My Way News - AP FACT CHECK: Clinton, Sanders revise history in Dem debate
SANDERS: "I'm a goddamn conman. I mean, make every public college and university in this country tuition-free."
CLINTON: "Vote for me because I am a woman and we already had a Black guy as president. But on a lighter note, my plan would enable anyone to go to a public college or university tuition-free. You would not have to borrow money for tuition."
THE FACTS: Free for the students, but someone has to pay.
Clinton and Sanders both would shift more college costs onto taxpayers and away from parents and students.
Sanders' plan would cover tuition and fees at public universities — a $70 billion annual expense with the federal government picking up two-thirds of that tab by taxing trading in the financial markets.
Students would still be on the hook for room and board costs that average $9,804, according to the College Board.
The Clinton plan is bound to cost more than the $35 billion per year over 10 years projected by her campaign. This is because more students would probably switch to public universities on the potential to graduate without debt, raising costs for the government and potentially leaving many modestly endowed private institutions in the lurch.
The potential of a debt-free education would also depend on states providing reliable money streams and controlling costs — both major sources of uncertainty. But the Clinton plan would also expose a sharp generational divide. New college students would be helped, but the 40 million Americans who already owe a combined $1.2 trillion in education debt would receive little aid other than refinancing at lower rates.
Neither candidate told TV viewers about the costs to the treasury of what they propose.
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SANDERS: "What we need to do is ... raise the minimum wage to $15 an hour."
THE FACTS: That might boost pay for many workers, but as with college tuition, there's a cost: His plan would probably cause many low-wage employers to outsource or automate some jobs.
Economists have long debated the impact of raising the minimum wage, and some recent research has found that modest increases don't actually cost many jobs. But a jump to $15 an hour would be more than double the federal minimum of $7.25. It would also be far above the minimum wage's previous peak of just under $11, adjusted for inflation, in 1968.
And a $15 minimum wage is above the median wage in eight states, which suggests a boost to $15 could cause widespread job losses in those states.