Yellow Foot Prints Forums  
 

Go Back   Yellow Foot Prints Forums > Yellow Foot Prints News [Main Page] > Announcements/Updates

Announcements/Updates [Main Page]
Announcements and News Posted Here -

Reply
 
Thread Tools Rate Thread Display Modes
  #1  
Old 01-28-2008, 05:12 PM
GyBill GyBill is offline
Registered User
 
Join Date: Aug 2006
Location: Missouri City, Texas
Posts: 8,040
Better GI Bill urged to help bolster economy

Better GI Bill urged to help bolster economy

By Rick Maze - Staff writer
Posted : Monday Jan 28, 2008 16:53:16 EST

The head of a major veterans’ group says the White House and Congress should consider making major improvements in GI Bill education benefits as part of their planned $150 billion economic stimulus package.

“A new GI Bill would stimulate the U.S. economy significantly and go a long way toward helping our newest generation of heroes build a better life,” said Paul Rieckhoff, executive director of Iraq and Afghanistan Veterans of America.

Rieckhoff said improving the GI Bill to help the overall economy is “one proven strategy for growth that no one is talking about.”

He was referring to the fact that the World War II GI Bill of Rights is widely credited with helping boost the U.S. economy at the end of the war.

“When President Franklin Delano Roosevelt signed the original GI Bill in 1944, he ensured that 8 million World War II veterans would be able to afford an education,” Rieckhoff said. “It resulted in higher national productivity, consumer spending and tax revenue. Every dollar spent sending the Greatest Generation to college added seven dollars to our national economy.”

The Congressional Research Service, a bipartisan arm of Congress, estimates the World War II GI Bill resulted in a $5 to $12 increase in tax revenue for every $1 spent on sending a veteran to college.

Rieckhoff’s comments come as Congress is considering GI Bill improvements that would raise monthly payments — now a maximum of $1,101 — to fully cover the cost of tuition at a four-year public college, plus a $1,000 monthly stipend for living expenses. Sen. Jim Webb, D-Va., the chief sponsor of the GI Bill legislation, calls it the modern equivalent of the World War II GI Bill.

The Bush administration has remained wary of the bill, because of its $5.4 billion cost and concerns that significant improvements in veterans’ education benefits might encourage people to get out of the military to go to college, which in turn could hurt military readiness.

Rieckhoff said today’s GI Bill benefits “are far inferior to what their predecessors received. Today’s GI Bill covers less than 70 percent of the average cost at a public college and less than two years at a typical private college.”

The nation could afford to do more, Rieckhoff said, noting the U.S. spends less today on college education for veterans than it spends for two weeks of combat operations in Iraq and Afghanistan.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
SgtMaj Charles W. "Bill" Gregory Sr. USMC (ret), 86, Danville, CA GyBill Obituaries Updates 0 01-29-2008 04:16 PM
House OKs vets’ suicide prevention bill GyBill Announcements/Updates 0 03-21-2007 10:51 PM
Bush signs veteran’s bill but another awaits GyBill Announcements/Updates 0 12-24-2006 11:06 PM
Bill Would Boost Guard and Reserve Benefits GyBill Announcements/Updates 0 10-03-2006 06:21 PM
Congress Passes Military Protection Bill GyBill Announcements/Updates 0 09-23-2006 01:03 PM


All times are GMT -7. The time now is 09:22 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright & Copy 2006-2019, Yellow Foot Prints, All Rights Reserved