WASHINGTON, Sept 28 (Reuters) - Democratic presidential candidate Hillary Clinton on Friday proposed giving every baby born in the United States $5,000 to start an account to use for paying for college.
Clinton made the comment at a forum sponsored by the Congressional Black Caucus as she and Democratic rival Barack Obama competed for support from black voters a day after leading Republican presidential candidates skipped a debate on minority issues.
"I like the idea of giving every baby born in America a $5,000 account that will grow over time, so when that young person turns 18, if they have finished high school, they will be able to access it to go to college," Clinton said.
Clinton, a senator from New York, offered no details on how to pay for the program. The $5,000 "baby bonds" would accrue interest over time.
This has to be one of the most idiotic things I have ever heard. Promising something like that without mentioning how it will be paid for to get votes from minorities. And there are probably morons out there who actually believe that line of bullshit. Does anyone have the slightest idea of how much that would take? And of course it would be paid for by raising someone's taxes. I would also like to see what happens if a person dies before they have a chance to use the accrued money. The legal battles, scams, and general all-around things that can go wrong (sad to say, there are people out there who have killed their own children for less) boggles the mind.
Just my opinion.