Hillary Wants $5,000 "Baby Bond" For Every US Newborn

AP   |  DEVLIN BARRETT   |   September 28, 2007 10:30 PM


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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.

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This is nothing more than a vote buying tactic.

Liberals believe that it's entirely possible to pick up a turd by the clean end.

    Favorite    Flag as abusive Posted 12:43 PM on 10/02/2007

The numbers are easy 4 millions new born a year by 5000 = 20 B the total cost of the Iraq war 2 trillion enough for 100 years 1 trillion enough for for 50 years. Incredible but war is more expensive than education. We could have build a mansion for each Iraqi family and save almost a million dead cool. We will pay the war as well for sure but in debt.

If the program only raises the level of education of the average American in 2 months it will pay for itself in increasing revenues. Do the numbers a college graduate make an average of 30000 a year more than a high school multiply for 40 years and take a 10% on taxes a conservative estimation since we have sales taxes and property taxes it will be 120000 in extra revenue for for life divide by 5000 is 4 year divided by 25 two months ONLY TWO MONTH incredible education is the best investment

    Favorite    Flag as abusive Posted 09:57 AM on 09/30/2007

A few provisions

1) no children of illegal.

2) If you get in trouble as a juvenile you may lose your money.

3) individual accounts so not ever the parents can touch it and financial institutions most compete for the money.

Capitalism for the Masses the way of the future.

    Favorite    Flag as abusive Posted 09:56 AM on 09/30/2007

And this is without considering lowering crime rates less jails and the multiplicative effect of more services generating employment and jobs in clean technology need a better education Capitalism for the Masses makes a lot of sense social innovation is the America way kudos to Hillary very smart.

    Favorite    Flag as abusive Posted 09:55 AM on 09/30/2007

She sounds the middle schoolers running for student council at my sons school. Except they only promsing impossible things like days off school and dunk tanks at recess. Gullible kids still voted for them, and gullible liberals will vote for Hillary!

    Favorite    Flag as abusive Posted 06:51 AM on 09/30/2007

I agree! She's starting to sound like Hugo Chavez who bribed the poor for votes in his country, Bolivia, Nicaragua, Ecuador, and even the U.S.!

She's also using Hugo's tactics for banning photos of Chelsea and Jihad movies that would expose the Clinton legacy.

When she becomes President, all dissent will be banned!

But there will some who will chant "LONG LIVE HILLARY! HILLARY PRESIDENT FOR LIFE!"

Did you see the opening skit on Saturday Night Live with Hillary. She mentioned that the Constitution should be changed to let her and Bill run endlessly for President.

One thing that they missed was her SHILLARY SCREAMING! She studies the speeches by Fidel and Hugo and judging from her supporters, the brainwashing has worked.

What is not studied about the $5000 is how much that child would cost feeding, clothing, diapers, formula, etc... till their eighteen?

    Favorite    Flag as abusive Posted 09:41 AM on 09/30/2007

CONTINUED.

So if someone who thinks that they'll have a few kids now just to get the bucks, aren't thinking about how much that child will cost in the long run.

Educated people, or even with half a brain, will realize that it's not a good idea. The only ones who won't care, are those who are GOVERNMENT AID NOW. They know it is just one more program they can sign up for.

They now get free food, free rent, free health care, and now $5000? The trickle of illegals will surely turn into a STAMPEDE! "WHAT A COUNTRY!"

    Favorite    Flag as abusive Posted 09:49 AM on 09/30/2007

The numbers are easy 4 millions new born a year by 5000 = 20 B the total cost of the Iraq war 2 trillion enough for 100 years 1 trillion enough for for 50 years. Incredible but war is more expensive than education. We could have build a mansion for each Iraqi family and save almost a million dead cool. We will pay the war as well for sure but in debt.

If the program only raises the level of education of the average American in 2 months it will pay for itself in increasing revenues. Do the numbers a college graduate make an average of 30000 a year more than a high school multiply for 40 years and take a 10% on taxes a conservative estimation since we have sales taxes and property taxes it will be 120000 in extra revenue for for life divide by 5000 is 4 year divided by 25 two months ONLY TWO MONTH incredible education is the best investment.

    Favorite    Flag as abusive Posted 03:40 AM on 09/30/2007
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First of all this should really be considered separate from the health care issue.

First of all a real solution to the health care issue should save us money not cost us money. Currently the US is spending more on health care (either in raw dollars or percent of GDP) than any other country on earth while only providing spotty coverage. Our problem isn't that we aren't spending enough!

As for all of the whining about how to administer it and all, the program is no different than the current bunch of 401k and IRA accounts so to say that some whole new beaurocracy needs to be set up is just a red herring argument.

The argument about this misses some points. first of all the money would probably be subject to income tax when withdrawn. So the government gets some of it back with interest. The other thing is that like most indivicual assets it will need to be reported on the FAFSA and would increase the expected personal contribution almost dollar for dollar. So in fact the children given these bonds WOULD require less student aid!

