Tag Archives: social justice

Saint Paul to Give $3M to Newborns based on a Study of Less than .5% the Population of the City

Melvin’s Money, by TSN_

Saint Paul, MN–Over the next three years the city of Saint Paul will give $3 million dollars (in $50 allotments) of taxpayer money to newborns in hopes that savings accounts generate college degrees. Giving out money to make progress based on cherry-picked data, that seems legit, and Democratic.

That said, this program is noble, honorable, fantastic, and based on very limited data. CollegeBound Saint Paul, the program in question, appears to rely solely on a singular data set of 1,554 participants from a 2013 study done by the Center For Development Research at Washington University.

MPR recently highlighted CollegeBound Saint Paul in an article titled, “Welcome to the world, and here’s 50 bucks for college“. In light of the limited data and the funding involved, this program should be called TaxpayerBound Saint Paul, to emphasize where the financial gift is coming from: citizens’ pocketbooks.

To clarify, the population of St Paul is 304,442 in 2016; the number of participants in the Center for Social Development’s study was 1,554 in 2013. That means the results of this study make up less than .5% of the population of the very city where this program is being implemented.

For compassion sake, to give children a fighting chance at getting an education is an honorable goal, a very progressive idea, especially done right with much research, scientific method, and proof of positive outcomes. However, to create programs funded with taxpayer dollars on scant information is reckless and poorly thought out.

I will end with this, as with any economic idea, time will tell. The truth will show itself as the aid gives way to the unrealistic promises in expensive programs. Economic ideas that work thrive over time. Economic ideas that do not work go bust, just after the politician that created them leaves office, most likely in 18 to 20 years down the line when we have no recollection of these programs or their champions or their intent in the first place.

Wake up and get out of your debt prison before it’s too late

I woke up one day fed up with the debt I had accumulated and thought about how I could kill it by doing the same thing I had been doing my whole life. Fuck no. This isn’t possible. If you wake up and think this, you aren’t serious about getting out of debt.  You never will be.  You have to hate it.  Reading books on personal finance and doing little things has chipped away a bit. But as Dave Ramsey says, radical change requires radical change, or how I interpret what he says. Not waking up scared about my future debt, about the life I will not give my family wasn’t doing that. Now I am there. And I am worried about our American nation distracted letting their debt grow like cancer as they scream foul at some fantasy. They don’t realize their protest falling on deaf ears is leading to an oppression that they won’t look at and must see, growing on them and in them. Debt is a prison, makes you a corporate slave. I still don’t see the outrage en masse. I wait. Will it come? Will they want to Andy Dufresne?  My outrage is right here becoming frugal and not worried about what others think about my affluence.