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.
My wife just did he math on this since Hillary didn't want you to know the price tag...that's $20billion per year. Billion with a "b". Guess who pays for that? The same people who pay for all fabulous cash and prizes that get handed out to the shiftless degenerates who'd rather take some of what somebody else earned, instead of earn it themselves.
Wait 'till Hillary gets elected queen. You will see America plunge from a wealthy nation based on the accomplishments and rights of the individual, into a collection of minority tribes clamoring for ever greater government handouts, paid for by the shrinking productive class.