Who Will Pay for New Child Care Spending?
Dan Lips /
The Los Angeles Times reports that President Obama plans to call for a “$1.6 billion increase in federal funding for child-care programs” in his upcoming State of the Union address. The report frames this proposal as part of a larger effort to “help the middle class.”
Some parents will probably welcome the news of more subsidized child care. But they need to remember that their children are the ones who will end up paying for the billions that will be added to the ballooning national debt, which is set to explode over the next decade. Put in that perspective, parents and taxpayers need to ask: is another “investment” in child care or preschool really worth it?