Yesterday, at a news conference featuring New York Senator Hillary Clinton and Iowa Governor Tom Vilsack, the Democratic Leadership Council (DLC) unveiled “a bold new plan” for American higher education. The American Dream Initiative would “award states $150 billion over 10 years to reduce tuition and increase graduation rates”; consolidate several federal tax breaks into “a single, refundable $3,000 college tuition tax credit”; and bolster “accountability” by instituting federal price controls.
What terrific, bold ideas these are! First, plow even more government money into a system that has grown obese on taxpayer funds, then throw government “accountability” on top of it, creating a groundbreaking socialist blend of wealth redistribution and government control!
Of course, in reality there’s nothing bold or new about anything in the DLC’s proposal; politicians have been dumping huge loads of money into higher education for decades, and proposing price controls for years. No, far from being “bold,” the American Dream Initiative is just another disgusting attempt to buy American votes by politicians who believe that a big enough dollar sign, wrapped in just enough lofty rhetoric, is the key to political power.