And yes I would agree that it should be the case that both the parents be either citizens or legal immigrants. You wouldn't want to tag a big financial incentive on 'birth tourism'.

    Favorite    Flag as abusive Posted 02:45 AM on 09/30/2007

In the same way that people in this country seem to think that the U. S. invasions and occupations of Afghanistan and Iraq are free, people seem to be under the impression that this money will somehow magically materialize from somewhere else.

Who do you think is going to pay for this? The megacorporations which are either moving their operations to mailboxes in third world countries to escape taxation and transparency [e.g., Helliburton (sp) moving to the United Arab Emirates, home of two of the 9/11 hijackers, according to the government-sponsored conspiracy theory) OR for those that remain in the United States, their share of tax receipts has continued to fall considerably over the past few decades, so don't look here.


Think the top 1 percenters are going to help cover the cost of the $5,000? You don't really think that our elected officials (including the Senate, most of whom are millionaires themselves) will vote for higher taxes for themselves, their friends, and their most generous campaign contributors?

If you want something like this, take out a $5,000 loan, and place it in an investment of your choice, remembering that you will immediately start paying interest and will eventually need to pay off the principal. This is essentially the same deal that Hillary is proposing, only if the money were held in a governmental account, it is unlikely that the elected officials will be able to resist the temptation to borrow from it (consider the raid on the social security trust funds).

Hillary's proposal is akin to literally pulling oneself up by their own bootstraps. Try it sometime, and the answer should be soon apparent.

    Favorite    Flag as abusive Posted 01:25 AM on 09/30/2007

Who pays for tax breaks?

Only a month of iraq.s war, iraq war total cost will pay for 50 years of this program

We pay but it is for our children.

Is an investment on education

The money will go to Harvard not to halliburton

We subsidize higher education anyway.

Instead of loan for education is saving for education

Not inflationary

increases saving base of the nation with a resulting lower of interest and more money for investments

Could lower cost of crime and jails.

will increase revenues in the long run because educated people earn more.

We pay but maybe just maybe is a good buy.

    Favorite    Flag as abusive Posted 02:04 AM on 09/30/2007

Will she be paying for that with a check, or with her VISA? Oh, MY bad, I forgot, she spends
OTHER people's money to pay for her Government
Doughnut handout crap...

    Favorite    Flag as abusive Posted 01:02 AM on 09/30/2007
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As in healthcare, Hillary offers a band aid to a patient requiring heart surgery.

If America wants to be competitive with the rest of the world, we must pay for public university education for all who wish to get it and are academically qualified.

If we don't do it, we should accept becoming a thirld word country in not too distant a future.


    Favorite    Flag as abusive Posted 10:44 PM on 09/29/2007
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"we must pay for public university education"

Who is we?

Because we pay for public university education through our property taxes now. The students are the required to pay tuition when attending college. But public Universities are funded mostly by the state and property taxes that all of us pay. And now Hillary wants us to pony up another 5k for each kid? Gimme a break.

This is a non-starter and another very bad idea from Hillary.

    Favorite    Flag as abusive Posted 12:41 AM on 09/30/2007

Let me tell you something---I would rather have a savings bond compunede intrest being added to it monthly tfor 18 years than the 50 thousand i owe for student loans---and I graduated a 4 year co;llege in 3 years and still had to get food stamps each semester. We need something Better than what we have now,. It may not be the best slution but at least she is comming up with new inovative ideas.

    Favorite    Flag as abusive Posted 09:20 AM on 09/30/2007


Next Hillary will propose legalizing 4th through 6th term abortions and you get to keep the 5 large if you vote Democrat.

    Favorite    Flag as abusive Posted 09:51 PM on 09/29/2007
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Let's hope! :)

    Favorite    Flag as abusive Posted 10:28 PM on 09/29/2007
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All abortions should be legal, just as all heart surgery should be legal.

    Favorite    Flag as abusive Posted 10:41 PM on 09/29/2007
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And people should be able to sell their own kidneys, right?

    Favorite    Flag as abusive Posted 11:36 PM on 09/29/2007

An afterthought.

If Hilary is elected she should fight to make colleges and universities free for American citizens.
Hey, it works in other countries.

    Favorite    Flag as abusive Posted 09:27 PM on 09/29/2007

This is ideal. But, even to me a liberal, it seems a bit unrealistic.
What the children of America needs is HEALTH CARE.
When Bush leaves office we will be in so much debt. It will be almost impossible to give every new born a $5,000.00 bond.
Let's fix what is wrong first, then we could venture into new areas.

    Favorite    Flag as abusive Posted 09:22 PM on 09/29/2007
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Other countries are doing the same thing. But these are usually countries like Germany and Italy with declining birth rates, a so-called 'problem' (sounds like a blessing to me) the U.S. doesn't have. Does anyone see the prospect for cruel irony - An infant to have a pot of money accruing interest for some unobtainable college position or downpayment on an unaffordable 2 million dollar bungalow (not unlikely after 25 years' housing inflation) while in the meantime this same child is struggling in grinding poverty with no safety net?

