Hillary Clinton And Baby Bonds
“I like the idea of giving every baby born in America a $5,000 account that will grow over time, so that when that young person turns 18 if they have finished high school they will be able to access it to go to college or maybe they will be able to make that downpayment on their first home”
“I think it’s a wonderful idea”
“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 18?”
That last comment is rather lame if you ask me. If every child owes $27,000 toward the national debt right now, then adding $5,000 per child to that debt is not going to help, nor is the fact that the interest on the national debt will rise exponentially faster than the interest on those cute, little adorable, baby bonds.