She’s bought …. wait, I mean … she’s GOT my vote!
Presidential candidate Hillary Clinton has proposed giving every baby born in the U.S. $5,000. She was speaking at a forum of the Congressional Black Caucus Friday when she unveiled her plan of earmarking money for education for American kids.
Ahhhh, but there’s a catch. Recipients of the bond have to be 18 years old and high school graduates before they can get at the money. And they have to use it for college.
The money is granted in the form of a bond, so it will grow (a little) with interest over time. But how much? Enough to keep up with the endlessly increasing college costs?
How about reforming college grant programs instead. The effect would be immediate, and include many more middle class families who are getting priced out of higher education. And also doing something about how freaking expensive college is. Students leave with a lifetime of debt in addition to their remorse of having majored in English.
What about a $5,000 grant at birth to help families with childcare and preschool, which also costs a small fortune and ties up money families could otherwise be investing on their own for college savings.
What do you think? Am I being too greedy? To reliant on a welfare state? Not bold enough. Are you already saving for your little one's college? Anyone out there just crossing their fingers and hoping for the best 18 years from now?
