Fed Told to Fund Early Childhood Education for National Debt Relief
A private sector initiative called USA Positive Expectations is proposing that the Federal Reserve fund early childhood education to reduce the national debt.
The plan, spearheaded by Thomas D. Wolfgram, CEO of USA Values, LLC, suggests that the Fed could purchase assets tied to early education outcomes, creating 'receipts money' and gifting these assets to the U.S. Treasury.
The initiative estimates that at full scale, the plan could involve 4.5 million children starting first grade annually, with a cost of $75,000 per child, totaling $340 billion in assets purchased by the Fed each year.