Jessica Mondillo’s Blog



Hillary Clinton’s $5,000 Baby Bond

Originally posted on September 29, 2007.

Last night Hillary Clinton proposed this plan to give EVERY baby born in America $5,000 to use anyway they want at age 18.

As reported on CNN.com, Clinton said, “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 just recently turned 18 and I agree, it would be very nice of the government to give me over $5,000 dollars to spend however I wanted.  But where is this money going to come from?  Clinton never said.  Like everything else the government pays, the money will be added to the national debt and will be paid for by the tax dollars of AMERICANS!

Now let’s do the yearly math for Hillary Clinton’s plan.  There are approximately 4 million babies born each year in the US.  So 4 million babies each get $5,000.   That will be an additional $20,000,000,000 a YEAR.  20 billion dollars a year. 

Clinton also makes it wound like the money will be growing in an account.  If so I would like to know who is managing the account?  If the government manages it, that will bring forth more federal jobs and thus more bills.  If parents manage it, then they are footing the bill to manage money the government gave to their children. 

If this plan passes, word of it will surely spread to other countries.  Already America has illegal immigrants coming to the country to get free hand outs.  This plan will encourage aliens who have no loyalty to America to come here so their children will get FREE money from a system that they do not have to support.  And when families that have drug addict parents find out how to get the money before the child turns 18, it will be spent towards illegal drugs and never reach the hands of the child it was intended for.

CNN reports that Ohio Representative Stephanie Stubbs Jones said, “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?”

Representative Jones does not mention how much the national debt will increase with this plan.  She says how much each child will owe to the national debt, but the money for baby bonds and the bills the government makes every year.

If this bill passes, those of us born after the baby boomers will be paying into a social security system that we will never collect from and for people to have babies, something else that we will never benefit greatly from.

DOESN’T THIS OUTRAGE ANYONE?  Your money is going to be given away and never benefit you.

Apparently Hillary Clinton, like so many other politicians, is willing to spend BILLIONS of AMERICAS tax dollars to win their campaign.  After all, the average Americans that she will hurt will win her plenty of votes from the people that are just looking for a free handout.

This is a repost of my sdcody.wordpress.com post.

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