Whether you're a fan of the Democratic presidential candidate, Hillary Clinton, or not, she is proposing an idea that every US child should get a $5,000 "baby bond." This would be given from the government to help pay for future costs of college or even purchasing a new home.Hilary mentioned this during a forum hosted by the Congressional Black Caucus where she says:
"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."Clinton didn't go into further detail about the estimate of the total cost of the program nor did she say how it will be paid for. But just think about it.... approximately 4 million babies are born each YEAR in the US!
She goes on to say that this program would help Americans get back to the tradition of savings, since it has become so difficult to accomplish with rising college fees and housing costs.
She said that wealthy kids:
"Get to have all kinds of tax incentives to save, but most people can't afford to do that."People agreed with her:
"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?"According to information from the Associated Press:
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.If it is done right this could work out wonderfully! But I can also just imagine certain families taking this as an opportunity to make money by making babies! ... that is the negative, but maybe, realistic side talking...
Earlier this month, Time magazine proposed a $5,000 baby bond program.
What do you think? Do you agree with Hillary?
hillary clinton baby amerian baby baby bond pregnancy weekly pregnant democrat
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[Source: PregnancyWeekly's Blog]
