Tag Archives: USA

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.

Hey Millennial, You Need an Emergency Fund

Amy.

Halfpeachment

12/9/2019

Yesterday, between classes I created an audio titled Why I will NEVER vote Democrat again. Immediately after I published this art I realized that one should never say never. In St Paul, MN, there really are only one party of candidates: Progressive. So, Yes I will vote Democrat again, very soon.

The real issue of not voting Democrat as much would be that I do not enjoy big government. Too many hoops to jump through, too much micromanagement. I would assume people who vote Democrat would want less government and more individual freedoms, because we are all unique, but I may be wrong.

That’s about the only reason I have for never voting for a certain party… oh, and free market, and universal healthcare, and the, again, the economy.

Today is Monday, Seth Godin has me wondering how good of a boss I am. The Christmas tree is set, the Vikings won, and this week we will go below zero. I am thankful for the cold because hopefully it will curtail global warming. Again, a good boss would have me teaching 24×7 and making extra when I am having a beer or making a puzzle.

It was a good weekend all around.

12/8/2019–Cars, Cost, and Christmas Trees

At 6:10 am I made coffee and headed downstairs to teach English to students abroad. Again, I thought of the hike in cost that the St Paul City Council approved on Snow Emergency towing, it goes up for 43 %. I wonder how this impacts low-income households in St Paul.

On a similar note, my neighbor Nancy mentioned that her grandson’s Honda had been stolen from out front of her house. She asked if my cameras faced that way. I said “no”. We were coming home from a walk around the block on whatever clear sidewalk we could find. Kids in a big red wagon.

After teaching and double-checking my bank account and stretches, this morning we are going to pick up a Christmas tree. And that is the proper name of it, a Christmas Tree. We are getting it from my wife’s grandmother, Judy. The kids are excited, as am I. It should be an afternoon of the Viking’s game and tree decorating and Sloppy Joes.

Read Basic Economics by Thomas Sowell