Thread: Hillary Clinton's Baby Bonds

Democratic presidential candidate Hillary Clinton on Friday proposed giving every baby born in the United States $5,000 to start an account to use for paying for college.

Clinton made the comment at a forum sponsored by the Congressional Black Caucus as she and Democratic rival Barack Obama competed for support from black voters a day after leading Republican presidential candidates skipped a debate on minority issues.

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

While I've studied a great deal of economics, I'm a little confused with Hillary's plan. A bond, as I understand it, is issued by the borrower at specific price to the Treasury, which acts as the holder. The holder is responsible for paying back the principle and interest at an established point along with varying other obligations. However, in this case, the issuer is the Federal government, the holder is the US treasury and the beneficiary is the US citizen. Is it even legal for the federal government to take out bonds, notes, or bills on behalf of private citizens?

Also, this seems dangerous. Something like 1.2 million people are born in the US every year. At $5,000 a person, that's 6 billion dollars a year the federal government would have to invest in Baby Bonds. Then, if the bonds pay out something like $18,000 after 18 years, that would be over twenty billion a year the treasury would have to pay out in bonds. This number would also increase anytime births increased.

Does this worry anyone else, or am I missing something that makes this a really good idea?

Originally Posted by Burning Giraffe

Does this worry anyone else, or am I missing something that makes this a really good idea?

Hillary and all her socialist tendencies worry me...

Does investing in the treasury help the economy in anyway? I mean, would Senator Clinton really propose something this radical in an election year?

Originally Posted by conservative

Hillary and all her socialist tendencies worry me...

Im sure this would also include the million anchor babies being born in this Country every year...and the 10 million more on their way.

Originally Posted by Six

Im sure this would also include the million anchor babies being born in this Country every year...and the 10 million more on their way.

I honest to God believe that is what this is about. Lets see $5,000 fine paid, just have a baby. Or I could be reaching. Either way this blows.

Maybe Hillary has had a change of heart about abortions.

Originally Posted by Migi e!

Maybe Hillary has had a change of heart about abortions.

Nice thought but I doubt it. Maybe she thinks we need to attract mire immigrants. They are going to shove the DREAM Act down our throats, and this will pay the fines and costs.

So the general consesus is that there is no economic upside to this kind of federal pogrom? lol I mean program.

Originally Posted by Burning Giraffe

So the general consesus is that there is no economic upside to this kind of federal pogrom? lol I mean program.

Not with me, I see it as magnet that will surely drive wages down the tubes. I am against it.

It's just one more step in Hillarys dream of Marxism for the US. As long as Hillary lives, Saul Alinsky will never be dead.