Obama Wants Universal Preschool

0 Posted by - March 5, 2013 - Big Brother, Economics, Money, Politics, Social Issues

Michael Boskin, former chairman of the Council of Economic Advisers under George Bush 1, in a WSJ op-ed identifies some of the programs Obama wants to push through in his second term:

President Obama’s most recent prescription for economic growth—more government stimulus spending, new social programs, higher taxes on upper-income earners, subsidies for some industries and increased regulation for all of them—is likely to have the same anemic results as in his first administration[...]

Mr. Obama proposes universal preschool ($25 billion per year), “Fix it First” repairs to roads and bridges, plus an infrastructure bank ($50 billion), “Project Rebuild,” refurbishing private properties in cities ($15 billion), endless green-energy subsidies, and a big hike in the minimum wage. The president and Senate Democrats also demand that half the spending cuts under sequestration be replaced with higher taxes.

Source: Economic Policy Journal.

No comments