Friday, April 16, 2021

Of Course!

As soon as a Democrat took the White House, Republicans instantly did another 180-degree turn on budget deficits   the G.O.P. went from hyperventilating about debt as an existential threat during the Obama years to complete indifference about deficits under Donald Trump. Surely nobody is surprised to see Republicans immediately revert to deficit hysteria now that Joe Biden is president  Shouldn’t politicians who claim to be terribly worried about the future of America’s children support, you know, actually helping America’s children today?  That’s not a hypothetical question. Democrats are reportedly working on legislation that would offer monthly payments to most American families with children, and could, among other things, cut child poverty roughly in half.  One especially good thing about the legislation in the works is that Democrats finally seem to have broken free of Republican framing, under which every benefit takes the form of a tax credit. This will apparently be a straightforward proposal to send money to qualifying families. Economists have shown that previous extensions of aid to families with children, like the gradual rollout of food stamps in the 1960s and 1970s and the expansion of Medicaid in the 1980s, didn’t just improve children’s lives in the short run; children who received the aid grew into healthier, more productive adults than those who didn’t receive the aid. By not doing even more for children, we are stunting their future, and that of the nation as a whole.  Independent estimates of the cost of something like the reported Democratic proposal put its price tag at roughly $120 billion a year. To put this in perspective, it’s only about half the 2021 revenue loss caused by the 2017 tax cut.  Aid to children would also indirectly help the budget, because those children would later pay more in taxes and be less likely to call on safety net programs. These fiscal benefits might even be big enough that helping children pays for itself, and in any case they mean that the true cost of aiding children, even in narrowly fiscal terms, would be less than it might appear.  All in all, then, increased aid to families with children is a really good idea. It would immediately improve millions of Americans’ lives, it would make us stronger in the future, and it would have only modest budget costs.  They’ll yell about fiscal responsibility and hope that voters have very short memories. Another answer is that they’ll claim that the Biden administration and its allies have a “radical leftist agenda” — because nothing screams fanatical Marxism like giving kids enough to eat and a roof over their heads — and hope that voters don’t figure out what Democrats are actually proposing. (This goes for much more than child credits: Polls suggest that on issues like taxes and health care, Republicans, not Democrats, are the radicals whose views are out of touch with public opinion.)  Standard conservative argument that any policy reducing misery reduces the incentive to be self-sufficient — you know, unemployment insurance encourages people to stay unemployed, food stamps encourage them to be lazy, and so on. Making this argument about a broad-based program to help children will be hard, but they’ll find a way.  One unexpected thing, however, is any kind of good-faith argument against aid to families with children. That’s not to say that the Democratic proposal will be perfect; no doubt experts will see ways it could be better. But spending more on children is a very good idea, economically and morally, and should become law.

 

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