Wow, I heard the report that Clinton wants to give $5,000 to every child born in America and that it would be saved for their college education. I had to take a double-take. I was amazed that a candidate for President of the United States, would offer to “buy” votes. It's improper that any candidate would offer to “buy” votes. We can see Clinton has no problem spending our hard earned money for her own personal gain!
The offer is bad enough because she's “buying” votes and using our money to do it! The least she could do is use her own! Additionally, the offer isn't even a good one. The chart below shows what $5,000 at the proposed 3% interest will yield in the next 18 years and what would be needed in dollars to equal what the $5,000 equals today using the same factor that was used in my article “The Wage Gap,” which uses the average cost of living increase since 1962.
To see the chart goto: http://www.dangalpinforp … ge56.html. If you have a problem with the link, goto my site and look under the article selection.
To be a benefit, the amount in the gift column needs to be greater that the amount in the future value column. The amount in the present value column shows what the $5,000 will be worth in spendable income in 18 years compared to today's dollars. The collage column is what the average cost of college is today and in 18 years using the same factor that was used in my article “The Wage Gap,” which uses the average cost of living increase since 1962.
Some deal, tax us to give to the future children at an interest rate that won't even keep up with the cost of living. A better use of government would be to end free trade and require a COLA of employers. Then we can afford to pay for our own kid's college education.

Article Source: http://www.articleset.com