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On Mon, 15 Oct 2007, Rick wrote:
As previously stated, there's a big difference between a handout, as in
being given money, and a hand-up, as in guaranteeing a loan that you
still have to pay back, with interest.
Additionally, the college loan is actually a twofold benefit because
you've not only decreased the number of people who are likely to rely on
an entitlement program, but you've probably increased the net worth of
that individual which translates very directly into increased future tax
revenues for said person. Not to complicated.
It's a complex dynamic system and it's hard to say whether simply giving
money to poor people would make things better or worse. If you look at it
one way, things get worse, but look another way and things get better.
Still, I *think* it is wisest to focus the money on getting skills to the
poor people and not just maintaining them where they are.
Mike
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