Hillary’s “baby bonds,” giving every child in America $5,000 at birth, has Phil Klein up in arms. New fatherhood prompted a moment of hesitation before denouncing it; the idea sounded rather nice until I realized Connor missed the window.
And therein, I realized why this program will never become a reality – it has to have a starting date. And then everyone will insist, “what about my child, who was born before the start date? It’s not fair!” And eventually the program will turn into providing $5,000 to every American.
300 million Americans x $5,000 = $1,500,000,000,000.
Not gonna happen. If there was any responsible fiscal conservative in the Democratic field, he would point that out to her.