Posted by
Jason on Friday, September 28, 2007 2:51:59 PM
In her insatiable lust for power, I wonder if there is anything Sen. Hillary Clinton (D-NY) won't promise. Her latest proposal would be for the government to give every child $5000 when they're born so that the child has money to go to college of purchase a home. With about 4 million babies born each year in the U.S., that a $20 billion proposal, not to mention what it will cost to open another government bureaucracy overseeing the program. She doesn't offer a plan on how to pay for it though... big surprise.
Does it make sense to anyone else that our extremely inefficient government should tax a child's parents more, only to turn around and give their child $5000? Why not let parents save for their own children? Then when a child grows up, the family can decide how to spend the money, rather than the government.