A well-off Boston suburb recently had a problem in the high school. It turns out that the history teacher decided to teach 9th graders that Israelis were brutal, Palestinians were helpless victims, etc., and handed out readings on that topic. I wrote about it because it is a clear demonstration of the Jew hatred of the Left, and because I don’t believe that 14 year old kids need to be dragged into politics.
In one of those inspired innovations designed to keep American classrooms on the cutting edge of educational excellence, the administration has been sending Joe Biden out to talk to schoolchildren. Last week, it was the fourth grade at Alexander B. Goode Elementary School in York, Pa., that found itself on the receiving end of the vice president’s wisdom:
Here in this school, your school, you’ve had a lot of teachers who used to work here, but because there’s no money for them in the city, they’re not working. And so what happens is, when that occurs, each of the teachers that stays have more kids to teach. And they don’t get to spend as much time with you as they did when your classes were smaller. We think the federal government in Washington, D.C., should say to the cities and states, look, we’re going to give you some money so that you can hire back all those people. And the way we’re going to do it, we’re going to ask people who have a lot of money to pay just a little bit more in taxes.
Who knew it was that easy?
Isn’t that nasty?
I think it is nasty because the children shouldn’t be dragged into the misery of adult politics, but Mark Steyn actually takes him on with the numbers:
No problem, says the vice president. We’re going to “ask” people who have “a lot of money” to “pay just a little bit more” in taxes.
Where are these people? Evidently, not in York, Pa. But they’re out there somewhere. Who has “a lot of money”? According to President Obama, if your combined household income is over $250,000 a year you have “a lot of money.” Back in March, my National Review colleague Kevin Williamson pointed out that, in order to balance the budget of the United States, you would have to increase the taxes of people earning more than $250,000 a year by $500,000 a year.
Is ten too young to learn about negative numbers?
So how about people earning a million dollars a year? That’s “a lot of money” by anybody’s definition. As Kevin Williamson also pointed out, to balance the budget of the United States on the backs of millionaires you would have to increase the taxes of those earning more than 1 million a year by 6 million a year.
Very smart 10 year olds will jump out of their seats and shout “I know! I know! Negative 5 Million!!”
Not only is there “no money in the city” of York, Pa., and no money in Washington, D.C., there’s no money anywhere else in America — not for spending on the Obama/Biden scale. Come to that, there’s no money anywhere on the planet: Last year, John Kitchen of the U.S. Treasury and Menzie Chinn of the University of Wisconsin published a study called “Financing U.S. Debt: Is There Enough Money in the World — and At What Cost?”
Wow, this is truly a great exercise in negative numbers:
Don’t worry, it’s a book with a happy ending! U.S.-government spending is sustainable as long as by 2020 the rest of the planet is willing to sink 19 percent of its GDP into U.S. Treasury debt. And why wouldn’t they? After all, if you’re a Chinese politburo member or a Saudi prince or a Russian kleptocrat or a Somali pirate and you switched on CNN International and chanced to catch Joe Biden’s Fourth Grade Economics class, why wouldn’t you cheerily dump a fifth of your GDP into a business model with such a bright future?
Ok, you should go to the link, but I’ll give you just one more example of his humor:
It’s just about possible to foresee, say, Iceland or Ireland getting its spending under control. But, when a nation of 300 million people presumes to determine grade-school hiring and almost everything else through an ever more centralized bureaucracy, you’re setting yourself up for waste on a scale unknown to history. For example, under the Obama “stimulus,” U.S. taxpayers gave a $529 million loan guarantee to the company Fisker to build their Karma electric car. At a factory in Finland.
If you’re wondering how giving half a billion dollars to a Finnish factory stimulates the U.S. economy, well, what’s a lousy half-bil in a multi-trillion-dollar sinkhole? Besides, in the 2009 global rankings, Finnish schoolkids placed sixth in math, third in reading, and second in science, while suffering under the burden of a per-student budget half that of York City. By comparison, America placed 17th in reading, 23rd in science, and 31st in math. So the good news is that, by using U.S.-government money to fund a factory in Finland, Fisker may be able to hire workers smart enough to figure out how to build an unwanted electric car that doesn’t lose its entire U.S.-taxpayer investment.
That’s it. Go to the link.