Why not just give each child when they turn 18 years, starting from now, $12,500! Available as soon as they verify by some document or other their date of birth. Today, that would be a cheap new car, or a down payment on a Mustang, whatever the receipient wanted to spend it on.
Obviously giving an immediate $12,500 instead of $5000 would balloon the cost from $20 Billion to $50 Billion or so. But hey, it's for the children, right?
And what the hell, it's just government money, after all! Not like it would come out of your pockets, or anything!
It will buy a hell of a lot more than $0.00 now won’t it?
ballplayer seems to get it. (#36) “How can the witch be in favor of this when she is not for privatization of social security.”
This was my point. The two are not really much different. But I believe if you did the math, Hillary’s idea would have a more positive long term impact on the economy.
As I said, it is worth looking at closer. And believe me, I NEVER thought I would EVER agree with “the witch”.
Let the economists examine the options. I have said for years that this government does the same crap over and over and never quite gets it just right. Lets look at something new. Like this or SS privatization again.