"Hillary's baby bond proposal would give $5,000 to each of the 4-million babies born in the U.S. each year, totaling $20-billion per year, multiplied by four years = $80-billion."
Republican National Committee on Monday, November 26th, 2007 in a Web site.
RNC makes $80-billion baby bond boo-boo
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The Republican National Committee has developed a "Spend-O-Meter" to argue that the United States cannot afford all of the proposals Sen. Hillary Clinton has made as a Democratic presidential candidate.
The RNC has estimated Clinton's proposals would cost some $777.6-billion during her first term. The Republicans did a credible job in tallying up Clinton's plans, but they did make one huge mistake.
Clinton, at one point in 2007, talked about offering every newborn child born a $5,000 bond as part of an effort to encourage savings for such things as college tuition. The estimated cost would be $80-billion over four years. The RNC included the proposal in its Spend-O-Meter.
The only problem is that Clinton never formally proposed it and indeed told the Boston Globe last month that the plan did not have as much political support as her other plans to pay for college.
Published: Monday, November 26th, 2007 at 12:00 a.m.
Sources:
Republican Spend-O-Meter, "Spend-O-Meter"<
Boston Globe article, "What Hillary said"
Written by: David Baumann
Researched by: David Baumann, Angie Drobnic Holan
Edited by: Scott Montgomery
Articles about this statement:
Spend-O-Meter vs. Truth-O-Meter
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