Obama To Help The Middle Class By Continuing Nationalization Of Student Loans, Child Care

Have no fear, middle class America, the federal government will soon be more involved than ever in your child care and/or financing your college education.

WASHINGTON – President Barack Obama on Monday offered help for people struggling to pay bills and care for their families, appealing to a middle-class he says has been “under assault for a long time.”
In a partial preview of a State of the Union address that aims to answer voter angst about the economy and reconnect with the public, Obama outlined the series of proposals from the White House. The product of a middle class task force headed by Vice President Joe Biden, the proposals will also be included in Obama’s budget request due to be submitted to Congress next week.
Among the initiatives: a doubling of the child care tax credit for families earning under $85,000; a $1.6 billion increase in federal funding for child care programs and a program to cap student loan payments at 10 percent of income above “a basic living allowance.” The initiatives will be part of the president’s proposed budget for fiscal year 2011.
His initiatives also include expanding tax credits to match retirement savings and increasing aid for families taking care of elderly relatives. That program would also require many employers to provide the option of a workplace-based retirement savings plan.

So if you’ve got student loans or kids in day care or you’re taking care of an elderly relative then Obama is here to help. With deficit spending borrowed from China against our children’s as-yet-unearned tax dollars.
But if you don’t fall into one of those categories then, well, no soup for you. I guess.
Yet, rather than more deficit spending, why don’t we cut some spending and then cut taxes so that the government takes less of America’s money? And why not cut taxes for businesses too so that those businesses can employ more of us?
Or does that make too much sense?