MRS. BILL CLINTON

Mrs. Bill and her plan to give $5000 to every baby born in America: was a silly idea; was immediately ridiculed by those on the right side of the political spectrum; was withdrawn by her fairly quickly; and was given a pass by the media without the proper criticism it deserved.

Of course this would come off the backs of taxpayers since the government has no money of its own. It was not a worthy plan to be offered, much less considered, by a serious presidential candidate. But we wouldn't want to chide the front runner of the Democrat presidential hopefuls, now would we?

After her quick withdrawal of her ill-fated plan, she announced a new plan. This new plan would give $1000 tax cuts (“a matching refundable tax credit—dollar for dollar—for the first $1,000 of savings set aside by every married couple making up to $60,000 a year.”) to working class families as in incentive for them to start a 401(k) savings plan. Again this plan would, like her ill-fated "$5000 per baby" plan, will come from the backs of taxpayers.

This puts her in the odd position of being against privatizing (even a partial privatization) of Social Security (where people would have some control of their own money) but is more than comfortable forcing people to use their hard earned money to fund someone else's retirement plan. (HH)