After he rolls this out he'll start pushing to drop the child tax credit arguing, "they already get so much investment up front. They're so greedy."
this post was submitted on 23 Apr 2025
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Clinton Floats $5,000 Baby Bond
~ September 28, 2007
It's nice to know these two are still in touch.
put into an index fund over the last seventeen years, that $5k is now $30k. it was not a terrible idea.
Of all the people who are so strapped they could receive $5k and not immediately blow it on visa bills and rent, parents aren't even close to the list. $5k into investments? Most of them are either flirting with bankruptcy or engaging in some heavy petting in a corner booth.
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Not on its face, no. I think it's still a band-aid attached to a bigger problem of generational inequality. Public housing, education, and a large competitive public hiring sector would have gone much farther in rectifying poverty in the US.
But the extra insulting aspect of "Baby Bonds" is that they're an idea dangled over a public hungry for economic reforms which never actually gets delivered. When liberals lose, they get to nag centrists and insist "We had all these good ideas but you were too racist and stupid to accept them". When they win, we get an earful about how the federal courts, the super-majority Senate, the prior administration's mid-level bureaucrats, the state legislatures, and two dozen of DC's biggest lobbying firms all have to agree to go along with it or the reforms can't pass.
Seems like Republicans are getting in on the same act, now that kitchen table liberalism is experiencing a popular resurgence.
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We had this in Australia for a while, where there was no hospital costs for birth, and almost 20 years ago, so it was a considerable help. The conservatives started claiming people were having babies just to get the money and then spending it on big TV's and other luxuries.
Which is hilarious because iirc it was a fucking Howard policy
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Remember the stimulus checks that covered approximately 15 days' worth of rent?
Remember? I'm still living off of mine!
Oh wait, that was just some right wing delusional bullshit that disappeared as quickly as it materialized.
Why only after the baby is born? Is there something significant about the moment of birth or something?
Yeah, clearly an embryo/fetus is a child with rights at the moment of conception (/s), so why wait until after delivery?
Aye. Try and convict them as an adult and then they're free labor.
According to my halfassed search engine results, giving birth costs on average $18,000.
Just the cost of epidural, estimates range from $1000 to $3500 out of that cost.
As someone who lives in a country where giving birth is free that sounds absolutely insane to me. Are these birth costs in the US at least covered by common medical insurance or is it always that bad? It's a miracle that the US birth rate is one of the highest in the western world when the conditions are like this...
After my son’s birth in 2006, we owed $12,000 after insurance. That was a single night’s stay in the hospital. Nothing out of the norm for the birth. We had to refinance the house the following year to pay off his and our daughter’s birth from 2005.
I think my hospital bills were around $5,000. What I didn’t anticipate was the fact that once my daughter was born I was paying hospital bills for me and for her. I think without insurance it was around 30k? So insurance covered 25,000 and we paid the rest
Right? 🇨🇦
But I have family in Sweden, and I'm not sure they don't have a baby food fund, but I definitely remember that daycare, preschool and all schooling was free of user-fees and also nearby.
So she's been walking the kids to the schools down the road a bit for 14 years now, on her way to and from work. And it's been free. And I think they get lunch. And their schools are moderately successful and still have programmes. And they graduate kids who can add in their head and speak two languages or more.
Guys, I think rogue American states don't want to join Canada. Join Denmark or Sweden instead!
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I had a kid three years ago, we decided to get a higher premium health plan that specifically had excellent natal coverage. It's one of the most expensive plans available to us but we didn't pay anything for 9 months worth of prenatal visits plus 3 days in the hospital. The coverage statement said that delivery from the hospital was something like $28,000 but the first bill we actually saw that we had to pay was for a hearing test that was only partially covered.
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More ineffective Band-Aids.
The core issues never get addressed. Prices keep going up.
And those issues will get worse under a corpo like Trump.
Isn’t it like ~$310,000 to raise a kid to 17? That’s, what, 2% of what is needed after the poor child is born? And some woman is going to decide to let a guy nut in her for $5000?
This won't even cover the medical costs to give birth
Even Elon pays better than this
Well, in a couple of years, some countries more than 50% of the population will be retired. Even a perfect democracy would not pass a law to improve young people’s lives so they can have time and money to have kids.
Just like in a perfect democracy, no affordable housing law will be approved because 66% of the population are homeowners.
Its unsolvable.
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“White babies only please” —Cheetolini
I know you were half joking but for everyone else here complaining that 5k ain't shit (I agree, it's not), it's because the incentive is not for you. It's for rich people (read: rich white people, since poverty disproportionately affects non-white people).
5k might not mean shit to you in trying to raise a child but for someone who already has the means to have/raise a kid, it's actually bonus money. That's the incentive.
I sometimes joke with my kids and call them Lamborghini 1 and 2, because that's how much money it was suggested you would need for each kid, and I'm sure that has doubled or tripled by now.
Putin did the same thing, he aware 16k equivalent for having 10+ children .
Add an extra zero to that. Then we might consider
Have 4 kids.
5k is couch money when you have kids. It'll maybe take care of a few months of daycare. Now if you're on gov assistance and make next to nothing? This will be great, but don't expect to get a job or climb out of poverty with 5k. A kid will eat that up super fast.
As an atheist baby-eater, sign me up. I could have a lovely dinner party for $5K on Hallowen every year and not have to find a main course.
That's the only way anyone would financially benefit from this bill. Infanticide. And only if they do a home birth.
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Let them get braces.
I mean I like the direction, but this is far cry from other countries.
Give us UHC, improve working rights, guaranteed housing for parents, daycare.
But Its good they at least bringing it up.