Tuesday, October 9, 2007

Clinton throws more crap against the wall to see if it will stick

Hillary Clinton seems determined to throw out as many ideas for new entitlements as she can in very rapid succession. Now that people have generally rejected her ridiculous idea to give every baby born in the US a bond for $5,000, Hillary has abandoned that in favor of a $1,000 matching tax credit for lower income families who contribute to a 401(k) retirement account. She would fund this latest entitlement (estimated at $25 billion per year) by taxing estates worth $7 million or more.
This is, of course, just more socialist entitlement crap. I guess she'll wait to see whether this one sticks to the wall (i.e., what the pollsters tell her in a few days). A John Edwards mouthpiece actually had a good quote, saying that "apparently, new polling data seems to have pressured the Clinton campaign to throw out the baby bond with the bathwater."
One of the most interesting aspects of this to me is that Clinton is still dead set against the idea of any privatization of Social Security. She's busy assuring people now that this new tax credit will not replace Social Security, but rather supplement it. Apparently it's OK to give people money for them to "gamble" on their retirement as long as they do it with shiny new entitlement money.
Stay tuned for more ideas from Hillary on how to give away more and more of your money. Hey, some of it's bound to stick, right?

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