Results so far:
| Good | 29% | 20 votes | Total: 68 votes | |
| Bad | 71% | 48 votes |
I thought I'd post my opinion here and attempt to defend Hillary Clinton's Idea. First $5,000 a kid might not be such a bah, bah, bad concept. Just think the Federal Government issuing s bond for five grand, it might just come in handy to pay down that mounting debt you child will be faced with paying the Chinese government down the road. Know what I mean? Besides when is the last time anyone turned down a free 5,000 dollar gift from your rich uncle Sam. Why the guys loaded, and he'll just blow it on something totally stupid and useless anyway in the end. Won't he? Like a bridge to nowhere, or perhaps a museum commemorating Woodstock! Whoops almost forgot that would be the good New York senators Pork barrel project, my bad.
See Hillary can't even be trusted with your hard earned bucks people. Maybe that's why she's trying to give it away. Besides given the falling dollar 5K today will almost certainly be worth half that by the time Juniors ready for collage!
I know some of what I've heard about the idea that makes it not so favorable. Things like it well go to one million unwed mothers that are mostly teens. One that's little more than a convoluted distortion of the truth. The fact of the matter is that teen pregnancy rates have fallen expeditiously through out the 90's, and have fallen to their lowest rates in years as clearly stated on the governments data (see findarticles.com/tee npregnanceyrates). It's actually close to a half of that 500,000. The other misperception that was pointed out that was against this idea was the other convoluted untruth is that it is going to encourage adolescents run out and engage in illicit sexual escapades to secure their five thousand dollar savings bond. I Laughed out loud when I heard that one. Like a teen is thinking about the future of thier off spring and would be encouraged out of some cash hand out form the government.
This poor soul has to be misinformed. To assume that poor people are some how less moral than the whole of society, is nothing less than ignorant. Plan and simple.
It's yes paid for by tax dollars, but isn't it and wouldn't it be the moral thing to do to help aid in ending poverty. Don't we in this country always talk about just how important it is to educate the next generation? Shouldn't we put out money were our mouth is instead of our foot in out mouths? I can only wonder what in the hell is wrong with people when they let their on bias cloud their judgement. It gives a hand up not a hand out to the next generation. Still yet others seem to be dismayed. They figure on an other baby boom will be on the horizon! Good lord! Again the poor aren't going to go run out and have babies just to smooch of the government, what cognitive dissidence! Only a Village Idiot would make a statement like we are going to become a nanny state, when it's clear concerning Corporations and the Israeli government we already are. Again why not do something useful like aid the poor and the economically blighted of society? May we choose not to, because they're some how some way less human? I thought that this country exercised tsalliance. My mistake!
Still yet others scoff at the idea that us thirty somethings and those younger don't vote. News for you this ones been doing it ever since his 18th birthday, and I'll continue to do so after your gone. Our debt is higher than Willy Nelson, I'll admit that. However if we the people can elect the dingbats that can appropriate funds for a BS war to the tune of three trillion bucks, most of it, no wait all of it from the pockets of the very generous Chinese. Than why not for the poor in this country. They're American even. I think that if we are going to elect officials that want to take care of Iraqis. I'm lost on the logic ones again. But what really got my goat was everyone seems to be asking how are these bonds going to be worth at maturity. My answer is,...... how much is US federal savings bond worth? The answer double it's face value! Anyone can go to their local post office and ask. Buy a savings bond for $100 to day get $200 at maturity! So on, and so forth. There for no it's not going to cost us the tax payer 100K.
In closing to this article I could only not help and notice how surprisingly short these articles were in the Bad column. Why some had to have rally struggled just to come up for reasons other than I hate Hillary, which is most likely their reason for dogging on the plan. I also couldn't help but notice the lack of substance in their arguments. I've come to expect more from my fellow helium writers. I have to say I was almost ashamed. You can do better than that. Can't you?
Learn more about this author, Kevin Zarbock.
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BAD: In a speech, President wanna-be Hillary Clinton declared every newborn child in the US should get what she called a "baby bond" account. She said the money would grow for years, and when the child hits age 18, it would help pay for college education or down payment for a home. She made the statement at a forum hosted by the Congressional Black Caucus.
Has Mrs. Clinton really thought through her brilliant idea? Would this $5,000 gift, paid for by taxpayers, of course, be helpful to poor families across America? More than four mlllion babies are born each year in the US, and at least one million are to unwed mothers, who are mostly teens and young women living with poor families.
Could Mrs. Clinton's generous plan encourage millions of 13-year-old girls in the poverty regions of Appalachia, East Los Angeles and New York City to manufacture out-of-wedlock babies even faster than they're already doing it? All they'd need to complete the assembly line is find willing 14-year-old boys, not a very difficult task these days.
Mrs. Clinton didn't predict how much that gift money would be worth 18 years from now, or if it would be allowed to bounce up and down on investments. Today's typical four-year college education costs $100,000, and a medium-priced home goes for $250,000. If inflation through all those future 18 years is anything like has been for the past 18 years, baby can forget about college or a house.
Remember the old gambler's saying, baby needs a new pair of shoes? However, baby won't be able to afford new shoes or much of anything else in the year 2026 with what could be by then just $5,000 worth of pocket change.
Learn more about this author, Ted Sherman.
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