John and I wrote about Hillary Clinton’s “baby bonds” idea in “The second coming of George McGovern.” Today she beat a retreat:
Clinton recently floated the idea of issuing a $5,000 bond to each baby born in the United States to help pay for college and a first home, but it immediately inspired Republican ridicule and she quickly said she would not implement the proposal.
She defended that decision yesterday, saying she is focusing on proposals with more political support and she is not formally proposing anything she can’t fund without increasing the deficit: “I have a million ideas. The country can’t afford them all.”
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