04/13/2017

No Escape From New York: If You Get Free Tuition You Can’t Leave

Carl Campanile, New York Post

Gov. Andrew Cuomo’s much-heralded new program for free tuition at state colleges comes with a huge catch: You have to sign years of your life away to get it.

Under a provision that was added to the tuition bill at the last moment, students who get a free ride at CUNY and SUNY schools must live and work in New York state for up to four years after graduation, or be forced to pay the money back.

The amendment — which was not part of Cuomo’s original offer of free college for middle-class students — was added at the insistence of Republicans in the state Senate.

The GOP members worried that taxpayer-educated students would take their valuable knowledge and flee to other parts of the US, particularly from remote upstate communities.

“New York spends $1 billion on college financial assistance. There is a brain-drain problem,” said Senate GOP spokesman Scott Reif.

“We have to get away from educating people and then having them move away. We want to create a climate for business and new jobs.”

Cuomo agreed with the change.

Read full article



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Keynesian Economics and the Great Depression

Hillsdale College economics professor Gary Wolfram discusses Keynesian economics and the factors that pulled the national economy out of the Great Depression. The story of World War II shows that government spending may produce activity, but not the prosperity of a truly healthy economy.

 

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ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

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