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

[2rth2pwr]

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.
http://www.breitbart.com/article.php?id=D8RUJEL00&show_article=1

"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.


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."


"I think it's a wonderful idea," said Rep. Stephanie Stubbs Jones, an Ohio Democrat who attended the event(Congressional Black Caucus) 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?"

Go Hillary!

[fedupfisherman]

1. What about the children of illegals born here?

n/t

[2rth2pwr]

2. They are US citizens. nt

[DemocratSinceBirth]

4. Good Point...

eom

[bunkerbuster1]

3. You mean "citizens?"

Guess they'd get it too.

[Fridays Child]

5. Under current law, aren't they citizens?

Unless and until that changes, they would be included.

[DemocratSinceBirth]

9. Wouldn't You Have To Amend The Constitution To Accomplish That?

eom

[Fridays Child]

17. Interesting question. Found this...

http://www.postchronicle.com/commentary/printer_212104118.shtml

A common misconception is that the Constitution through the Fourteenth Amendment confers citizenship upon everyone born in the United States, whether or not they were born to an illegal alien.

Actually, the Constitution itself does not provide citizenship to those born of illegal parents; the Supreme Court only said it did in an 1898 decision known as 'U.S. v. Wong Ark Can', and it is politically correct to accept this Supreme Court decision while ignoring others.

The problem is that the court majority in the Wong Ark Can case, as is so often today, 'made law' according to their personal beliefs and not what those that wrote the Constitution (or in this case, the 14th Amendment) actually intended at the time it was written. Justice Horace Gray, who wrote the majority decision in the Wong Ark Can case, reveals exactly what the majority was up to by avoiding discussion about the intention of the clause by the two Senators whom are most responsible for the language of the Fourteenth Amendment, Senators Jacob M. Howard and Lyman Trumbull.

[ronnykmarshall]

6. Oh there she goes again pandering to the baby lobby!

:sarcasm:

[hedgehog]

7. I don't know, Bill promised me 15 years ago he'd help my kids

pay their way through college helping the county. I hate to tell you how much I've had to take out in student loans. Thank heavens and the voters of New York State we have a good public university system here!



BTW - that child tax credit was a bit less than promised, too. Some years, taking the child tax credit flipped me into the alternative minimum tax bracket, so it was a wash!

[sandnsea]

14. Think how the 50% feel

who make less than median income. Grants barely pay tuition and books, so low income parents end up with the same amount of student loans you've got. No, that college tax credit didn't do anybody much good. We need HUGE change in this country and I don't really know that any candidate, other than Kucinich, is really taking on the challenges.

[hedgehog]

18. OMG - yes - I think of that every time I pay my bills.

I can't figure out how anybody is getting by these days!

[Dawgs]

8. And, she's going to pay for this how?

[DemocratSinceBirth]

13. By Restoring Progressivity To The Tax Code

eom

[robinlynne]

10. I think all parents who don't have any children should get 5000.oo to put towards

solar energy and environmental protection, since they will be doing a good thing for the planet.

[sandnsea]

11. Great when Edwards had it too

I prefer real universal health coverage and education for all.

[againes654]

15. Me too

this seems to be another spin case.

[robinlynne]

12. or even better, those who choode to adopt instead of getting pregnant should get

free college tuition for those children.

[DemocratSinceBirth]

19. I Suspect The Child Would Come With The Dowery...

Think about it...

[robinlynne]

21. My point is that having more children is not a good thing for the planet. Adopting one, however,

is. I was being sarcastic saying I oppose this idea of "paying people to have babies".I can't think of a worse idea, really. Sort of like paying people with tax deductions to drive hummers. just a bad idea.

[DemocratSinceBirth]

23. If The Child Was Born After The Law Was Signed He Has That $5,000.00 Bond Whether He's Adopted Or

Not, Presumably...

[HeraldSquare212]

16. I can't get the link to work

She said "I will do this as President" or "I like the idea"?

[fedupfisherman]

20. What about inflation?

What will 5 thousand really buy down the road??

Why not 15 thousand per child?

[DemocratSinceBirth]

22. It's A Bond So It Will Collect Interest.

And , respectfully, your argument about making it $15,000.00 is what some right wingers do when you say you want to raise the minimum wage... They will say why don't you raise it to $50.00 an hour...

It will help...

[fedupfisherman]

24. Does this also apply to rich kids?

n/t

[DemocratSinceBirth]

29. I Guess It Would Apply To Everrybody,My Friend..

But then again, the same problem , arises as in the minimum wage debate... If you advocate "free" medicine some wingnut will come along and say "you really want to give Bill Gates free medicine"....

Who cares if a few rich folks get a break ($,5000.00 to Bill Gates is probably like a dollar to you or I) as long as poor, working class, and middle income folks get a break?

[fedupfisherman]

30. No breaks for rich kids

Sorry.

[DemocratSinceBirth]

34. Define Rich...

A family that makes $50,00.00 with one kid doesn't have as much disaposable income as the same family with five kids...

I'm curious what your formula will be...

[democratsin08]

25. she isnt always right

idiot idea. why cant i get 5k from someone else? i need it more that some infant.

[jillan]

26. She totally stole that from Biden - escept he said $500

http://www.desmoinesregister.com/apps/pbcs.dll/article?AID=/20070920/NEWS09/709200385/1001/rss01

[Milo_Bloom]

27. 18 Years into the future....

TOYOTA'S new 15K sports model becomes the biggest selling car in history as 2 million children all receive the results of their 5K investment from Clinton and spend it buying a car instead of on college.

[BeyondGeography]

28. How do you police the money?

Who enforces that it will be used for education or buying a home (something many people can't afford to do until their 30's now)? And who manages the account? Parents (like they'll keep their hands off it) or the government (a new bureaucracy or a private firm?).

You hand Americans money and they want to spend it. This strikes me as an administrative nightmare and nothing more than a gimmicky variation on the privatization theme. Stop complaining about the soaring cost of education...what do you think those baby bonds were for?

[THUNDER HANDS]

31. those parents with 17 kids are sitting on a windfall

17 x $5,000 = $85,000

[democratsin08]

32. lets give everyone 1 million bucks!!

ill be first in line!!

[flpoljunkie]

33. Hilary Rosen, Hillary supporter, just said on MSNBC that was "not an official proposal."

(It is, however, a major pander to the Congressional Black Caucus Conference.)

Then, after Tucker showed the clip of Hillary today saying this, Hilary Rosen said "that's going to be hard to back away from."

(And people say that Bill and Hil will say anything to get elected...)