Hillary's 5000 baby bond plan.

Discussion in 'Politics' started by RetiredGySgt, Sep 29, 2007.

  1. RetiredGySgt
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    RetiredGySgt Platinum Member

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    This is from a news clip on Fox, not sure how to link to it.

    Hillary Clinton has proposed that all babies born after she creates this fund be given 5000 dollar bond that matures at 18. No strings attached. Current estimated cost... 20 Billion dollars.

    To be fair the program is light on what she ACTUALLY said, no quotes, no film of her SAYING it. One of the people on the program notes he is not sure how serious she was and that it could have just been a comment she was not wed to.

    Bad idea indeed. By the way the plan is for ALL babies, irregardless of family or income.

    If anyone has something to link for this please do so. I found it by first looking at the meat recall and clicking on one of the videos on the side from there I saw it on the fox news portion of videos.
     
  2. Annie
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    Annie Diamond Member

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    Here's the AP story:

    http://hosted.ap.org/dynamic/stories/C/CLINTON_BABY_BONDS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

    4x5000=$20milliion
     
  3. RetiredGySgt
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    RetiredGySgt Platinum Member

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  4. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    I wonder how much less people would be able to save, when their taxes (or inflation) went up due to this idea.
     
  5. ScreamingEagle
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    ScreamingEagle Gold Member

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    Not to mention that as federal aid increases, college costs go up as well.

    I think this baby bond plan spotlights the "cradle to grave" socialism that Hillary wants to impose upon America.
     
  6. Gem
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    Gem BANNED

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    I think the $20 billion dollar number is ludicrously "light."

    Who is going to organize this $5,000 per baby program? Who is going to keep all the information organized, send out the bonds, keep track of making sure they get to all the newborns in time with instructions for mom and dad on what exactly to do with a bond? Who is going to watch the bonds to make sure no one is fraudulently trying to remove bonds to early...who is going to answer all the questions parents and their children have about their bonds throughout the course of those 18 years?

    Obviously, we are going to need another government agency (or at the very minimum, another office in an already bloated agency) to plan and carryout this wonderful idea of providing for our nations young. That agency is, of course, going to require a staff that will require salaries, benefits, and (since they will be state workers) retirement plans.


    $20 billion??? Are they kidding???
     

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