Just ask Republican Governor Rick Snyder of Michigan whose "Reinventing Michigan" program is already demonstrating positive progress.
How did Governor Snyder engineer turning a $1.5B deficit into a $450M profit---also depositing $255M into the Michigan's "rainy day" fund---in record time?
- He repealed the Michigan Business Tax, replacing it with a 6% corporate income tax.
- He terminated the double tax on small businesses.
- He created a stable business environment, providing certainly that allows businesses to thing and plan for the long term.
Snyder's balanced budget led to Fitch to upgrade Michigan's outlook to "positive." Bloomberg has reported Michigan as having the second fastest economic recovery in the United States.
Excellent news, no?
Well, guess what?
The Washington Times reports that Democrats in Michigan have proposed yet another "first-of-its-kind" entitlement program!
Dubbed "the 2020 Plan," the entitlement is estimated to cost at least $1.8B/year by offering some students free tuition throughout their undergraduate careers at Michigan's 15 public colleges and universities. Awards are based on how long students have lived in the state. For example:
- Those who attend K-12 years in Michigan schools would be eligible for the full amount of the average tuition rate across the state's higher education system (currently $9.5k).
- Students attending a public college with tuition rates above the average tuition rate would be responsible for paying the difference.
The Chair of the State Senate Education Committee, Republican Senator Phil Pavlov, said:
There's no shortage of people coming to the door with ideas of how to spend that additional money. It just seems like another social program. There's this presumption out there that Michigan is flush with additional revenue, but I don't know where [Democrats] plan on coming with an additional $1.8 billion every year.
The proposal's co-author, Democrat State Sen. Rebekah Warren, believes the $1.8B can be raised by cutting waste, repealing unnecessary tax breaks, and reaping the future economic benefits of the plan.
The Motley Monk asks: Isn't that how it usually works with all of those schemes to provide social "benefits" that become "entitlements" for which taxpayers ultimately will be on the hook?
Consider this: The tuition scheme is based on future projections which offer no guarantee whatsoever that the costs will ever be recouped.
Then consider this: What happens when college tuition rises?
Let the discussion begin...
To read the Washington Times article, click on the following link:
http://www.washingtontimes.com/news/2012/jan/19/michigan-plan-offers-tuition-free-education/
-You won't hear a word about this in the MainSteam Media.
ReplyDelete-The Regime in DC won't mention this when it spews forth its babble called "investment" which means taxes.
-You won't hear the OWS clowns acknowledge any of this.
-You won't hear a peep out of the left.
Now, lets wait for the name calling to start in Michigan and about Michigan.
It's amazing Michigan hasn't started the 'recall scam' that has been hoisted upon Wisconsin. Of course, the people in Michigan have already learned how much the Left, The Unions and The Dems care about them so they aren't gullible enough to waste money on a recall. The people in Wisconsin are still under the ether...