Billary $5K for every baby

[lolz]

Clinton: $5,000 for Every U.S. Baby

Sep 28 01:16 PM US/Eastern
By DEVLIN BARRETT
Associated Press Writer

WASHINGTON (AP) - Democratic presidential candidate Hillary Rodham Clinton said Friday that every child born in the United States should get a $5,000 "baby bond" from the government to help pay for future costs of college or buying a home.
Clinton, her party's front-runner in the 2008 race, made the suggestion during a forum hosted by the Congressional Black Caucus.

"I like the idea of giving every baby born in America a $5,000 account that will grow over time, so that when that young person turns 18 if they have finished high school they will be able to access it to go to college or maybe they will be able to make that downpayment on their first home," she said.

The New York senator did not offer any estimate of the total cost of such a program or how she would pay for it. Approximately 4 million babies are born each year in the United States.

Clinton said such an account program would help Americans get back to the tradition of savings that she remembers as a child, and has become harder to accomplish in the face of rising college and housing costs.

She argued that wealthy people "get to have all kinds of tax incentives to save, but most people can't afford to do that."

The proposal was met with enthusiastic applause at an event aimed to encourage young people to excel and engage in politics.

"I think it's a wonderful idea," said Rep. Stephanie Stubbs Jones, an Ohio Democrat who attended the event and has already endorsed Clinton. "Every child born in the United States today owes $27,000 on the national debt, why not let them come get $5,000 to grow until their 18?"

Britain launched a similar program in January 2005, handing out vouchers worth hundreds of dollars each to parents with children born after Sept. 1, 2002.

Earlier this month, Time magazine proposed a $5,000 baby bond program.



Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[chris817]

what difference is this than bloombergs idea of giving parents money for doing everyday activities.. like kids going to school and passing, keeping doc appts
I don't think its a bad idea

[lolz]

what difference is this than bloombergs idea of giving parents money for doing everyday activities.. like kids going to school and passing, keeping doc appts
I don't think its a bad idea


It's a terrible idea, we have a whole class of social parasites that are on public assistance and refuse to get off it, this will just give them incentives to continue to pop out kids to get paid, i highly doubt that a lot of those people will take that money and put it away for their kids…I don't agree with Bloomberg's idea either, why the fuck should tax payers pay someone to do something they're supposed to do like go to school or stay out of trouble, more government involvement in people's lives.. Bloomberg and Billary should reach into their own pockets for these programs if they want it.

[RICKY]

It's a terrible idea, we have a whole class of social parasites that are on public assistance and refuse to get off it, this will just give them incentives to continue to pop out kids to get paid, i highly doubt that a lot of those people will take that money and put it away for their kids…I don't agree with Bloomberg's idea either, why the fuck should tax payers pay someone to do something they're supposed to do like go to school or stay out of trouble, more government involvement in people's lives.. Bloomberg and Billary should reach into their own pockets for these programs if they want it.

:Amen

[woo]

ooo.. let the govt create another $5k thru the federal reserve which hasn't existed before.
bonds is money created out of NOTHING!!!
inflationmania :boop

[woo]

It's a terrible idea, we have a whole class of social parasites that are on public assistance and refuse to get off it, this will just give them incentives to continue to pop out kids to get paid, i highly doubt that a lot of those people will take that money and put it away for their kids…I don't agree with Bloomberg's idea either, why the fuck should tax payers pay someone to do something they're supposed to do like go to school or stay out of trouble, more government involvement in people's lives.. Bloomberg and Billary should reach into their own pockets for these programs if they want it.

doesn't the baby own the bond? it cashes @ age 18...

all in all it doesn't matter if the voters want it or if hillary wants it. if the federal reserve wants the equivalent of bonds in x amount formed in USD it will be done. the matter of HOW it will be done is determined by the politicians.

do you think they [politicians] will issue bonds for free to anyone else other than poor or freshly born people?

[chris817]

It's a terrible idea, we have a whole class of social parasites that are on public assistance and refuse to get off it, this will just give them incentives to continue to pop out kids to get paid, i highly doubt that a lot of those people will take that money and put it away for their kids…I don't agree with Bloomberg's idea either, why the fuck should tax payers pay someone to do something they're supposed to do like go to school or stay out of trouble, more government involvement in people's lives.. Bloomberg and Billary should reach into their own pockets for these programs if they want it.


I agree but the money does not come to the person unless they graduate highschool and go on to college.. So how could that cause people to pop out kids to get paid?

