replace President Donald Trump have proposed.
To pay for those programs, the candidates have focused on taxing the rich. But many of the plans they’ve put on the table would require across-the-board tax increases that would hit middle-earners as well as the wealthy, public policy analysts say. None more than Medicare for All.
Raising the more than $30 trillion needed to fund Sanders’s health plan over a decade would require doubling all personal and corporate income taxes or tripling payroll taxes, which are split between employees and employers, said Marc Goldwein, a senior vice president at the nonpartisan Committee for a Responsible Federal Budget.
“There is a lot of money out there, but there isn’t $30 trillion sitting around from high earners,” he said. “It just doesn’t exist.”
Sanders has backed the concept for years, and when he proposed similar legislation in 2013 it attracted no co-sponsors. But when he offered his Medicare for All legislation in April, 14 other Democratic senators signed on, including Kamala Harris, Cory Booker, Kirsten Gillibrand and Elizabeth Warren, four of his rivals for the Democratic nomination.
Still, many Democrats have balked at the price tag for Sanders’ proposal. The $3 trillion estimate annual cost for Sanders’ plan compares with the $582 billion cost for Medicare in fiscal 2018, and would be a substantial addition to the current federal budget of about $4.4 trillion.
Other Democrats, while generally favoring a way to provide universal health care coverage, are pursuing scaled-back versions, such as a “public option” that would allow people to buy into Medicare or Medicaid, but not do away with private insurance. Harris, Booker and Gillibrand also are co-sponsoring one of the alternative plans.
Warren has also touted public relief of college debt — $1.25 trillion — and subsidizing child care — $700 billion, while former Rep. Beto O’Rourke has proposed creating new programs to combat climate change for $5 trillion — all while promising to lower middle-class taxes.
Democrats have defended the tax increases needed to pay for their plans by promising the brunt would be borne by top earners or that most Americans will end up paying less overall than they do for those services currently.
“You’re going to pay more in taxes,” Sanders said at a CNN town hall last month. “But at the end of the day, the overwhelming majority of people are going to end up paying less for health care because they’re not paying premiums, co-payments and deductibles.”
Even though the government would have to increase payroll tax rates from the current 15.3 percent to about 45 percent to fund Medicare for All, the average family would see their tax burden increase about 2 percent to 3 percent, said Ernie Tedeschi, a managing director for research firm Evercore ISI. Payroll tax bills are split between employees and employers.
Sanders hasn’t yet said how he plans to pay for his proposal to transition to a government-run system that covers hospital visits, primary care, prescription drugs, vision and dental. His plan offers benefits more generous than many receive from private insurance and those currently on Medicare.
In 2017, he released a paper that includes several options, including a wealth tax, a bank levy and having employers and employees pay premiums — a cost he recently said people wouldn’t face under his plan. This list, however, only comes up with about $16.2 trillion worth of tax increases, half of what is needed.
The Congressional Budget Office says in a May report that of the $3.5 trillion spent on health care in 2017, slightly more than half came from public sources, including both federal, state and local funding.
The cost to provide health care for approximately 330 million people living in the U.S. comes to roughly $10,000 a person annually. But a middle-class family of four, for example, isn’t going to be expected to pay an extra $40,000, making the financing politically challenging, said Chuck Blahous, a senior research strategist at the conservative Mercatus Center.
“It seems unlikely that every person in America will have to pony up $10,000,” he said. “The funding options look ugly and unrealistic.”
Sanders is not alone in shying away from campaigning on big tax increases. Several of his Democratic rivals have proposed plans with price tags that extend into the trillions of dollars that don’t advertise where the money is coming from to pay for them.
O’Rourke has a $5 trillion plan to reach net-zero emissions in the next 30 years to be funded by unspecified tax increases on corporations and the wealthy. Harris has proposed to repeal the entire 2017 Republican tax law and replace it with a $2.8 trillion plan to direct refundable tax credits to low- and middle-income families.
Warren has taken the opposite tactic. She’s proposed two large new levies — an annual wealth tax on households worth at least $50 billion and a 7 percent corporate surtax on companies with more than $100 million in profits. She says those new taxes will pay to make child care universally accessible and to eliminate college debt for millions of Americans.
However, those programs cost a fraction of what a large health care overhaul would amount to. The money is out there, but it can’t come from just the wealthy, Tedeschi said.
“Raising the amount of revenue for these programs is a surmountable challenge. The key here is figuring out what the distribution of the burden is going to be,” Tedeschi said. “It’s not going to be easy or cheap to transfer it from the private sector pocket to the public sector one.”
— Laura Davison
Bloomberg News

Thursday, May 21, 2015

Bernie Sanders Wants More Free Stuff. This Time It Is A Free Education. When Will The Libs Find Out There Is An End To The Golden Goose?

