Good news for parents and parents-to-be arrived last week from presidential candidate Hillary Clinton. Hillary has just proposed a plan whereby the "government' would supply each baby born in America with a $5,000 bond. By "government" she means taxpayers. The child could use the money when it grew up for a college education or , in Hillary's words, ...buying a home."
This proposal will no doubt appeal to everyone who thinks government should be responsible for the care, feeding, housing and higher education of all its citizens regardless of their contribution to said efforts.
It's certainly a boon for parents who don't want to pay for their own kid's education. And why should they when they can use the government to take money from others to do it? The only ones who will suffer are people with jobs who will now have to educate both their children and complete strangers without having a say in the matter.
Most folks will call this another handout. And not a cheap one. Early estimates tag the program at $20 billion year year to start with.
But Hillary insist it's not a government handout.
She calls it "saving," saying, "...more savings, starting with the so-called baby bonds idea where every person born in this country would be given that kind of account because we want to make an investment in America's young people."
I just have one question. How can it be considered "saving" when some of the people who benefit from the program don't save a dime.They just get someone else's money for free and calling it savings.
Maybe it's just me, but this one sounds like pure income redistribution.
Karl Marx must be smiling.
Monday, October 1, 2007
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1 comment:
i don't like this idea,either, for a variety of reasons. however, in terms os its cost, we have spent over $450 billion in Iraq so far, with no end in sight.
with four million babies born a year, the cost would be twenty billion a year. four hundred and fifty billion dollars would fund this program for more than 22 years.
this would have been preferable to spending it in Iraq.
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