When is everyone going to realize that Hillary is going to daily come up
with one
thing after another that she knows will never fly, but will keep her and
her campaign
in front of the voters thanks to the mainstream drive-by media?....AAC
On Tue, 9 Oct 2007 15:40:06 -0400, "Patriot Games" <Patriot@[EMAIL PROTECTED]
>
wrote:
>http://www.newsmax.com/insidecover/hillary_Clinton_campaign/2007/10/09/39346.html
>
>Hillary Tosses Her $5000 Baby Package
>
>Tuesday, October 9, 2007
>
>Every citizen could get a 401(k) retirement account and up to $1,000 in
>annual matching funds from the government under a plan offered Tuesday by
>Democratic presidential candidate Hillary Rodham Clinton.
>
>At a cost of $20 billion-$25 billion a year, the plan is Clinton's
largest
>domestic proposal other than her plan for universal health insurance. The
>New York senator said it would be paid for by taxing estates worth more
than
>$7 million per couple and would help narrow the gap between the rich and
>those who don't have enough savings for retirement.
>
>At the same time, Clinton said she has given up another idea for a
savings
>incentive - giving every baby born in the United States a $5,000 account
to
>one day pay for college or a first home.
>
>She made that suggestion last month before the Congressional Black
Caucus,
>saying it was just an idea and not a policy proposal. The idea was
>criticized by Republicans, and she told The Wall Street Journal in an
>interview published Tuesday that it's off the table.
>
>The campaign of her Democratic rival John Edwards suggested it was an
>example of Clinton setting her positions by polls. "Apparently, new
polling
>data seems to have pressured the Clinton campaign to throw out the baby
bond
>with the bathwater," said Edwards spokesman Chris Kofinis.
>
>As for the retirement accounts, Clinton said during a campaign stop in
>small-town central Iowa, "They will begin to bring down this inequality
that
>is eating away at our social contract." She said, "This is a major
>commitment to how I believe we can begin to right the balance again."
>
>She said that for every $7 million estate that gets taxed, at least 5,000
>families would receive the matching funds.
>
>Clinton said she wants to create "American Retirement Accounts" in which
>everyone could put up to $5,000 annually in a 401(k) plan. The federal
>government would provide a tax cut to match 100 percent of the first
$1,000
>for anyone who makes less than $60,000 a year and 50 percent of the first
>$1,000 for those who make $60,000-$100,000.
>
>She said she would encourage employers to have direct deposit from
paychecks
>into the accounts.
>
>Clinton said less than half the families in the United States have
>retirement savings accounts and those who have them aren't saving enough.
>She said she often meets people working even into their early 80s because
>they don't have enough savings.
>
>"We don't have much of a nest egg to fall back on," she said.
>
>Although the money would be intended mainly for retirement, she said
people
>should also be able to use the savings to buy a house or pay for college
and
>the government should consider letting workers use a ****tion for hard
times
>like an illness or accident.
>
>Clinton said the accounts should not be used to replace any part of
Social
>Security and that she is committed to addressing the long-term challenges
of
>that program.
>
>"We have to fight and finally bury the idea of privatizing Social
Security,"
>she said.
|
