MEDIA WHORE!!!!!!
every child born in the United States should get a $5,000 “baby bond”
geez.....the same amount an illegal alien is/was to be “fined” to wipe away their criminal presence and initiate a “pathway” to citizenship...
Chicken in every pot!
There's really no other way to describe it.
I would rather tax the Hillary and the pro-aborts $5,000 per abortion and give it crisis-pregnancy centers.
of course this will sound racist...but...
what groups will immediately procreate for the $5,000?
It won’t be the white middle class tax payers that are struggling now to pay the taxes to support all of these free giveaways!!!!!
What if this $5,000 bounty on every newborn provides the incentive to reduce abortions?
Even RAT comments online confirm that this is a bonehead idea. Is she trying to buy votes on a fictitious proposal? Couldn't be...
Is she going to pay for it out the goodness of her heart?
I don’t think this is an original idea. I vaguely remember the same plan discussed up here in the Peoples Republic of California a few years ago although as I recall it was way less than $5000.00.
And who gives birth to these children...the gov't?
“She argued that wealthy people “get to have all kinds of tax incentives to save, but most people can’t afford to do that.”
“but most people can’t afford to do that”.....That is just a lie. Most people who don’t save money are WORKING people. They live above their means. Want and get more than they can afford. The bigger than needed home, newest cars, electronic gizmos etc.
But I wouldn’t write this idea off too soon.
Lets look at it closely. First, it sounds like the older idea to allow each worker to invest some of their own SS funds into a PRIVATE ACCOUNT for future use. This plan would allow an immediate ‘nest egg’ for use after say 40 years old. I don’t know, pick an age.
We are talking about $20,000,000,000 a year going into some type of PRIVATE SECTOR financial institutions. What if ALL financial institutions were willing and allowed by the government to take in this $5000 per child FREE OF CHARGE. No fees to the owner of the account. The banks sure should be able to protect the principal and make a small profit off of that kind of money.
$20,000,000,000 is less than 3/4 of 1 % of what the Federal government will spend this year.
Using the ‘rule of 72’, $5000 will double in 14 1/2 years at 5% return. With a 30 year investment, that $5000 will become $20,000. If parents want to add to it to some limit good.
If all financial institutions competed for all those dollars, we may get some good rates. Those deposits could be lent as home mortgages.
Lets not write this idea off too fast.
Lets hear from some financial experts here.
Wow.....another "lockbox" that would never, ever, ever be pillaged by a money-crazed Congress.
What the hell is 5,000 going to do in 18 years. Especially if it’s under government control! She is such a fraud.
Boy,we’ve come a long way from McGovern’s $1,000 gimmick. Inflation, I guess.
Can you imagine the “Coming of Age Parties”?
Can you imagine the “Coming of Age Parties”?
I always get a little resentful when politicians try to buy our votes with our own money.