Guess What? Obama’s “Free College” Plan Comes With A Tax Hike [PODCAST]

by Austin Petersen

TAANSTAFL – There Ain’t No Such Thing as a Free Lunch

Why is it selfish for me to want to keep my own money, but it’s not selfish for you to take it from me?

Frederic Bastiat once said that government is the great fiction through which everybody endeavors to live at the expense of everybody else, and Obama’s College Plan fits that bill to a T. The only problem is that the bill for his “free college” plan is going to be paid for by you and me.

Today’s episode of the Freedom Report podcast dissects President Obama’s “free college” plan he mentioned in last week’s State of the Union Address. In this show we will analyze what Obama means when he says “free,” and also pin down the problems of raising taxes on 529 college savings accounts.

The president made a flowery speech about helping students, but the reality is that these kinds of plans are really just giveaways to the schools themselves. Students spend more on books than they do on classes, and the schools just use the new funds to raise rates, thereby canceling out any benefit that might have been derived.

Don’t forget to subscribe to the Freedom Report on iTunes and leave us a good review. Also, if you missed my appearance on Stossel last week responding to the State of the Union, you can see my highlights here. Have a great weekend!

Austin Petersen is a homegrown Missourian with a lifelong passion for liberty. He grew up on a horse farm in Peculiar, Missouri and went on to attend Missouri State University, graduating with a degree in the Fine Arts. After developing a career in media in both New York City and Washington, D.C., he returned to Kansas City, MO, the city he now calls home. In 2016, Petersen appeared on the national stage as a candidate for president of the United States. He took second place in the crowded Libertarian primary behind Governor Gary Johnson and ahead of cyber security maverick John McAfee. During his campaign, Petersen earned many high-profile conservative endorsements, including Mary Matalin, Erick Erickson and Leon Wolf of RedState.com. Petersen also brings decades of professional experience in a wide variety of fields, from content production and media to business and political activism. He is the owner and chief executive of Stonegait LLC, a consulting firm specializing in photo and video services. He was also the director of production at FreedomWorks and an associate producer for Judge Andrew Napolitano’s show “Freedom Watch” on the Fox Business Network. Additionally, Petersen has a national following as a commentator and professional pundit. He is the founder of The Libertarian Republic, a powerful online news source for the public that receives an average of 1 million unique visits monthly and whose podcast, The Freedom Report, receives an average of one million monthly downloads. He is also a frequent contributor on television, appearing on Fox News, Fox Business, CNN, MSNBC and on dozens of local radio shows.

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