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Wednesday, June 23, 2021

Biden’s Childcare Proposal Benefits Don’t Outweigh The Lofty Costs

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On this episode of “The Federalist Radio Hour,” Veronique de Rugy, a senior research fellow at George Mason University’s Mercatus Center, joins Culture Editor Emily Jashinsky to discuss how President Joe Biden’s childcare proposals and other federal programs targeting families might not actually help mothers and children.

“What we’re concerned about is especially coming out of this pandemic where they were a lot of payments that were made to people, above and beyond any possible losses that they had endured,” de Rugy said. “And that is on top of the individual payments that were fairly generous. So you have a system that actually gets people used to making them actually much more comfortable to not work.”

One element of this conversation that needs attention, de Rugy said, is how the government spending that accompanies these proposals will affect future generations.

“We cannot overstate the incredible power of economic growth, ultimately to alleviate poverty, to help families, to help the future generation because that’s another thing is, all of that spending that we’re doing in the name of helping the children today is the same children when they become adults who are gonna have to shoulder it in a world where economic growth is not as vibrant, precisely because the debt is so ginormous and the taxes are higher and, and it’s really so short-sighted,” de Rugy concluded.

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