Should Newborns Get $500 Each?

More Bailout Money for Bankers

Not concerned for the children because they'll never see a penny of it. Another scam for the bankers to collect, invest, and profit.

A $500.00 coupon sponsored by the "American Tax Payer" See terms and conditions on back with magnifying glass. Bankers reserve the right to cancel or change terms at anytime.

Too predictable to see savings unredeemable by unreasonable conditions or restrictions to ever collect (if not listed in the bill already, then will change later). This is just another scam feeding on false hopes.

The future controversy will be a lame arguement between some Americans saying they have every right to collect savings while banks will say it was goverment money and never earned money. Nevertheless, this dumb idea will pass. We have no vote.

Steve of CA @ Oct 14, 2009 12:44:54 PM

No idiots, just politicians...

Please do some research prior to insulting one group (a major problem in the United States - attack before you know). Both sides of the table introduced this bill primarily for low-income children. I have helped those who need help my entire life, either through work, taxes, volunteering, or donation.

This is one bill I do not want to pass. It takes responsibility away from the parents. Let the parents not have children they cannot afford, and let them encourage education and hard work, rather than welfare and handouts as a way of life. Then, when it is time to go to college, let the parents show that their child tried hard in school, volunteered in the community, had a summer job (or volunteered if a summer job was not available), and did everything they could to better themselves. Then let the child's grades and work earn them scholarship.

Let the parents teach their children what it means to work for something. If the parents are on welfare, let them show their children how they are trying to get off welfare, etc... And yes, I've seen it. I taught in the inner-city. I taught students who had one set of clothing and were absent one day a week, the day when their mom could do wash. I taught a child with leukemia whose mom had to fight for chemo (I would go to his house to drop off work when he wasn't doing well). I've seen the fight within to stay in school, not drop out and to do well. I've seen it fail, and I've seen it pay off with scholarship. And I've seen that scholarship unable to be used because the family did not have enough funds for the additional costs. That family did not give up and the child is successful in his life.

Five hundred dollars is not going to help. Where is the money going to come from to add to it? Another tax, and then another? How am I to send my children to

of @ Oct 14, 2009 11:36:02 AM

Madness

where will the giving of my Tax dollars away STOP, give it back to me if you cant spend it wisely, I lot half my retirement fund with the market crash and you want me to give some illegal aliens new born 500 dollars..... who ever thinks this stuff up is CRAZY...

Carl Diaz of TN @ Oct 14, 2009 11:06:02 AM

Obama on a roll

What idiot Democrat started this dumb idea? Give women on welfare another reason to have more children. Enough with giving money away, let people be responsible for their own, just like people did before welfare.

Heather of IN @ Oct 14, 2009 10:54:35 AM

Teaching handouts not savings

I began working at 15 years of age. I have often had two and sometimes three jobs to accomplish my financial goals. The need to work day and night taught me to save and be frugal. Yet another freebie handout does nothing except continue to take from those willing to work.

Kathy of VA @ Oct 14, 2009 10:32:53 AM

500 for newborns

They do that in England . Not a good idea. There was a picture recently of a mother of six who is 23 years old and each child has a different father. This si so common over there and here lately too. It is like a reward. I am opposed to it. We raised seven children and my husband had a low paying job. But they all had savings accounts, that were statred by a relative. when they were old enough to go out and do odd jobs part of the earnings went into the savings account. They appreciated it more. I am so sick and tired of having money handed out for no reason at all.

Lucille of MA @ Oct 14, 2009 10:18:50 AM

HE11 NO

Where is the government going to get the money for this boondoggle? Governments don't make money, they steal money in the form of taxes. I don't want more of my money stolen to be given to someone else. I was born poor and I struggled and I got educated and I got a good career. Let these people do the same.

Jimmy of MD @ Oct 13, 2009 17:13:38 PM

Another Waste of Taxpayors dollars

Who is the Government to teach fiscal responsibility? Great example they have been. Regardless, it's the parents job. Let the parents or family members contribute to their own children's future.

TooMuchGov of NY @ Oct 13, 2009 13:00:32 PM