Hillary proposes new vote-buying scheme: free 401k's with $1,000 from govt

Discussion in 'Current Events' started by Little-Acorn, Oct 9, 2007.

  1. Little-Acorn

    Little-Acorn Gold Member

    Jun 20, 2006
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    San Diego, CA
    Looks like the $5,000-per-baby scheme for buying votes, didn't pan out. So Hillary has now taken it back, and now proposes to give "free" 401k retirement accounts to voters instead, with the government handing out up to $1,000 each.

    The baby-bond scheme lasted about a week. How long witll this one last before she takes it away, too? And, how many more of these free-money-from-the-government schemes will we see appear and disappear, before the actual election?

    And this person wants to run our country???



    Clinton Proposes 401(k)s, Matching Funds

    Oct 9 12:49 PM US/Eastern
    Associated Press Writer

    WEBSTER CITY, Iowa (AP) - Every citizen could get a 401(k) retirement account and up to $1,000 in annual matching funds from the government under a plan offered Tuesday by Democratic presidential candidate Hillary Rodham Clinton.

    At a cost of $20 billion-$25 billion a year, the plan is Clinton's largest domestic proposal other than her plan for universal health insurance. The New York senator said it would be paid for by taxing estates worth more than $7 million per couple and would help narrow the gap between the rich and those who don't have enough savings for retirement.

    At the same time, Clinton said she has given up another idea for a savings incentive—giving every baby born in the United States a $5,000 account to one day pay for college or a first home.

    She made that suggestion last month before the Congressional Black Caucus, saying it was just an idea and not a policy proposal. The idea was criticized by Republicans, and she told The Wall Street Journal in an interview published Tuesday that it's off the table.

    The campaign of her Democratic rival John Edwards suggested it was an example of Clinton setting her positions by polls. "Apparently, new polling data seems to have pressured the Clinton campaign to throw out the baby bond with the bathwater," said Edwards spokesman Chris Kofinis.
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  2. red states rule

    red states rule Senior Member

    May 30, 2006
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    Does this mean no Baby Bonds?

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