In his State of the Union, the President asked Congress for $300 million for poor kids in the inner city. As there are, officially, 15 million children in America living in poverty, how much is that per child? Correct! $20.
Here’s your second question. The President also demanded that Congress extend his tax cuts. The cost: $4.3 trillion over ten years. The big recipients are millionaires. And the number of millionaires happens, not coincidentally, to equal the number of poor kids, roughly 15 million of them. OK class: what is the cost of the tax cut per millionaire? That’s right, Richie, $287,000 apiece.
Mr. Bush said, “In neighborhoods across our country, there are boys and girls with dreams. And a decent education is their only hope of achieving them.”
So how much educational dreaming will $20 buy?
-George Bush’s alma mater, Phillips Andover Academy, tells us their annual tuition is $37,200. The $20 “Pell Grant for Kids,” as the White House calls it, will buy a poor kid about 35 minutes of this educational dream. So they’ll have to wake up quickly.
-$20 won’t cover the cost of the final book in the Harry Potter series.
If you can’t buy a book nor pay tuition with a sawbuck, what exactly can a poor kid buy with $20 in urban America? The Palast Investigative Team donned baseball caps and big pants and discovered we could obtain what local citizens call a “rock” of crack cocaine. For $20, we were guaranteed we could fulfill any kid’s dream for at least 15 minutes.
Thank you Mr. Palast, for cutting to the heart of the issue in such short order.