U.S.
MARK WILSON / GETTY IMAGES

Bernie Sanders unveils plan for tuition-free public colleges

Presidential candidate's proposed legislation would fund free public education through tax on Wall Street transactions

Sen. Bernie Sanders’ plan for making public college tuition more 
affordable is relatively straightforward: He wants the government to
 pay for it. All of it.
On Tuesday, the Democratic presidential candidate and independent
 senator from Vermont introduced legislation intended to eliminate 
tuition fees for undergraduates at all public colleges and universities. 
Annual tuition costs at those institutions add up to roughly $70 billion, 
would require the federal government to compensate for two-thirds 
of that sum, with the states making up the additional third.
“It is a national disgrace that hundreds of thousands of Americans
 today do not go to college, not because they are unqualified, but 
because they cannot afford it,” Sanders said Tuesday at a news 
conference. “This is absolutely counter-productive to our efforts 
to create a strong economy and a vibrant middle class. This 
disgrace has got to end."
College tuition costs have skyrocketed since the middle of the 
This has forced each successive generation of students to take 
on ever-increasing debt: The recently graduated college class 
highest of any time in U.S. history.
As a result, college affordability has emerged as a major policy
 issue in Washington and on the 2016 campaign trail. Hillary 
Clinton, the presumptive presidential frontrunner in the 2016 
Democratic primary, will reportedly soon announce her own 
President Barack Obama has tried to get ahead of the issue as
 well, introducing a proposal in January to offer students two
 years of free community college. Sanders described that plan 
as “an important step forward” — but not all that needs to be done.
Sanders’ proposal has little chance of succeeding in Congress, 
but it provides him with another opportunity to contrast himself 
with Clinton and potentially to exert some leftward pressure on 
her campaign platform. Since announcing his presidential run 
late last month, Sanders has also introduced legislation intended 
to break up “too big to fail” banks. “Too big to fail” is a delicate 
favored candidate in the Democratic race.
Matthew Chingos, research director at the Brookings Institution’s
 Brown Center on Education Policy, said Sanders’ proposal for 
tuition-free public colleges is “obviously a political messaging 
tactic.” Chingos questioned whether making public colleges free 
across the board was the best way to make them more accessible 
to low-income students.
“A lot of affluent families send their kids to college. A lot of 
college students are from families that can pay,” he said. “So do 
we want to make it free for everyone, to make it accessible for 
kids who can’t pay? Or do we want to have a program that’s 
more targeted, more progressive?"
The federal funding for Sanders’s proposal would come from a 
tax on financial transactions. Stock trades, bonds, and derivative
 trading would be taxed at rates of 0.5 percent, 0.1 percent, and 
0.005 percent, respectively. Supporters of the financial transaction 
tax, which they call the “Robin Hood tax,” say it is not only a 
progressive way to raise revenue but would also discourage 
dangerous levels of Wall Street speculation.
A recent report from economist Joseph Stiglitz and the Roosevelt
 Institute, intended to provide a comprehensive framework for 
reworking American economic policy, endorsed a financial 
transaction tax as a way to “penalize short-term traders and
 incentivize longer holding periods, thus reducing instability and
 encouraging longer-term productive investment."

Friday, January 30, 2015

Two Years Of Free Junior College Education Is NOT Enough For This Administration, Now They Want Four Years Of Free College! Are They Idiots Are Just Plain Stupid?

Biden: Four Years of College ‘Should Be Free’

Also notes he entered office "with the fewest assets... Seriously. I assume they were talking financial, not other."
by
NICHOLAS BALLASY
January 29, 2015 - 11:04 pm
Vice President Joe Biden said four years of college should be free, rather than two years of community college.
“We’ve been ahead of the curve, except now people are catching up, no other country in the world had universal education for 12 years, including Great Britain, for the first quarter of the century and only until recently have they started that in China and other countries. Nobody has the great research universities we have,” Biden told the U.S. Conference of Mayors in a speech at the organization’s winter meeting.
“So what’s the next logical move to stay ahead of the curve? 14 years. If I had my way, and could figure out how to pay for it, there should be 16 years; college should be free.”
President Obama previously announced a plan to offer two years of community college for free.
Sacramento Democratic Mayor and former NBA player Kevin Johnson, president of the U.S. Conference of Mayors, introduced Biden at the event, calling him “the hardest man in Washington” by mistake.
Biden, a former U.S. senator from Delaware, said he could not have his way because four years of college would be “tougher and more costly.”
Biden added that middle-class individuals often list the cost of education as one of the “greatest priorities that would change their lives.”
“If you’re like me, living on your salary and nothing else, try sending your kid to college. You get it, you get it,” Biden said. “When I did my financial disclosure statement, which I do every year as vice president, the Washington Post had a headline: It’s probable that Joe Biden enters the office of vice president with the fewest assets of any man in history. Seriously. I assume they were talking financial, not other,” Biden said to laughter from the crowd.
Biden, whose wife, Jill, is a professor at Northern Virginia Community College, said his financial situation is not the result of living on a government salary his whole life.
“I made the mistake you should not make. I said to my three children, ‘any school you can get into, I’ll help you get there,’” he said.
Biden told the audience 12 years of free education is not enough to compete in the 21st century.
“You all know, 12 years is not enough anymore in the 21st century of free education. No matter what your politics are, you know that’s true,” he said. “You know why we’ve led the world industrially and in terms of innovation for the past century? Because a bunch of states back in the late 1890s, starting with New York and Massachusetts and others, said, ‘you know what, we’re going to have universal education in our states, 12 years free, no matter how long it takes you,’” Biden said to laughter.
“I’m serious, because if you said 12 years and you’re out, we would be in a very different place,” he added.
Biden called on Republicans to work with Democrats to pass infrastructure legislation. He also pitched the Obama administration’s plan to offer early childhood education tax credits to qualifying families.
“This isn’t a social program to be nice to – this is an economically productive initiative so that’s why we did the $3,000 childcare tax credit,” he said.
Referring to 2012 Republican presidential nominee Mitt Romney, Biden recommended looking at “tax expenditures that have no productive value” as a way to pay for the early childhood education program.
Biden also argued for a higher capital gains tax.
“Trust fund folks are good folks; the last thing they need is another $210 billion dollars. I’m not joking, seriously,” Biden said.E