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AmP Countdown: Time left until the XXIII World Youth Day in Sydney, Australia : 2008-07-15 12:00:00 GMT-05:00


Tuesday, October 09, 2007

More social engineering from Clinton + DNC woes

Today's installment:

Every citizen could get a 401(k) retirement account and up to $1,000 in annual matching funds from the government under a plan offered Tuesday by Democratic presidential candidate Hillary Rodham Clinton.

At a cost of $20 billion-$25 billion a year, the plan is Clinton's largest domestic proposal other than her plan for universal health insurance. The New York senator said it would be paid for by taxing estates worth more than $7 million per couple and would help narrow the gap between the rich and those who don't have enough savings for retirement. - AP.


Oh, and the last social engineering proposal? Turns out it was just an "idea" ....

At the same time, Clinton said she has given up another idea for a savings incentive—giving every baby born in the United States a $5,000 account to one day pay for college or a first home.

She made that suggestion last month before the Congressional Black Caucus, saying it was just an idea and not a policy proposal. The idea was criticized by Republicans, and she told The Wall Street Journal in an interview published Tuesday that it's off the table.

I guess it served its purpose in the polls.

Final chilling words:

"We have to fight and finally bury the idea of privatizing Social Security," she said.

These are deep waters for me, but I'm trying to get my head around this item:
Michigan and Florida have run afoul of the Democratic National Committee by moving their nomination contests to earlier dates that conflict with the party's calendar.

The DNC has threatened to withhold delegates from those states at the party convention next summer that will nominate the Democratic candidate in the November 2008 election.

So, these two important swing states are getting the boot from the DNC?

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