The Numbers:

1. Think about that phrase: “President Obama’s American Opportunity Tax Credit”. Where does that money come from? Is it President Obama’s? It’s the taxpaying American’s money, that’s a) being redistributed; b) that’s being attributed to President Obama, and the Federal government. “Julia” is being conditioned that, from birth to death, from cradle to grave, she needs to rely on the Federal government. She’s “entitled” to it, even though she’s done nothing to earn that $10,000. And in case you haven’t been paying attention: we don’t have the money. The national debt is now at 15 Trillion, 709 million dollars. http://www.usdebtclock.org/

2. The Numbers: • Obama’s tax credit is worth up to $10,000per person • In 2009, 4.5 MILLION people got the tax credit • That’s an estimated $45,000,000,000—45 TRILLION DOLLARS in a SINGLE YEAR! • The ‘American Opportunity Tax Credit’ is actually an extensionof several other tax credits that served the same purpose

3. As you can see, we do NOT have the capital to fund this enormous bill

4. The Effects: • Giving people ‘free’ money to use for college simply because college’s rates are rising will do nothing but INCREASE post-secondary education rates!!! • Thousands of colleges are adding extravagentfacilities such as pools, spas, rock climbing walls, huge recreation centers, etc. • They do this because the federal government is paying for people to go to college, no matter the cost--they can raise their costs all they want, and as long as they have SOMETHING to justify it, the government will provide them with customers

5. An Example: • Kent State University is just one such college • Kent State has a 150,000 square foot recreation facility, which cost them $25,000,000—25 MILLION dollars! • 40,000 square feet is the space used for the aquatic center--That’s the 16-person hot tub, and the HUGE pool • Also included: 35-foot climbing wall, ice arena, and bike rides

6. Is it a good investment? • Obama seems to think that he can simply pull money out of thin air. This is wrong—he gets it from YOU and your children. • It is not realistic to simply assume that these people will try hard to graduate from college—after all, they didn’t EARN this 10,000 dollars • Supporters of this tax credit may argue that we must ‘invest in our future generation.’ Is giving an unknown, unreliable person who is not able to earn a scholarship or get a job really a good investment?

7. As you can see, we simply do not have the capital for this humungous bill • http://www.cato-at-liberty.org/the-national-debt-is-huge-but-unfunded-liabilities-are-americas-real-red-ink-challenge/