Preisdent Obama proposes to index the grant to inflation plus 1 percent, turning college aid into yet another entitlement program that the federal government has to fund and increase every year, similar to Medicaid and Medicare.
It is rarely good policy to remove spending decisions from the legislative body. It may be that increasing Pell grants every year is a sound policy; if so, Congress should feel compelled to do so with an annual vote.
Thursday, April 2, 2009
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