[jameznyhc]

what difference is this than bloombergs idea of giving parents money for doing everyday activities.. like kids going to school and passing, keeping doc appts
I don't think its a bad idea

Bloombergs program is based on donors not goverment...you know greedy rich white guys lol..theyre contributing to bloomys proposal

[woo]

and pple who go to college take out LOANS... DEBT>>> interest... in the long run the fed profits lol

[chris817]

Bloombergs program is based on donors not goverment...you know greedy rich white guys lol..theyre contributing to bloomys proposal

yes your right. it was not by taxes.. How long do you think that will last?

[ShaE]

Clinton: $5,000 for Every U.S. Baby

Sep 28 01:16 PM US/Eastern
By DEVLIN BARRETT
Associated Press Writer

WASHINGTON (AP) - Democratic presidential candidate Hillary Rodham Clinton said Friday that every child born in the United States should get a $5,000 "baby bond" from the government to help pay for future costs of college or buying a home.
Clinton, her party's front-runner in the 2008 race, made the suggestion during a forum hosted by the Congressional Black Caucus.

"I like the idea of giving every baby born in America a $5,000 account that will grow over time, so that when that young person turns 18 if they have finished high school they will be able to access it to go to college or maybe they will be able to make that downpayment on their first home," she said.

The New York senator did not offer any estimate of the total cost of such a program or how she would pay for it. Approximately 4 million babies are born each year in the United States.

Clinton said such an account program would help Americans get back to the tradition of savings that she remembers as a child, and has become harder to accomplish in the face of rising college and housing costs.

She argued that wealthy people "get to have all kinds of tax incentives to save, but most people can't afford to do that."

The proposal was met with enthusiastic applause at an event aimed to encourage young people to excel and engage in politics.

"I think it's a wonderful idea," said Rep. Stephanie Stubbs Jones, an Ohio Democrat who attended the event and has already endorsed Clinton. "Every child born in the United States today owes $27,000 on the national debt, why not let them come get $5,000 to grow until their 18?"

Britain launched a similar program in January 2005, handing out vouchers worth hundreds of dollars each to parents with children born after Sept. 1, 2002.

Earlier this month, Time magazine proposed a $5,000 baby bond program.



Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


I think the concept of savings has to be taught at home, and that if anything the gov't should get some control over the OUT of control costs of colleges. It's just urneal the amt of debt most people have to take on to attend school, yet we tell them " get a good job, take care of yourself". We put so many tuitions out of reach for so many. There will always be costlier items than others, that's fine, but like anything sometimes prices reach thru the stratosphere.

It's not such a bad idea to invest in the people of your country, I just don't know if handing somebody 5k just for being born is a real investment.

[ShaE]

yes your right. it was not by taxes.. How long do you think that will last?

he admittedly said it was going to be attempted via donations, and if sucessful implemented as a gov't program. he didn't want to "experiment" w/ taxpayer dollars. if it works, we'll be paying for it.

[ShaE]

It's a terrible idea, we have a whole class of social parasites that are on public assistance and refuse to get off it, this will just give them incentives to continue to pop out kids to get paid, i highly doubt that a lot of those people will take that money and put it away for their kids…I don't agree with Bloomberg's idea either, why the fuck should tax payers pay someone to do something they're supposed to do like go to school or stay out of trouble, more government involvement in people's lives.. Bloomberg and Billary should reach into their own pockets for these programs if they want it.

how do they (the parents) get paid if the bond is held by the child?

[LiTtLeE OnEe]

i think its a good idea, with the right restrictions and regulations, it could work towards the benefit of society.

if i had a $5,000 bond that was growing and got it at 18 to go to college, i would have went to a much better college than i am attending now.

[jameznyhc]

he admittedly said it was going to be attempted via donations, and if sucessful implemented as a gov't program. he didn't want to "experiment" w/ taxpayer dollars. if it works, we'll be paying for it.


yeah but he would need albanys and the city councils consent..also its a very long term based program so you wouldnt get results for at least 10 years to see if the kid graduates high school, made all his doctor visits, etc..

[ShaE]

yeah but he would need albanys and the city councils consent..also its a very long term based program so you wouldnt get results for at least 10 years to see if the kid graduates high school, made all his doctor visits, etc..

def, but you know what, i give anyone credit for thinking of innovative ideas, whether good or bad, and having the balls to try it out. clearly what we're doing at home and in school isn't working, our kids are self-cenetered morons, so we gotta think outside the box and pull our shit together.


or maybe it's that map shortage that dumb bitch mentioned making them all stupid :chuckle

[jameznyhc]

def, but you know what, i give anyone credit for thinking of innovative ideas, whether good or bad, and having the balls to try it out. clearly what we're doing at home and in school isn't working, our kids are self-cenetered morons, so we gotta think outside the box and pull our shit together.


or maybe it's that map shortage that dumb bitch mentioned making them all stupid :chuckle


yep as long as it private money and it does produce some results it win win for both..I think hillarys plan is ridiculous because we dont even have money in social security ..fix that before handing out 5k lol

[ShaE]

yep as long as it private money and it does produce some results it win win for both..I think hillarys plan is ridiculous because we dont even have money in social security ..fix that before handing out 5k lol

true, social security needs to be fixed b/c it's a gov't program, already existing, we've ALL paid into it, and I'm sorry everyone who paid deserves theirs. you can dispute whether it should've been started in the first place all u want, but it was, and they gotta fix this shit.

but something must also be done about education costs/ quality of schools. again, i appreciate ideas just on principle.

