Who doesn’t like free money? | Editorial columns

Who doesn’t like free money?  |  Editorial columns

The Biden White House wants to get this big spending bus rolling long enough to get money flowing as if it were falling from the sky. This spend-athon counts on finding just who loves free money now, knowing well that high price will eventually be paid later by our children, grandchildren, and even soldiers fighting later battles with outdated weaponry, once interest on the national debt becomes twice the size of our national defense budget. Remember Head Start? Well-intended but still struggling to justify its costs. But Democratic leadership in the White House and Congress can count. The recent U.S. Census will cost seven states a Congressional district and member due to population losses in California, Illinois, New York, Michigan and Pennsylvania — each predominantly blue states. Red-leaning states losing a seat are Ohio and West Virginia. But gains are coming to Texas (2), Florida, Montana and North Carolina, as well as Colorado and Oregon. Democrats control the U.S. House by only four seats. The urgency of this White House is in part driven by the belief that they don’t have a lot of time. Cradle to grave government assistance may sound and even feel good, but while we can always crank up the printing presses at the U.S. mint, public and private resources in fact are not unlimited. Who doesn’t love free money? I don’t. The price is simply too high.

Having a daughter who is an educator, recent mother of twins with a difficult pregnancy and nine-weeks premature births, I have watched my daughter and son-in-law cheerily struggle with the realities of limited maternity and sick leave, reduced income in a currently one-income household and offering to assist where possible — as well as their deliberations over upcoming child care, as Barclay returns to the workforce. Yes, free pre-K in a few years, subsidized or free child care and eventually, free community college for the twin Mighty Mites sounds great, but we’re not so thrilled about the mortgage-sized debts we would be saddling each of these boys with before their first day of day care. The current spending proposals average out to $85,000 in debt for each living American in their ‘fair share’ of the national debt additions these programs will bring on. Now, a trillion here, a trillion there and pretty soon you are talking about some real money. But hey, who doesn’t love FREE money? Universal free Pre-K. Free community college. Significantly subsidized child care for all, 12-weeks of paid family leave for each parent or caregiver in a household, and the list goes on.

My daughter and her son-in-law are both frugal. They have a savings and spending plan. Prior to her pregnancy, Barclay was working three jobs. She still works part-time and has a modest home-based business. When she returns to the workforce full-time, they have already done extensive research on day care providers, and thankfully, Georgia is a state which later offers Universal Pre-K, funded by the Georgia lottery. I am not suggesting that several of the president’s objectives for this spending are not worthwhile goals for America to seek improvement on — access to quality child care, community college as well as universal Pre-K are three of the main spending pillars of the American Families Act. But there is no prior example that we can site where creating/investing billions in a massive new federal government program has actually driven down costs in the marketplace of almost any service or commodity. In fact, the opposite case is easily proven.

Source thebrunswicknews.com Bill Crane is a senior communications strategist who began his career in broadcasting and has worked at the state capitol and in Washington in both political parties. Contact him at bill.csicrane@gmail.com.

The News Highlights

  • Who doesn’t like free money? | Editorial columns
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News

Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Compsmag - Latest News from tech, business and health