Tag Archives: economics

Free College

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Hillary wants to rein in the rising cost of a college education.

States would have to increase their own spending on higher education, and universities would be required to control spending[.]

With those strings, Clinton would send an additional $350 billion of your tax money (including your higher taxes she’s proposing to pay for some of this) over the next 10 years to the states for their public universities and community colleges.

And

…new rules would ensure a certain portion of total spending is directed to instruction….

How like a Progressive to think the answer to stopping a rise in the cost of a thing is to spend more money on the thing. And then to add to the cost of the thing with compliance cost imposition.

Can our nation really afford another four or eight years of this lack of understanding about how a free economy works?

A Proper Rejection

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The New Hampshire Executive Council has refused to allow the expenditure of $640 thousand on the State’s Planned Parenthood facilities. Councilor David Wheeler (R) said,

You can’t divorce what’s going on nationally from Planned Parenthood of Northern New England and we need a real investigation[.]

If the State legislature intends to do the right thing, it will follow the Executive Council’s example and reallocate those $640k to other women’s health centers. If the legislature chooses not to, it’ll be supporting the arrogance of Jennifer Frizzell, Vice President for Public Policy at Planned Parenthood of Northern New England:

Today’s decision will have a direct impact on New Hampshire women and their families,” Frizzell said in a statement. “Without these funds, PPNNE will be forced to cut direct program costs, which could mean shortening health center hours, eliminating staff positions, and reducing patient access to affordable care.

Because Planned Parenthood is the only women’s health facility in all of New Hampshire. The Concord Feminist Health Center, Joan G Lovering Health Center, Weeks Medical Center, who are getting roughly $360 thousand out of the cool million that the State had appropriated, and other facilities don’t exist.

Crony Capitalism

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Here’s an exchange between Senator Rand Paul (R, KY) and Donald Trump (Business Mogul) during Thursday’s GOP debate.

“I gave to many people before this,” Trump said at the debate today. “When they call, I give. And you know what, when I need something from them two years later, three years later, I call them. They are there for me.”

His comments came in response to an attack from rival Sen Rand Paul.

“You’ve donated to several Democratic candidates. You explained away those donations saying you did that to get business-related affairs,” Paul said. “And you said recently, quote, ‘when you give, they do whatever the hell you want them to do.’”

“You better believe it,” Trump responded.

In the end, then, we’ve got a crony capitalist who wants to be President of all the crony capitalists.

Hmm….

Another Thought on SEC “Courts”

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The SEC runs its own courts as it looks to punish those it has decided have engaged in civilly, if not criminally, wrong doings. As I’ve written before, the SEC brings its cases, appoints and pays the judges who’ll adjudicate the cases, and it has first say on any appeals.

In just such a case, an accused person facing a flipped witness (one to whom the SEC has made certain blandishments regarding is own misbehaviors in return for his testimony against a fellow misbehaver) is worried about the effects of those blandishments over the course of his trial.

Critics…worry that key safeguards on the use of cooperators in criminal cases are lacking in the SEC’s administrative courts, where the agency…[has] the power to decide what to fine the cooperator after he or she testifies.

The agency’s multiple roles strike at the “fundamental fairness” of its hearings, violating the checks and balances required by the constitution, [accused’s’] lawyers said in a court filing.

Because the SEC is in an even better position—its in-house position—to effectively “encourage” proper testimony from its “cooperating” witnesses than are prosecutors in actual State or Federal trial courts.

Naturally, the presiding SEC administrative judge demurs.

The SEC in-house judge overseeing the case rejected this argument, saying it was an “attack on the administrative framework” of the SEC’s internal tribunal.

Well, NSS. It’s a valid attack, too, against a tribunal sorely lacking in fairness, much less due process.

“Gig” Economy Workers

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These unfortunates are exploited by evil startup companies. Or so say unions, plaintiffs’ lawyers, and Democrats looking to maintain the dependency of others on them in government.

In the last year such companies as Uber, Lyft, HandyBook, Instacart, Postmates and Try Caviar have been slapped with lawsuits arguing that they have misclassified workers as “independent contractors,” which aren’t covered by most federal and state labor regulations.

Another startup, Homejoy Inc, has shut down because it couldn’t raise its next round of capital due to such suits.

The nuisance suits also demand such union froo-froo as

…backpay for overtime, workers compensation, unemployment insurance, unpaid meal breaks and business expenses. Homejoy was accused of not providing 30-minute meal breaks every five hours.

All of these things, all of the gig economy businesses, give initial or additional income to the folks doing the work. The business model also threatens the viability of unions and Democrats while representing money-making opportunities for the plaintiff’s lawyers, so it’s open season on these companies.

Never mind that the income these folks earn is more than the zero income they’ll earn after they’re priced out of jobs by unions; the startups that gave them their gigs have been closed down by plaintiffs’ lawyers looking for a fee, eliminating those gigs, and Democrats’ labor rules have made it the more difficult for startups to start.

None of that matters. All that matters is union and Democrat power and those fees.