Reply With QuoteAnything to take money from YOU and I and redistribute it. Why are you so surprised?
again i am speechless
WASHINGTON (AP) - 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.
Clinton, her party's front-runner in the 2008 race, made the suggestion during a forum hosted by the Congressional Black Caucus.
"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.
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.
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.
One way of building a stronger economy, she said, is "more savings, starting with the so-called baby bonds idea where every person born in this country would be given that kind of account because we want to make an investment in America's young people."
She argued that wealthy people "get to have all kinds of tax incentives to save, but most people can't afford to do that."
The proposal was met with enthusiastic applause at an event aimed to encourage young people to excel and engage in politics.
"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?"( Your an idot!Steph..Does she even relize what she just said..moron!)
Blake Zeff, a spokesman for the senator's campaign, said a baby bonds program "is not a firm policy proposal but an idea under consideration."
Britain launched a similar program in January 2005, handing out vouchers worth hundreds of dollars each to parents with children born after Sept. 1, 2002.
Earlier this month, Time magazine proposed a $5,000 baby bond program.
Anything to take money from YOU and I and redistribute it. Why are you so surprised?
wa hell, since we're printin' money...a nice "boat bond" would be a great idea, too. This however, is kinda funny. We've been talkin' about borrowing to finance SS/welfare/whatever on the backs of the future.
Now, we're gonna get them to finance they're own future to make ourselves feel better? wth?
The bankers of the future are gonna have a heck of a time 'splainin' this one lucy!
CC
Welcome to another step toward cradle-to-grave socialism. :devil:
The clock is ticking until we hear the next "chicken in every pot...." or the "New Deal" platform revitalized.
FDR at least had a real depression to overcome. Hill needs to invent hers.....
There are just over 4,000,000 children born every year in the US. At $5,000 each this will cost the taxpayers a minimum of $200,000,000,000 every year. (That's $200 BILLION)
But this is just another funding source that the Dems will rape for more socialist programs. Similar to what they did with the Social Security System. Just another bank that the Washington Spenders can "borrow" from, without any intention of paying back.
I've got a better idea. Make all 18 year olds do 1-4 years public service. Military, Jobs corps, whatever. Make them put a portion of those earnings into an account for college, like the Montgomery GI Bill, with a Govt. match WHEN they go to college.
Many Indian Tribes do exactly what Hildabeast proposes. Put funds in a "trust" account that they get when they turn 18. Now all they have is a bunch of drunk and stoned 18 year old Indians with new cars.
Many Indian Tribes do exactly what Hildabeast proposes. Put funds in a "trust" account that they get when they turn 18. Now all they have is a bunch of drunk and stoned 18 year old Indians with new cars.
I live 22 miles from Indian City USA , Anadarko, OK and the above statement could not be truer than this. Not 100%, but about 90% of those that get the money blow it in no time then they have a "49" (about three days of throw down party'in) and somebodys new Cadillac gets thrashed.
Anyone who cannot see exactly what Hillary means to do with this, must be blind.
Middle-income entitlements (which will NEVER go away), which will REQUIRE income redistribution to accomplish. More votes bought with the entitlements.
It will only start with her erasure of the 15% Capitol Gains Tax (making those gains taxed at 35%), the increase of the top tax rate to 40% (including those "capitol gains" 15% to 40%, wow!), AND the erasure of the $90,000 limit on Social Security Tax collections making every single dollar made subject to SS tax.
And for those who actually buy into the "this increases taxes on the rich", right at 1/2 of this country has 401K/403B savings plans based in STOCKS (and thus Capitol Gains teritory)
Now take a guess at what the capitol gains tax nearly TRIPPLING will do to the stock market when the BIG players abandon it to duck the emense tax burden? :idea: :idea:
stupid. stupid. stupid. The education system is not ready for this. This is just one more reason to drop out of school. "well shit the government is giving me money! learn?! bwah! ". Money is suppossed to be something you work for right? Specifically work that uses what you learned in school. So much for that. Nothing better than a bunch of rich stupid 18 year olds. Better than poor ones? wrong.
AND the erasure of the $90,000 limit on Social Security Tax collections making every single dollar made subject to SS tax.:
IMO, the cap on SS income needs to be lifted. Something that has no effect on you.
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