I am not personally receiving any of the $10 billion signed over to the public schools by Pres. Obama, but as a teacher, I feel ashamed that my profession is being bailed out. If the people of the USA wanted to save or create teacher jobs, they would have voted for the necessary budgets. In some districts, they did. In the others, HR 1586 forces them to anyway. How long will people believe that money grows on trees? How long will we imagine the government can just keep pulling money out of it’s hat and handing it out to various interest groups and support bases?
The bill states: “There are authorized to be appropriated and there are appropriated out of any money in the Treasury not otherwise obligated for necessary expenses for an Education Jobs Fund.” That’s funny. Is there money in the treasury that is not already “obligated”?
And let’s remember that there are only three ways for the government to get the money to pay for HR1586 or any other money:
3. “Printing” money
The first is always unpopular, and rightly so. The second puts our grandchildren in debt. The third results in the inflation of the money supply and the valuing of the dollar. When the value of the dollar falls, people who have savings lose money, so inflation is a kind of taxation–a tax on savings. For more on how the government creates its own money, watch this video on the history of banking and the Federal Reserve from the Mises Institute, or read this chapter from Ron Paul’s book, The Revolution.
All three methods boil down to one word: theft. In all three cases, the government is doing what it wants with other people’s money.
Think about this. In 1933, you could buy an ounce of gold for $20. Today, it’s worth over $1,200. That means the dollar has lost 98% of it’s value. What happened in 1933? The dollar was cut free from the gold standard, so its value could be manipulated by the Fed in order to fund the wars and other programs that the State needed to maintain and increase its power. Simple as that.
HR 1586 may be nothing more than a payoff to powerful interest groups, but it amounts to theft from the people. As a teacher, I am ashamed that people are forced to pay my salary. In a just society, I would be paid according to the market value of my services, just like anyone else.
You can see what your CT town or district is getting from the bill here.