In a formula as old as government itself, we see a government created problem (it takes over student loans, college costs inflate, college debt burden increases) and now Hillary Clinton, in the guise of future government, offers a solution. Let’s make college affordable again (or, in other words, shift $350 billion of the cost to taxpayers).
Hillary Rodham Clinton will announce a $350 billion plan Monday to make college affordable and relieve the burden of student debt for millions of Americans, drawing on popular tenets of the progressive wing of the Democratic Party. …
At the heart of the plan, dubbed the New College Compact, is an incentive program that would provide money to states that guarantee “no-loan” tuition at four-year public universities and community colleges. States that enroll a high number of low- and middle-income students would receive more money, as would those that work with schools to reduce living expenses. Because Pell grants, a form of federal aid for students from families making less than $60,000, are not included in the no-debt calculation, Clinton anticipates lower income students could use that money to cover books, as well as room and board.
This is like Obamacare … just a step toward “free” college. Obviously, an estimate of $350 billion is likely to be woefully short of the real cost (they always are). And when the program crashes and burns, well, the next logical step (at least to “progressives” who have no clue about economics) will be to make college “free”, like many other “progressive” countries. Because, you know, wish it to be so and it will be so!
C. Ronald Kimberling analyzes the initiative:
Hillary’s plan for higher education violates so many principles of the Constitution, federal law, and economic common sense that it takes the breath away. In a nutshell, she would spend $350 billion a year to support public (i.e., governmental) colleges and universities with the proviso that a two-year associate’s degree would be “free” to students and a four-year degree would cause no one to have to incur student loan costs. In exchange for direct federal subsidies to the public colleges, states would be required to appropriate more funds for such colleges, Pell Grants could be used only for student living expenses, interest rates on existing student loans would be reduced to eliminate federal “profits” on such loans, and for-profit colleges would be subjected to even stronger regulations than at present.
Her plan is significantly more expensive than the ideas put forward by self-described socialist Senator Bernie Sanders. Constitutionally, this violates the 10th Amendment, and it also violates the Department of Education Organization Act. It also runs counter to fifty years of bipartisan tradition, stemming from the Higher Education Act of 1965, which settled a 1950s-60s debate about whether federal aid to higher education should focus on direct subsidies of higher education institutions or on portable, voucher-like assistance to students in favor of the latter alternative. It places unfunded mandates on the states, and it enhances a public higher education monopoly of government-run colleges over private non-profits and for-profits, both of which are completely excluded from this federal largesse. All this takes place at a time when technology and disruptive innovation are creating more alternatives to traditional post-secondary education than we ever had before. In short, she takes President Obama’s regulatory approach toward enhancing a public sector monopoly and puts it in warp drive. Even I am flabbergasted by the audacity and scope of this proposal.
Again, looking at Obamacare, we know Constitutional or legal limits are hardly an obstacle. She might have a bit of difficulty getting through a Republican Congress but that assumes a Republican Congress. Given their performance these last 2 years, you have to wonder. And you certainly have to wonder about the Supreme Court, if it ever got to that stage. They’d likely find a “right” to higher education somewhere in some mythical document (certainly not the Constitution) with John Roberts being the 5th vote for.
Sanders, of course, plans on taxing “Wall Street transactions” to pay for his plan. Clinton just plans to “close loopholes” – the catch all phrase for tax hikes. Most likely, they’d end up borrowing it.
One might wonder why, when we borrow 40% of the money the federal government spends, that we’re discussing a $350 billion plan at all for anything except defense. But if the government wants to spend money on education, perhaps a better target would be primary education, and a better plan would be school choice to better prepare students for higher education down the road. Perhaps we can teach them the real definition of affordable somewhere along the way, too.
Oh … and perhaps we can get the government out of the loan business and make it a competitive sphere again?
Yeah, that’s going to happen.
As you’ll see it’s as unachievable and utopian as all the other “clean energy” plans we’ve heard. In fact, IBD calls it a “farce”. And rightfully so.
Why? Well here are the basics:
Clinton says she has two big goals that she’ll start working on “day one” to combat climate change. First is to expand solar energy supplies by 700% by installing half a billion solar panels by 2020. Second is to power “every home in America” with renewable energy by 2027.
She describes these as “bold national goals.” The more appropriate label is “expensive pipe dream.”
Again, the latter description is more apt. Consider the goal of half a billion solar panels by 2020. That’s 5 years from now, folks. We all know that solar panels are a) expensive and b) don’t live up to their billing as to making us energy independent (well unless we are willing to carpet every sun touched surface on our house and property with them). So how will she accomplish this goal? Well, with your tax dollars (or borrowing) of course. Subsides, tax credits, outright grants, subsides to solar panel manufacturing and big government projects that install millions of panels in desert areas (Environmental impact? Only pipelines have that.).
My goodness, haven’t we done this before? And what’s that popular definition of “insanity”?
Also consider that perhaps the cleanest renewable energy, one that has contributed most to the use of renewable energy, is hydroelectric energy (46%). That source has been in decline due to pressure from environmental groups. We have less hydroelectric power now than we did in 2000. And that trend is likely to continue.