[Studz]

I like the idea, All the social classicists don't like the idea cause it will let normal and poor people be able to attend schools that are expensive and not be drowned in debt. I started my career with a 60K balance and thats after all the scholarships, grants and what i paid to each semester. And my MBA is going to cost another 40K. With strcit regulations this would work.

In my views the gov't should help pay (not give u loans) for a citizens education. If you can get accepted to a top school there should be nothing stopping you from attending. It works in eruope and other countries.

[jameznyhc]

I like the idea, All the social classicists don't like the idea cause it will let normal and poor people be able to attend schools that are expensive and not be drowned in debt. I started my career with a 60K balance and thats after all the scholarships, grants and what i paid to each semester. And my MBA is going to cost another 40K. With strcit regulations this would work.

In my views the gov't should help pay (not give u loans) for a citizens education. If you can get accepted to a top school there should be nothing stopping you from attending. It works in eruope and other countries.

as for letting poor people attend excellent schools ..vouchers were going to use private money but the dems, and unions opposed the plan ..

As for europe..you have to pay just to go to public school unlike here in america everyone is guaranteed a free education k-12th grade..

[ShaE]

as for letting poor people attend excellent schools ..vouchers were going to use private money but the dems, and unions opposed the plan ..


that may be b/c they see it as an admission that public schools are unfixable, or as a clear sign of avoiding trying to fix them. I'm not saying I agree, but it could be seen that way.

I think ensuring every citizen gets an education is on par w/ every citizen being cared for medically. I don't think you need to "earn" the right to an education if you're born here, nor do I think you need to "earn" the right to receive necessary medical treatment. Just to make a comparison. You can always "buy" a better education, or better medical care, but basics should be there via the taxes we pay alone.

[lolz]

Ok she changed her tune but now there's this gem

http://news.yahoo.com/s/ap/20071009/ap_po/clinton_retirement_accounts


Clinton urges 401(k)s, matching funds By NEDRA PICKLER, Associated Press Writer
24 minutes ago



WEBSTER CITY, Iowa - Families could get 401(k) retirement accounts 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.

As for the retirement accounts, Clinton said during a campaign stop in small-town central Iowa, "They will begin to bring down this inequality that is eating away at our social contract." She said, "This is a major commitment to how I believe we can begin to right the balance again."

Her campaign said that for every $7 million estate that gets taxed, at least 5,000 families would receive the matching funds.

Clinton said she wants to create "American Retirement Accounts" in which each family could put up to $5,000 annually in a 401(k) plan. The federal government would provide a tax cut to match the first $1,000 for any household that brings in less than $60,000 a year and 50 percent of the first $1,000 for those that make $60,000-$100,000.

Her campaign said the accounts would be designed for adults of working age and not open to children, but that it wouldn't be a requirement that people work to participate. The matching funds would come in the form of a refundable tax credit that would be deposited into the 401(k) plan.

Higher income earners who don't have employer-sponsored plans could participate, but contributions to the accounts would count against the IRA contribution limit.

She said she would encourage employers to have direct deposit from paychecks into the accounts.

Clinton said less than half the families in the United States have retirement savings accounts and those who have them aren't saving enough. She said she often meets people working even into their early 80s because they don't have enough savings.

"We don't have much of a nest egg to fall back on," she said.

Although the money would be intended mainly for retirement, she said people should also be able to use the savings to buy a house or pay for college and the government should consider letting workers use a portion for hard times like an illness or accident.

Clinton said the accounts should not be used to replace any part of Social Security and that she is committed to addressing the long-term challenges of that program.

"We have to fight and finally bury the idea of privatizing Social Security," she said.

[woo]

a gov't bond is a deal the gov't makes with the federal reserve... that the amount will be paid in interest. u

it is new money created. a deal the gov't mmakes which they themselves need to pay interest TO the federal reserve. u will understand this once u accept th e federal reserve to be just as tfederal as the federal express.

sure they will tell you the gov't appoints the fed's cabinet but seriously.... will they appoint someone who isnt approved of by the new world order?

this dumb bitch wants to create more debt on interest.

democracy lol... why not develop a way to pay back into the system :booted