Hillary's idea of Amerika is going to make Canada look like a Tax Haven..

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  • LouisianaCarry

    Tactibilly
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    Hillary's idea of Amerika is going to make Canada look like a Tax Haven..
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    from: www.abcnews.go.com/Politics/story?id=3668781&page=1


    Clinton Floats $5,000 Baby Bond
    Proposal Would Create Nest Egg for Future Costs of College or Buying a Home

    Clinton's Friday remarks to the Congressional Black Caucus were not the first time that she has voiced her support for the concept of using the power of compound interest to close the country's asset gap.

    While speaking to the centrist Democratic Leadership Council in 2006, she discussed the idea of giving every child born in America $500.

    Today was, however, the first time that she has floated the idea of giving every child born in America the larger sum of $5,000.

    Asked if she had now settled on a larger "baby bond," Clinton campaign spokesman Phil Singer said, "It's not a formal policy proposal but an idea under consideration."

    Presuming that approximately 4 million children are born in the United States each year, a $500 "baby bond" would only cost roughly $2 billion per year. A $5,000 "baby bond" would cost the government $20 billion per year.

    The idea floated by Clinton was rebuked Friday by the Republican National Committee, which called it a "budget busting baby fund," and by Republican presidential candidate Rudy Giuliani who called it evidence that Clinton is running a campaign "based on pandering."

    The idea, however, has strong support from those who believe that economic disparities in the United States must be addressed by focusing on assets and not solely wages.

    The vice president of a Washington, D.C., think tank at the forefront of pushing the "baby bond" concept welcomed Clinton's Friday remarks.

    "I'm pleased that Sen. Clinton keeps talking about 'baby bonds,' whether $500 or $5,000 at birth," said Ray Boshara, the vice president of the New America Foundation.

    oshara, who has worked with Clinton's policy staff on the concept, did not see the different dollar figure floated by Clinton on Friday as reflecting a definite policy change. Rather, he saw it as an affirmation of her excitement with the concept and expects her to continue to work out the details when she develops a formal proposal.

    "I think Sen. Clinton is very, very excited about accounts at birth and hasn't settled on the right combination between initial deposits and matching deposits until 18," said Boshara. "She and her staff told me in the next several months we'll work on the details. . . . When we work out the details, we'll figure out the best way to get to around $20,000 at 18 --that's what matters."
     

    LouisianaCarry

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    I cannot undertake to lay my finger upon an article of the Constitution which granted a right to Congress of expending, on the objects of benevolence, the money of their constituents. – James Madison

    Congress has not unlimited powers to provide for the general welfare, but only those specifically enumerated. – Thomas Jefferson

    When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it. When a man spends his own money to buy something for someone else, he is still very careful about how much he spends, but somewhat less what he spends it on. When a man spends someone else's money to buy something for himself, he is very careful about what he buys, but doesn't care at all how much he spends. And when a man spends someone else's money on someone else, he doesn’t care how much he spends or what he spends it on. And that's government for you. – Milton Friedman

    In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other. – Voltaire (1764)

    There is no virtue in compulsory government charity, and there is no virtue in advocating it. A politician who portrays himself as caring and sensitive because he wants to expand the government's charitable programs is merely saying that he's willing to try to do good with other people's money. Well, who isn't? And a voter who takes pride in supporting such programs is telling us that he'll do good with his own money – if a gun is held to his head. – P.J. O'Rourke

    If you have been voting for politicians who promise to give you goodies at someone else's expense, then you have no right to complain when they take your money and give it to someone else, including themselves. – Thomas Sowell (1992)

    The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced. If the nation doesn't want to go bankrupt, people must again learn to work, instead of living on public assistance. – Marcus Tullius Cicero, 55 BC

    When you subsidize poverty and failure, you get more of both. – James Dale Davidson, National Taxpayers Union

    The welfare state reduces a citizen to a client, subordinates them to a bureaucrat, and subjects them to rules that are anti-work, anti-family, anti-opportunity and anti-property … Humans forced to suffer under such anti-human rules naturally develop pathologies. The evening news is the natural result of the welfare state. – Unknown

    What's *just* has been debated for centuries but let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn *belongs* to you – and why? – Walter Williams

    The New Deal began, like the Salvation Army, by promising to save humanity. It ended, again like the Salvation Army, by running flop-houses and disturbing the peace. – H. L. Mencken

    There are people who think that plunder loses all its immorality as soon as it becomes legal. Personally, I cannot imagine a more alarming situation. – Frédéric Bastiat

    Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone. – Frédéric Bastiat

    We are living in a sick society filled with people who would not directly steal from their neighbor but who are willing to demand that the government do it for them. – William L. Comer

    Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens. – Ludwig von Mises

    The one with the primary responsibility to the individual's future is that individual. – Dorcas Hardy, Director, Social Security System

    If you would not confront your neighbor and demand his money at the point of a gun to solve every new problem that may appear in your life, you should not allow the government to do it for you. – William E. Simon

    We have rights, as individuals, to give as much of our own money as we please to charity; but as members of Congress we have no right so to appropriate a dollar of public money. – David Crockett, Congressman 1827-35

    You can't get rid of poverty by giving people money. – P.J. O'Rourke

    The welfare state is the oldest con game in the world. First you take people's money away quietly, and then you give some of it back to them flamboyantly. – Thomas Sowell

    Somehow, the fact that more poor people are on welfare, receiving more generous payments, does not seem to have made this country a nice place to live – not even for the poor on welfare, whose condition seems not noticeably better than when they were poor and off welfare. Something appears to have gone wrong; a liberal and compassionate social policy has bred all sorts of unanticipated and perverse consequences. – Irving Kristol

    Don't go around saying the world owes you a living. The world owes you nothing. It was here first. – Mark Twain

    Asking liberals where wages and prices come from is like asking six-year-olds where babies come from. – Thomas Sowell

    It's illegal to say to a voter "Here's $100, vote for me." So what do the politicians do? They offer the $100 in the form of Health Care, Social Security, Unemployment Insurance, Food Stamps, tobacco subsidies, grain payments, NEA payments, and jobs programs. – Don Farrar

    I feel obliged to withhold my approval of the plan to indulge in benevolent and charitable sentiment through the appropriation of public funds … I find no warrant for such an appropriation in the Constitution. – Grover Cleveland, 22nd and 24th US President

    The power to tax, once conceded, has no limits. – Anonymous

    We cannot restore traditional American freedom unless we limit the government's power to tax. No tinkering with this, that, or the other law will stop the trend toward socialism. We must repeal the Sixteenth Amendment. – Frank Chodorov
     

    penguin

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    I think that's a horrid idea. However, the unbridled spending of the Republicans now has led us to an even worse deficit. It's without merit to suggest that an offer made by a campaign for an idea that isn't even in the works could be any worse than the $200 million a day that is spent on our trying to secure the security of an entire country which will fall apart as soon as we leave. The total estimate of the war in Iraq will cost us about $100-200 billion dollars (this is not the total cost for the war against terror, which some estimate to be as high as $1 trillion - as I am not against the totality of that nor our efforts in Afghanistan).
     

    LouisianaCarry

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    I'm with you there.

    Left-wing politicians take away your liberty in the name of children and of fighting poverty, while right-wing politicians do it in the name of family values and fighting drugs. Either way, government gets bigger and you become less free. – Harry Browne

    When the government's boot is on your throat, whether it is a left boot or a right boot is of no consequence. – Gary Lloyd
     

    JadeRaven

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    They could spend two trillion on fighting terrorism, I don't care. The main reason for the government, in my book, is to protect the citizens from being killed. :D

    Twenty grand by the time someone decides to go to college is almost nothing, though. It's not enough now for a college education, and how they think it'll cover any costs whatsoever eighteen plus years from now is beyond me. Same thing for a home.

    Good lord people are nuts.
     

    savage2288

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    i think i'll just revert back to being a bum....then money and government and laws wont really mean anything to me anyway
     

    Yrdawg

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    Big Woods
    Not wanting to sound like a broken record here...........the war on terror starts with secure borders IMHO. We are ready to talk about war in Iraq and war in Afghanistan and maybe war in Iran but the border fence has been put on the back burner and now is being reduced. People (Dawg included) are so easy to pick up another scent @ the drop of a hat. Arizona has just enacted a fine xample of states rights. they are making the hiring of illegals punishable by losing ur bizness license. LOL...now thats progress, if the govt won't enforce federal law lets make and enforce state law.

    I voted for GW but I'm pretty disapointed that hes not on the border with a bayonet in his teeth shouting no u won't. But you get what u get with pro politicians. We as the states should be taking up the fight to protect ourselves, we have varied problems with illegals and that fight should be at the state level. If the Feds don't agree we should leave. Can anybody argue that if " if you are not free to leave ur not free indeed"?

    Ron Paul supporter (but don't tell Ron what I said about leavin)

    Dawg
     
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