This just sounds like the sort of 'feelgood' cr*p that Slick Willie would have done if he'd thought of it; I thought we were past all that.
What do you mean "like"? This is Slick Willie's "Americorps", renamed and expanded. Check out James Bovard's excellent book, Feeling Your Pain : The Explosion and Abuse of Government Power in the Clinton-Gore Years for a crystal clear picture of the origins of this program.