    Favorite    Flag as abusive Posted 10:36 PM on 09/29/2007

Have you calculated the compound interest of 5000 at 5% for 18 years?

    Favorite    Flag as abusive Posted 02:06 AM on 09/30/2007
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I sympathize with your comments and I agree we should fix what's broke. Healthcare is obviously broke but then so is education. Let's not become so focused on keeping children healthy and alive that when they reach school age they don't get the tools they need to sustain a useful and happy life. Actually, $5,000.00 would be a rather small price to pay providing the government placed the funds in an invested annuity that grew over time and the government didn't get to use as a bank account. Also, if kids didn't use the money all of it including accrued benefits would revert back to the general fund. If this was set up right, it would be a cheap way to fund higher education probably cheaper in the long run then the current system, which is totally ineffective and biased against the middle class. The problem of course is the $20 billion a year it would take to fund the program while continuing to fund the current grants and loans programs. This might require pissing away a little less money into the military industrial and national security complex....as if they'd miss a paltry $20 billions a year!

    Favorite    Flag as abusive Posted 10:42 PM on 09/29/2007
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HEAVEN FORBID WE SHOULD INVEST IN THE FUTURE OF OUR CHILDREN!!!!!!!!!!!!!!!!!!!!!!!

The cost of this proposal is the equivalent of about 6 weeks of the WAR IN IRAQ!!!!!!!!!!!!!

IT SO MUCH MORE IMPORTANT THAT WE INVEST IN DEATH INSTEAD OF LIFE!!!!!!!!!!

    Favorite    Flag as abusive Posted 07:18 PM on 09/29/2007
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Huh? 5k per kid into perpetuity is equal to 6 weeks in Iraq?

HA HA HA HA HA HA HA

And guess what? Hillary isn't going to end the war in Iraq. So we'll end up paying for the Iraqi War as well as the 5K per kid.

And since Hillary will not increase taxes on the rich or on corporations, the taxpayer will end up footing the bill.

Jeez, read between the lines. 5k per child paid by the taxpayers of America. Maybe she'll raise taxes on cigarettes and alcohol again.

Tax and spend. That's their solution to everything.

    Favorite    Flag as abusive Posted 12:56 AM on 09/30/2007

The numbers are easy 4 millions new born a year by 5000 = 20 B the total cost of the Iraq war 2 trillion enough for 100 years 1 trillion enough for for 50 years. Incredible but war is more expensive than education. We could have build a mansion for each Iraqi family and save almost a million dead cool. We will pay the war as well for sure but in debt.

If the program only raises the level of education of the average American in 2 months it will pay for itself in increasing revenues. Do the numbers a college graduate make an average of 30000 a year more than a high school multiply for 40 years and take a 10% on taxes a conservative estimation since we have sales taxes and property taxes it will be 120000 in extra revenue for for life divide by 5000 is 4 year divided by 25 two months ONLY TWO MONTH incredible education is the best investment.

    Favorite    Flag as abusive Posted 02:55 AM on 09/30/2007

Let me tell you something---I would rather have a savings bond compunede intrest being added to it monthly tfor 18 years than the 50 thousand i owe for student loans---and I graduated a 4 year co;llege in 3 years and still had to get food stamps each semester. We need something Better than what we have now,. It may not be the best slution but at least she is comming up with new inovative ideas. Besides--I'd rather spend my tax dollars on something other than this war.

    Favorite    Flag as abusive Posted 09:27 AM on 09/30/2007

The scary thing here is that Hillary is -this close- to a good idea.

Now, if she had proposed something like setting aside a $5k baby bond for all new children, and then REVOKING their student aid in the future, THAT would be a great idea.

Heck, we could even up it to $10k. You get the money invested on your behalf, but don't come crying about financial aid later on.

In fact, we could do the same for social security, medicare, etc. Set aside $50k for every new child for retirement, then revoke their Social security benefits. Set aside $50k for Medicare, and revoke their medicare benefits.

It would be an anti-ponzi scheme.

Now, in the unfortunate circumstance that someone dies before getting their money out, that money would be put back into the pot to cover anyone that had bad luck in the financial markets.

I say let's do it and get this ponzi scheme entitlement noose from around our neck.

    Favorite    Flag as abusive Posted 07:17 PM on 09/29/2007

Holy cow, we don't even have to put that much in.

If we put $10k into the markets for every newborn assuming an annual rate of return of 10%, and had the retire at age 75, with a life expectancy of 95, their annual retirement benefit would be...

$972,001.67

A million a year. Not too bad, eh?

What are we waiting for?

    Favorite    Flag as abusive Posted 07:24 PM on 09/29/2007
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Who might I ask is going to manage that fund? And how much are they going to charge to manage that fund?

This sounds like a windfall for investment firms in NYC. Just another B.S. idea from Clinton. On the surface it sounds good, but in reality it is another payoff to the corporate interests that she is beholden to.

Assuming an annual rate of return of 10%, makes an ass out of you and me.

    Favorite    Flag as abusive Posted 01:03 AM on 09/30/2007
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