Forum Post: Please Sign My White House Petition for FREE TUITION for American Students
Posted 12 years ago on Dec. 7, 2011, 1:04 a.m. EST by RobertWoodsMann
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Here is my petition:
Please sign it and get others to sign it in order to get a public rsponse from President Obama.
Thank you
Robert Woods Mann
If it's free, who will pay the teachers, light bills and such?
I am for free tuition but for disciplines that actually improve the economy. Pumping out more Literature majors or sociologists doesn't make sense considering their lifetime income (including cost of education) tends to be less than a tradesmen.
We're already drowning in red ink, and you want to create yet one more entitlement that we can afford. Unbelievable.
ttp://wh.gov/jIq
I signed your petition Robert, and I pray you will share and do the same on my Civil Rights & Liberties petition to protect the patriot's that are protesting. Peace & Harmony.
Another hand out we can't afford as a country. I'm all for reduced tuition costs but not free for all.
Actually, it is possible to allow for Americans to go to school without the students paying for it.
You would create a sub-board of Directors of Education of the State under the Secretary of Education. Then, you would have all higher education send their budget requirements to the Directors of Education of the State for their State; included in the budget would be the attendance costs for tuition per student.
The Directors of Education of the State would forward this to the Secretary of Education. The Secretary of Education would hand this to the Board of Governors of the Federal Reserve, who would then provide a loan to the United States Treasury who then forward this to the Secretary of Education, who then forwards this to the Directors of Education of the State, who then disperse the funds to the colleges (etc...) as requested by the higher learning institutions originally.
The loan is not a problem, though it may strike you as one. The reason why it is not a problem is that the majority of excess earnings of the Federal Reserve go to the Treasury. Case in point, the Federal Reserve made 82 billion in 2010 and gave 79 billion of that to the United States Treasury.
So by taking out a loan of such degree, the United States Treasury is in effect increasing the amount of money they will be getting back from the Federal Reserve.
This is pretty much the same as the systems used by a "parent" company that owns another company and contracts that subsidized company for a service, but in the end makes more money than they are paying that company due to the subsidized earnings of that company. Or, to say it another way: If you are a Church and you pay someone in the Church money to mow the lawn, you know 10% of what you are paying them will come back into your tithing income (in an ideal world).
The difference here is that rather than a mild 10%, we're more talking about over 90% of the excess earnings go from the Federal Reserve into the United States Treasury.
Now, to make everyone's education worth something, you remove 40% of the business tax breaks that exist and replace it with a simple system. A business that hires a graduate receives a tax credit each year for an amount equal to that individual's cost of tuition for an amount of years equal to the time that individual attended college (etc...). If the individual self-employs, then they receive half the amount of their tuition in tax credit for twice the length of time they went to school.
This increases the Federal Reserve excess earnings, creates interest earning boosts to the United States Treasury, increases the funding income for higher learning institutions, and creates a competitive free market among businesses for job seekers (as opposed to job seekers fighting over jobs, jobs fight over job seekers so they can get tax credits).
So free, to the individual, education is quite possible without making it a pie-in-the-sky "handout". It's not a handout; this method positions free-to-the-individual-college to be a high interest earning long term investment on the United States Citizen.
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Yeah, I don't think this could work out, at least not right now. Higher education should definitely be better regulated; "for-profit" institutions that prey upon fresh adults and churn out crappy, irrelevant education should not exist.
No thanks.
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