Open letter to President Obama (Part 589) Milton Friedman and the DC Voucher Program

Open letter to President Obama (Part 589) Milton Friedman

(Emailed to White House on 6-25-13.)

President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The federal government debt is growing so much that it is endangering us because if things keep going like they are now we will not have any money left for the national defense because we are so far in debt as a nation. We have been spending so much on our welfare state through food stamps and other programs that I am worrying that many of our citizens are becoming more dependent on government and in many cases they are losing their incentive to work hard because of the welfare trap the government has put in place. Other nations in Europe have gone down this road and we see what mess this has gotten them in. People really are losing their faith in big government and they want more liberty back. It seems to me we have to get back to the founding  principles that made our country great.  We also need to realize that a big government will encourage waste and corruptionThe recent scandals in our government have proved my point. In fact, the jokes you made at Ohio State about possibly auditing them are not so funny now that reality shows how the IRS was acting more like a monster out of control. Also raising taxes on the job creators is a very bad idea too. The Laffer Curve clearly demonstrates that when the tax rates are raised many individuals will move their investments to places where they will not get taxed as much.

I have written about 66 heroes of mine in the House of Representatives that voted “no” on your debt ceiling increase request in 2011. I believe we must have representatives that will vote to restore our freedom and that means voting to cut spending and lower taxes like the Patriots of long ago wanted. Today the Tea Party represented my views the most closely.  Lord knows I have written a lot about that in the past. . I have praised over and over and over the 66 House Republicans that voted no on that before. If they did not raise the debt ceiling then we would have a balanced budget instantly.  I agree that the Tea Party has made a difference and I have personally posted 49 posts on my blog on different Tea Party heroes of mine.

I have written and emailed Senator Pryor over, and over again with spending cut suggestions but he has ignored all of these good ideas in favor of keeping the printing presses going as we plunge our future generations further in debt. I am convinced if he does not change his liberal voting record that he will no longer be our senator in 2014.

I have written hundreds of letters and emails to you and I must say that I have been impressed that you have had the White House staff answer so many of my letters. The White House answered concerning Social Security (two times), Green Technologieswelfaresmall businessesObamacare (twice),  federal overspendingexpanding unemployment benefits to 99 weeks,  gun controlnational debtabortionjumpstarting the economy, and various other  issues.   However, your policies have not changed, and by the way the White House after answering over 50 of my letters before November of 2012 has not answered one since.    You are committed to cutting nothing from the budget that I can tell.

 I have praised over and over and over the 66 House Republicans that voted no on that before. If they did not raise the debt ceiling then we would have a balanced budget instantly.  I agree that the Tea Party has made a difference and I have personally posted 49 posts on my blog on different Tea Party heroes of mine.

THIS BRINGS ME TO ONE OF MY BIGGEST ECONOMIC HEROES AND IT IS THE LATE MILTON FRIEDMAN. Friedman had such revolutionary policies such as eliminating welfare and instituting the negative income tax and putting in school vouchers.

The problem in Washington is not lack of revenue but our lack of spending restraint. This video below makes that point.

Milton Friedman on School Vouchers

Brittany Corona

March 12, 2013 at 11:15 am

Joseph Kelley said his son Rashawn

Very few government programs can claim a positive return on taxpayer investment. The D.C. Opportunity Scholarship Program (DCOSP) is one of them.

Launched in 2004, the DCOSP provides scholarships of approximately $8,500 for K–8 students or $12,000 for high school students from low-income families to attend private schools of their choice.

According to a congressionally mandated evaluation of the DCOSP, 82 percent of students who received a voucher and used it to attend private school graduated from high school. That’s a 21 percentage point difference between voucher users and the control group that did not use the vouchers to attend private school. Just 70 percent of those students graduated. Roughly 60 percent of students in D.C. Public Schools graduate high school.

University of Arkansas researchers Patrick Wolf and Michael Q. McShane cite the study in National Review Online:

Multiplying the number of additional graduates by the value of a high-school diploma yields a total benefit of over $183 million.… [T]he DCOSP cost taxpayers $70 million, so dividing the benefits by the cost yields an overall benefit-to-cost ratio of 2.62, or $2.62 for every dollar that was spent.

In other words, there is a 162 percent return on each taxpayer dollar invested in the program.

Wolf and McShane also note that the increase of high school graduates yields a decrease in crime, which means lower costs for the criminal justice system. These savings, combined with the increased tax revenue made on the increased income, adds $87,000 to government coffers per high school graduate over the nine years of the DCOSP’s existence.

In their study, Wolf and McShane found that “combining the increased income and financial benefits of longevity and quality of life, a high-school diploma is worth almost $350,000 to an individual.” DCOSP is not only fiscally beneficial, but it also yields more responsible, productive, and happier citizens.

Heritage Foundation policy analyst Jason Richwine found similar results from DCOSP graduates. In a 2010 Heritage report, “D.C. Voucher Students: Higher Graduation Rates and Other Positive Outcomes,” Richwine reports that the DCOSP yields an increase in parental satisfaction, school safety, and graduation rates.

The American dream of opportunity is alive in the DCOSP, showing that freedom through school choice opens the door to a more successful future for the nation’s students.

Brittany Corona is currently a member of the Young Leaders Program at The Heritage Foundation. For more information on interning at Heritage, please click here.

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

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By Everette Hatcher III | Posted in spending out of control | Edit | Comments (0)

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