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Coming Soon: $500 for Every Newborn?!?
Original post made
by Say No!, Another Pleasanton neighborhood,
on Oct 7, 2009
"Imagine a world where every baby received a trust fund at birth. It might sound like a fairy tale, but being born into money--or at least into a $500 savings account--could soon become reality for all children born in the United States. Lawmakers are considering a bill that would give each newborn just that, with the goal of promoting savings that would later be used for education, a first home, or retirement. Here's what you should know about the ASPIRE ("America Saving for Personal Investment, Retirement, and Education") Act." - Yahoo Finance, 10/6/2009
You got to be kidding me! Is this what our new administration and our Congress is planning? This is now PURE SOCIALISM! How are we going to pay for it?