New Dem proposal would "give" "free" money ("up to" $36,000!) to kids every year til age 18; wait...
After many hours of focus group work, Democrats in congress have evidently sensed that ramming through a reparations law might get a few of them unelected, so they've come up with a brilliant alternative:
They've proposed to include a measure in the next "economic recovery" law that could force taxpayers to give "certain" "children" up to $36,000 by the time they turn 18.
Wait, I denounce myself for speaking the truth instead of using government-approved language: What the Democrats really said was that under their proposed law, the Government (note upper-case) would "give" "free" money to children (omitting the word "certain").
Wait, I denounce myself again: The wonderful Democrat thieves did NOT say the money was "free," but instead used the term "Federally funded." Ah.
See, phrasing it as "the government" "giving" "federally funded" money makes hard-working voters think the cash sorta falls out of the sky, instead of being forcibly taken out of your pocket--and ultimately out of your kids' mouths. But that's only fair, citizen.
The proposed program is cunningly titled "the American Opportunity Accounts Act, cuz who could possibly be opposed to "opportunity," right? It's being pushed by Dem rep Ayanna Pressley and senator Cory Booker.. It would "create a "federally-funded savings account" that would give "all" American children $1,000 at birth and then more cash each year until they turn 18.
Well, I hear my liberal friends say, if the program "gives" "all" children the same set amount, who could think it favored one group of voters over another, eh?
Ah, well...ya see, there's a clever loophole: Under this modest, totally fair proposal, da gruberment would give "all children" $1,000 at birth, and would then "between $0 and $2,000 every year, depending on family income, until the child turns 18."
Pressley and Booker say this "would drastically reduce the racial wealth gap."
The money would remain in a federally insured savings account managed by the U.S. Treasury Department until...mumble mumble.
Wait...did they say "would then give them *between $0 and $2,000* every year depending on family income"? Any idea how the actual figure will be determined for any kid? The proposal doesn't say, so I guess we'll just have to pass the bill to see what's in it, eh? But I'll hazard a wild guess that if you're a hard-working white dad making $40,000 a year, barely staying above water raising two or three kids, your kids will get...um, carry the one, take the square root, multiply by tan(theta), re-set by clause 132 (b) 12 (iii)... your kids will qualify for a buck-fifty per year.
And who d'ya suppose will select which bank gets to manage that "federally insured savings account," and profit from the "spread"? (If you're a young American, you need to find out what that means.) And how many new government employees do ya think it'll take to manage this empire, eh? Wait, I denounce myself... Cuz none of these details matter, right?
"Experts say" that this proposal--which the Mainstream Media has cutely-named "baby bonds," to make it sound even more wonderful--didn't have a chance of passing under the Trump administration, but is almost certain to pass now that Democrats control both chambers of congress and the White House.
Republicans were unwilling to comment on the record about this bill, for fear of being un-elected, but off the record some claimed this was an entry-level proposal that would get voters to accept full-scale reparations. But an analyst at what's been billed as a conservative think-tank--the American Enterprise Institute--said the proposed law is NOT "specifically planned" to help only children of color, but would help all "children of low-income families."
Ah. Help them by increasing the nation's constant monthly borrowing to fund the scheme, right? Cuz nothing helps a nation more than more deficit spending.
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