In a blatant attempt to buy votes,presidential candidate Hillary 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.
After coming across the story, I googled $5,000 baby bond program. and have a boat-load of references.
The stories make mention of the fact that nearly 4 million babies are born in the U.S. every year.Do the math. The cost would be close to $20 billion a year.Where would the money come from? Oh yeah, I guess I forgot about The Magic Money Tree growing behind the White House.
Something that isn't mentioned in any of these stories is that, by law, any child born in the United States is an American citizen regardless of the legal status of his or her parents. Should this plan see the light of day, babies born here to illegal immigrants would be entitled to the baby bond.
Of course, even if Clinton is elected, the scheme would have very little chance of passing in Congress.Passage of the legislation isn't her primary motivation in bringing this up ,however.Even if the bill fails, her idea-even if unsuccessful-would show that she "cares". The blame will shifted to someone else.It would be those evil, mean spirited Republicans who stopped her from helping the children.