Barack Obama is not the only American politician watching how the Williams administration governs and borrowing his policies. U.S. Sen. Charles Schumer has proposed legislation that would allow all newborns to receive $500 to open a savings account.
The American Saving for Personal Investment, Retirement, and Education Act of 2009 would allow the government to open a savings account for each baby to help encourage people to save. Other details of the proposal include:
- Savings accounts would be created automatically when children are issued Social Security cards.
- Annual contributions up to $500 would receive a dollar-for-dollar match from the federal government.
- Up to $2,000 could be deposited annually.
- Money in the savings would grow tax-free.
Now Schumer’s savings proposal is meant to help families that are finding it difficult to save money, not an attempt to boost the population as was the nexus for the baby bonus in this province.
Withdrawals from the savings would be tax-free after the child turned 18. Funds in the savings could only be used for college expenses until age 25. After that, the money could be used to buy a home for the first time or for retirement savings.Sounds like a good idea to me. Perhaps the Premier could refine his program to reflect Shumer's proposed legislation.
11 comments:
The first and last paragraphs of this obscenely anilingual posting of yours contradict one anothe.
Peter...
Exactly what evidence is there that Barack is following Danny's "program"?...
Next thing you know, we'll be a nuclear power thanks to Dannystan!
Enough of the Danny arse-kissing already!
....By the Way...
The province of Quebec was the first jurisdiction in this country to offer cash for a birth in the household in order to help increase the population.
Did some one loose their sense of humor today?
This post smacks of sarcasm. I don't see how it could be taken any other way.
ANONYMOUS 4:42
Did you read the post and my links. I was poking fun. Have you ever heard of sarcasm.
The baby bonus story reminded me of the farce around Danny's comments about Obama following his stimulus plan. Hence the link to the Tall Tales post.
Man you Danny haters are an unsophisticated lot!
anilingual posting now there is the pot calling the kettle black.
Once again, an anonymous coward drinks some keyboard courage.
This post smacks of sarcasm. I don't see how it could be taken any other way.
Then you haven't been reading P&P very long.
Wally of the several hundred people that read that post only you managed to miss the sarcasm. It was all tongue in cheek, not even bait to get a rise out of you.
Gee boy you need to relax a little. I think your getting just a wee bit obsessed again.
Any thinking, sane person would know that Obama is not looking here for direction. Any one who followed my link to tall tales would know satire.
Give it up.
of the several hundred people that read that post
Several hundred?
Any thinking, sane person would know that Obama is not looking here for direction.
Good heavens, are you implying something about the mental state of Dear Leader?
DAH!
I think you finally get it!
Post a Comment