I hardly know whether to laugh, or cry, at this one.
First, the tears:
Democratic presidential candidate Hillary Rodham 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.
A more grotesque pander is hard to imagine. Naturally, the more rational among us are puzzled:
How might this be funded? There are only three groups that could be asked to pay for the new entitlement with higher taxes (or lower benefits): the current elderly, those currently of working age, or the same future generations who are getting the new benefit and are slated to pay for existing unfunded entitlements. Which group do you think Senator Clinton has in mind?:
As with all arbitrary handouts, it also raises the question (and you can be sure it will be asked if this goes anywhere) of “why not more”? If $5,000 of free money is good thing, why isn’t $10,000 twice as good?
Now, the laughter:
Sixty percent (60%) of America’s Likely Voters oppose giving every child born in the United States a $5,000 savings bond, or “baby bond.” A Rasmussen Reports national telephone survey found that just 27% support the concept suggested on Friday by Senator Hillary Clinton.
Unlike socialized medicine, which I believe is a genuine Cause to the otherwise calculating Hillary, the baby bond is most likely just a trial balloon, thrown out there to see if it would strike any sparks. Having drawn derision and virtually no support from anyone who wouldn’t vote for her anyway, I suspect we have seen the last of it. Still, it is a little chilling to contemplate the leading contender for President of the United States already toying with naked wealth transfers such as this.
