Posts Tagged ‘Hillary Clinton’

Hillary’s Baby Buyout

Friday, October 5th, 2007

This just in: Hillary has yet another remarkable new plan to redistribute wealth:

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.

…or a car, or a kewl new stereo, or to party like a rockstar for about five minutes. Handing something to somebody does not teach them responsibility. In fact, getting something for nothing generally promotes irresponsibility.

Oh, and is it safe for me to assume that “every child born in the United States” includes those born to people who are here illegally? Hey, we’ve got a problem — let’s encourage more of it!

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.

Well, lessee… four million births times five thousand dollars is twenty billion dollars. Every year. Forever. Oh wait, my bad. The birth rate does tend to rise over time….

Clinton said such an account program would help Americans get back to the tradition of savings that she remembers as a child,

You know, the way Social Security taught everybody to save for their own retirement? The way Welfare taught the poor how to get themselves out of poverty? Just like that.

and has become harder to accomplish in the face of rising college and housing costs.

And five seconds after the law is passed, the Democrats will suddenly realize that it won’t provide enough money to entirely pay for college, or a house, and immediately decry how it therefore exploits the poor and subsidizes the rich (See also: school vouchers). Naturally the amount will have to a) be raised enough to pay entirely for college, and b) taken away from the eeeevil rich folks who don’t need it anyway, and c) clearly this awful disparity is all the Republicans’ doing, as it’s all about them buying votes from Big Corporations (‘cuz, y’know, corporations can vote), and the principled pure-as-the-morning-dew Democrats must stop these destructive politics.

She argued that wealthy people “get to have all kinds of tax incentives to save, but most people can’t afford to do that.”

Actually, I’m impressed. I didn’t realize Hillary supported the Fair Tax!

“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 [sic] 18?”

Yeah, you moron. Now every kid will owe $32,000 on the national debt. Or did you imagine that the money would magically appear out of thin air? If somebody owes me five dollars, it makes no sense to loan them five more dollars so they can pay back the first loan.

This proposal is two things to me:

  1. One of the dumbest political proposals of my lifetime, and
  2. The most blatant attempt to purchase votes I have ever encountered

…unless of course you’re a politician who is far more interested in your own personal power than in actually doing some good for the country; in which case it all makes perfect sense.

Hati Tip: Space4Commerce

[Update: From YoungGoGetter: “She says it will help Americans get back into the swing of ?savings?. I think it will get Americans back into the swing of abusing government funds.” A-Yup.]