Posted on Aug 11, 2015
Clinton proposes $350B College Affordability Plan
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http://www.foxnews.com/politics/2015/08/10/clinton-touts-350b-college-affordability-plan/
I can't tell if the $350B is a one-time cost, the cost for the program across the FYDP, or an annual cost.
I don't expect this new government (taxpayer) spending has a corresponding cut anywhere, so it either means more taxes or more public debt.
I like the idea of trying to control the ever-growing costs of college, but I'm not sure this even addresses controlling costs.
I can't tell if the $350B is a one-time cost, the cost for the program across the FYDP, or an annual cost.
I don't expect this new government (taxpayer) spending has a corresponding cut anywhere, so it either means more taxes or more public debt.
I like the idea of trying to control the ever-growing costs of college, but I'm not sure this even addresses controlling costs.
Higher Education
Economy
Politics
Posted >1 y ago
Responses: 27
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The more we subsidize colleges the more it's gonna cost.
How about we start to tax colleges?
How about we start to tax colleges?
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Come on here, nothing is free, especially with politicians. We all pay in the end!
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CSM William DeWolf
Absolutely! She has no idea what she is talking about and has a different definition for what is "affordable"! How can you spend 350B and call that affordable?
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MCPO Roger Collins
The only positive aspect to this redistribution of wealth is that the people that would get the benefits of our "government" largesse is they will be paying it back once they graduate, if they do. Put in on the $18T+ tab and pay the interest later. Say, isn't that what got us into the mess in 2007?
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I have two firm beliefs on this subject:
1. Mrs Clinton is clearly pandering for votes. This had no chance in Congress. The target audience is young people who are flocking to Senator Sanders, who made a proposal last week making College "free" for everyone. Watch it die as soon as the election is over, if not sooner. I seem to remember President Obama making similar, if non-specific, noises back in 2007.
2. College cost have skyrocket BECAUSE of government subsidies. The market would never bear the burgeoning cost of tuition if there wasn't Pell grants, free rides for students that meet certain litmus tests, and easily available credit for everyone else. My own alma mater, the University of Minnesota, just can't stop building Taj Mahal buildings with dubious usage and utility in the name of "attracting" students. Why do they want more students in a school that has an enrollment of over 50,000? To justify more buildings, of course. The place is constantly under construction, making nearly impossible to navigate. The State just can't help itself, dumping millions more in ever-increasing taxpayer subsidies. When the legislature balks, the U of M threatens double digit tuition increases. It is a cycle. I could say the same about healthcare, prison systems, and civic construction. The schools lost focus on their mission of educating kids long ago.
1. Mrs Clinton is clearly pandering for votes. This had no chance in Congress. The target audience is young people who are flocking to Senator Sanders, who made a proposal last week making College "free" for everyone. Watch it die as soon as the election is over, if not sooner. I seem to remember President Obama making similar, if non-specific, noises back in 2007.
2. College cost have skyrocket BECAUSE of government subsidies. The market would never bear the burgeoning cost of tuition if there wasn't Pell grants, free rides for students that meet certain litmus tests, and easily available credit for everyone else. My own alma mater, the University of Minnesota, just can't stop building Taj Mahal buildings with dubious usage and utility in the name of "attracting" students. Why do they want more students in a school that has an enrollment of over 50,000? To justify more buildings, of course. The place is constantly under construction, making nearly impossible to navigate. The State just can't help itself, dumping millions more in ever-increasing taxpayer subsidies. When the legislature balks, the U of M threatens double digit tuition increases. It is a cycle. I could say the same about healthcare, prison systems, and civic construction. The schools lost focus on their mission of educating kids long ago.
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1SG (Join to see)
I guess the Affordable College Act acronym was already taken by a law that was equally affordable...
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