Posted on 09/29/2007 2:00:06 PM PDT by John Semmens
Democratic presidential candidate Senator Hillary Clinton (D-N.Y.) said that every child born in the United States should get a $5,000 "baby bond" from the government. Clinton 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 government bond 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 down payment on their first home," Clinton said.
The plan would be funded by allowing the Bush tax cuts to expire. “Most taxpayers have more money than they need,” Clinton asserted. “When I’m president, the government will take this money away from them and put it to better use.”
Clinton said such a program “would help build a stronger economy by making an investment in America's young people."
The idea of encouraging savings that would grow over time is a key feature of President Bush’s proposal to permit private investment accounts as a way of rescuing the Social Security system from insolvency. Asked if her new enthusiasm for saving and growth meant she was reconsidering her opposition to Bush’s proposal for Social Security reform, Clinton said “No, the president’s plan is predicated on private accounts and individual decisions. He would allow people to choose their own investments. That is too much latitude. We need an approach aimed at the collective good. The government bond in my proposal will ensure that the funds remain securely in the government’s hands.”
(Excerpt) Read more at azconservative.org ...
seen here too:
http://www.freerepublic.com/focus/f-chat/1904045/posts
Ah, as opposed to parents taking care of their family on their own and doing the same with personal freedom of choice?
This woman is NOT a freedom loving person.
Let’s just call this Hillary’s plan to end abortions. Who would abort $5,000.
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