Hillary - did you forget to give Biden credit for using his savings plan for kids?

[jillan]

Joe Biden 9/20/07

3. Starting Savings At Birth With $500 Kids Accounts
Invest $500 In A Kids Account For Every Child Born After December 31, 2008. Joe Biden would create individual Kids Accounts for every child endowed with an initial contribution of $500 from the government. Kids Accounts would be redeemable for education expenses, home ownership or retirement beginning at age 18. Unused funds can be automatically rolled over into Individual Retirement Accounts at age 18.

Parents and Grandparents Could Contribute $1,000 A Year. Joe Biden would permit parents and grandparents to make a $1,000 after-tax contribution into Kids Accounts. Earnings in the account would be tax free.

Match Contributions For Low-Income Children. To encourage saving and investment Joe Biden would provide a dollar-for-dollar match on the first $500 contributed to the account for children in households earning below the national median income.

Kids Account Holders Would Repay Initial Deposit At Age 30. Joe Biden would require children who receive Kids Accounts to repay the government's deposit when they reach 30.
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Hillary Clinton - 9/28/07

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.

"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.

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Of course Hillary had to make Biden look like a cheapskate - she wants to give kids 5,000 -- while Biden only wants to give them
500.

[Colobo]

1. She RUINED Biden's plan, which is way more logical.

Even though I insist- it should be based on economic standing of parents.

[jillan]

3. I can't believe how similar they are - I wonder if Biden knows.

[Colobo]

5. There is a big difference between $500 and $5,000

[jillan]

6. There's a big difference what certain people will say---- never mind.

[Colobo]

7. Dude, I'm on Biden's side on this.

[jillan]

8. I wasn't referring to you as the person who would say anything.

Don't make me say it.

[Colobo]

9. Say it... :)

[jillan]

10. nope - Bidenites try real hard to be nice.

[illinoisprogressive]

2. It's standard practice to steal from the other candidates and call it your own

[jillan]

4. It is? Color me ignorant then.

[ElizabethDC]

11. It's unlikely that Biden is the first person to come up with this plan anyway

isn't it something that's done in some other countries already? I know in France, for example, parents receive an allowance (I forget how much) when a child is born. I don't know if it goes into a savings account, though.

[papau]

12. We discussed it in the 60's - along with the 1972 give an annual $1200 per year to

every American as cash was the one thing the poor did not have (Food Stamps were being sold for 50 cents on the dollar right into the 90's).

The $100 per month check idea was so simple yet so great I was amazed the way the media made fun of it and destroyed those who were for it.

[gateley]

13. Regardless of whether or not a similar approach was discussed previously,

Biden wants to make sure a plan is implemented. Can you even imagine such a concept coming out of the White House during this administration?