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Update On The Lifetime Savings Account Being Considers In Congress

Thursday, August 5, 2010 - 5:44 AM
From InvestmentNews:
A Senate bill was introduced last month as a companion to a House measure (HR 4682) that would create so-called lifetime savings accounts for every newborn child in America.

I first mentioned this Life Savings Account last month. A controversial provision of the bill would have government contribute $500 when a child is born.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,074
1. Thursday, August 5, 2010 - 7:02 PM
I still disagree with the entire notion of government paying money for newborns. The world's population is about to jump over the 7 billion mark and the impact of humans on the Earth is becoming more and more noticeable. So why reward someone for spawning?
4
darkdreamer4udarkdreamer4u174 posts since
Jun 11, 2010
Rep Points: 632
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