With over $ 6 trillion in new spending proposed or already passed amid mounting inflationary pressures, Biden has taken to swiping the USA’s overdrawn credit card like a man who knows he won’t be around to pay it off.
With this much money sloshing around Washington, I wouldn’t blame you if you’ve missed a little-discussed but incredibly dangerous proposal from the Biden administration to spend another $ 225 十亿.
Ostensibly, the goal of this proposal is to subsidize child care for American families. A noble enough ambition at face value, especially as the U.S. birthrate plummeted to its lowest rate in over a century and well below replacement level. Our leaders 应该 be focused on helping American families to have more kids and we 应该 orient our policies to making that more affordable.
But not like this.
Taking the expression “from cradle to grave” to a completely new level, Biden’s proposed child care plan is a bureaucratic disaster, creating an all-new government entitlement: The Department of National Child Care.
The myriad financial problems with this proposal are predictable: the creation of yet another public sector union; the tragic punishment of stay-at-home parents who would not be eligible to receive subsidies; and the price tag of $ 225 billion is also just a fanciful guess since there’s no cap on enrollment.
The plan is also chock full of perverse incentives that will assuredly drive the price much, much higher. As the Wall Street Journal puts it:
“…capping out-of-pocket payments at 7% of income would obliterate healthy economic incentives. Once they hit that limit, families choosing a child-care option would have no reason to consider costs. Get the upgrade, since it’d be on Uncle Sam. Child-care providers would have little reason to economize, since upselling would be an easier path to revenue… Once Mr. Biden juiced demand, prices would only go up.”
But then again, this is a Democrat proposal, so of course the math doesn’t add up. What concerns me most plan is that this plan will result in an all-new vector by which the left will indoctrinate an entire generation into adopting big government collectivism.
Consider the teachers’ unions as exhibit 1A. Crystalized in light of COVID-19, these unions have proven to be bastions of radicalism. They have succumbed to COVID “safetyism,” forcing mothers to stay out of the workforce because the unions refuse to allow schools to reopen until their ridiculous demands are met. They have also championed the mass adoption of the bigoted critical race theory, the anti-American 1619 项目, along with Ibram X. Kendi’s (born Ibram Henry Rogers) very racist “anti-racism” 训练.