Today’s version of “A chicken in every pot” is Hillary Clinton’s proposed plan to “make college affordable and available to every American.”
This is political catnip, pure and simple. And it is a more delusory form of catnip than Herbert Hoover’s “chicken,” for while everybody needs enough to eat, not everybody needs to go to college.
There is today an oversupply of college degrees.
A Federal Reserve study found that half of recent graduates were working in jobs that didn’t require a college degree or not employed at all. For Clinton to propose spending $350 billion to subsidize college attendance will exacerbate rather than reduce the glut of college-educated Americans.
To propose such wastefulness when federal debt already exceeds $18 trillion is fiscally irresponsible and a slap at American taxpayers. It will also increase the number of graduates experiencing disillusionment when they realize the lack of market demand for their degrees.
The increasingly overt socialistic nature of Clinton’s campaign theme is glaringly evident in her “New College Compact.”