Biomass comes in second (9%) and is also in disfavor with environmental groups (greenhouse gasses).
That leaves three “renewable” sources – geothermal, solar and wind. Between the three, they currently contribute just “6.7% of the nation’s electricity capacity, according to the Energy Department.” In total, we have about 15% of our energy from all renewable sources. So you get an idea of how small the contribution of these three really are.
While Clinton didn’t say much about the other two, wind is a favorite of the renewable energy crowd. The problem with both wind and solar is the usual – powerful environmental groups oppose both. Especially groups concerned with the negative impact on wildlife they’ve demonstrated. It is no secret that both wind installations and large solar instillations are abattoirs for wildlife, especially birds.
So how likely is a President Clinton to see this bit of campaign positioning come to fruition? Well thankfully not very. It’s a slapdash bit of campaign nonsense. It is pure pandering with no hope of realization. It is the usual political campaign “policy” making that is all talk with no walk. It has no possibility of being realized and is just thrown out there to feed the base and keep them happy. It is the underpants gnomes in action.
It doesn’t even stand up to casual scrutiny. But don’t worry, her base has no reason for even casual scrutiny. If she said it, they believe it and that ends it.
Meanwhile, upon finishing her delivery of this devilish clever energy plan, she boarded her private jet and smoked off to her next destination.
It’s up on the podcast page. You won’t want to miss the engaging story about Dale’s testicles.
Hillary Clinton, Greek love, and tyranny can all be found in this week’s podcast, available on the Podcast page.
In which we hear the dulcet tones of Hillary Clinton’s speechifying. On the Podcast Page.
This week’s podcast is up on the podcast page. Hey, you know all these special snowflakes that have to retreat to safe zones when they hear speech that triggers them? One of them is gonna be president someday.
It’s a really good question, given we were apparently purposely lied too by the President and Secretary of State as to the “why” of Benghazi:
New documents obtained by Judicial Watch and made public Monday show that then-Secretary of State Hillary Clinton and other senior officials under President Obama were given intelligence within hours of the Sept. 11, 2012, Benghazi attack describing how it had been planned at least 10 days in advance “to kill as many Americans as possible.”
A heavily redacted copy of a Sept. 12, 2012, Defense Intelligence Agency memo to Clinton, then Secretary of Defense Leon Panetta, the White House National Security Council and the Joint Chiefs of Staff said “the attack was planned 10 or more days prior on approximately 01 September 2012. The intention was to attack the consulate and to kill as many Americans as possible to seek revenge for U.S. killing of Aboyahiye ((ALALIBY)) in Pakistan and in memorial of the 11 September 2001 atacks on the World Trade Center buildings.”
The attack “was planned and executed by the Brigades of the Captive Omar Abdul Rahman (BCOAR). BCOAR is also responsible for past attacks on the Red Cross in Benghazi and the attack on the British Ambassador, they have approximately 120 members.” Rahman is serving a life sentence in a federal prison for his role in the 1993 bombing of the World Trade Center which killed six people in New York.
The memo was labeled: “Information Report, Not Finally Evaluated Intelligence.”
“Not finally evaluated” but certainly much more plausible than some video made by some clown in CA. And per the memo, both Obama and Clinton knew this within hours of the attack.
So, what difference does it make? Well, quite a bit to anyone with an sense of morality about them. It points to blatant dishonesty to hide their incompetence. But to partisan hacks and the left, it probably doesn’t mean much that they stood by the coffins of the 4 slain in Benghazi and spun a web of lies.
Has that sunk in yet? Your former Secretary of State told you a bald-faced lie and now would like to be your President.
Tell me how she’ll be truthful about everything from now on, won’t you?
Oh, wait … emails …
I got a bit of a kick out of a John Fund article that asserted that Hillary’s Democratic backers were getting panicky about Hillary Clinton’s chances amid the current scandals.
Here’s where I got a bit of a laugh:
Democrats privately believe that the Clintons can recover from the e-mail and foundation scandals because it’s unlikely reporters will ever find a “smoking gun” that explicitly links foreign donations with public actions. But Democrats also know that other scandals may soon be unearthed. And if they do, not only will Hillary Clinton prove unable to establish herself as an “authentic” candidate, she also will establish herself as a pro at conducting an “authentic” cover-up.
Seriously? One more scandal? A few more scandals?
What IS the magic number? Please tell us.
Bill Clinton’s speaking fees go up and his speeches just happen to be in countries where the Secretary of State – that’d be Hillary Clinton – can help them get what they want. The foundation they both are a part of spends 10 to 15% of 500 million dollars on the charities it supposedly is fundraising for. The woman’s emails when she was Secretary of State are gone – well, except those she chose to have us see. And her emails about the foundation?
Private and on the same server that she willfully set up in contravention of a well known rule that required her to do her official business on her official email address.
But, you know, there’s no “smoking gun”.
Yeah, if you’re a crack addict with the IQ of a turnip.
These are the Clinton’s though, and there seems to be no end to the number of times this criminal gang is let off the hook. Laws, you see, are for the little people.
This week, we discuss the nation’s premier uranium salesperson. It’s up on the Podcast page.