Here is Sanders’ and Hillary’s wonderful magic trick. We’ll use Sanders’ promise of a free college education as an example. They would give you $30,000 per year for college but then they would raise the cost of food by $5,000 per year and gasoline by $4,000 per year and the cost of your rent or mortgage by $6,000 per year. That totals $15,000. This means they would only be giving you $30,000 minus $15,000 equals $15,000.
Now, you are probably thinking, well, at least they would be giving us half of what we need. Not really. Inflation would reduce the value of the $15,000 by $5,000. So, Sanders and Hillary would only be giving you $30,000 minus $15,000 minus $5,000 equals $10,000.
Now, some of you would probably say, “Well at least they would be giving us $10,000.” Not really. The educational institutions would be forced to raise their costs by $8,000 per year so that Sanders and Hillary would only be giving you $2,000 per year.
Well, $2,000 is the amount of the educational subsidy provided by the federal government before Sanders’ and Hillary’s plan would be put in place. After their plan was put in place, the federal government would only provide a $20 subsidy.
So, Sanders and Hillary would be giving you $20 for your college education and your vote. Hmmm.