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In thinking about this whole Hillary 5000 per baby thing, it really, really angers me. The reason? It costs nothing during her Presidency.
I admit I am no expert in the bond market or how they work, so it is possible I'm missing something.
Issuing a 5000 bond costs nothing. When it matures and comes due 18 years later when she is long gone, each of those bonds will probably be worth something like 12000 (that assumes a rate of around 5% compounding annually). I find it morally repugnant to promose a new entitlement program that will have no impact in terms of cost or the books (again, figuring it will be kept off the books like social security is) during her administration (should she be elected).
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