I knew you could!!!
Democratic presidential candidate Hillary Rodham Clinton said Friday that every child born in the United States should get a $5,000 “baby bond” from the government to help pay for future costs of college or buying a home.
Talk about bribes! Have a baby? Then have $5,000!!! Will there be any protections to make sure the money isn’t squandered somewhere else?
Clinton, her party’s front-runner in the 2008 race, made the suggestion during a forum hosted by the Congressional Black Caucus.
Since blacks have a higher birth rate (17.4 vs 13.9 per 1,000) than whites, then it would look like blacks would benefit more. Talk about targeting a group! Or was that pandering? You decide.
“I like the idea of giving every baby born in America a $5,000 account that will grow over time, so that when that young person turns 18 if they have finished high school they will be able to access it to go to college or maybe they will be able to make that downpayment on their first home,” she said.
Or their first Cadillac…
The New York senator did not offer any estimate of the total cost of such a program or how she would pay for it. Approximately 4 million babies are born each year in the United States.
Well, it would be $20,000,000,000 just for the bonds itself. Not to mention the huge increase in government to run the program. Refresh my memory for me, but isn’t it the Dems that hate big government?
Clinton said such an account program would help people get back to the tradition of savings that she remembers as a child, and has become harder to accomplish in the face of rising college and housing costs.
Since when is it the governments job to put money in my bank for me? Maybe if they they had teachers that could teach and had classes on accounting and finance that were mandatory… it might help. Maybe it’d be better if they’d fix the reason for rising costs instead?
She argued that wealthy people “get to have all kinds of tax incentives to save, but most people can’t afford to do that.”
Everybody has reasons to save. And if you pay taxes, then you have incentives to save. You don’t have to be rich.
“I think it’s a wonderful idea,” said Rep. Stephanie Tubbs Jones, an Ohio Democrat who attended the event and has already endorsed Clinton. “Every child born in the United States today owes $27,000 on the national debt, why not let them come get $5,000 to grow until their 18?”
If you think $27,000 debt minus $5,000 savings equals $22,000 debt then go to the back of the class. The $5,000 adds to the national debt! So all you’re doing is increasing the amount they are born with! $32,000 is an improvement? What dolts!!!!
Earlier this month, Time magazine proposed a $5,000 baby bond program.
So all she’s doing is using someone else’s idea as her own? Why am I not surprised?