Imagine you turn 18 and gain access to an account with tens of thousands of dollars. The catch? You can use it only for wealth-building purposes like college tuition or starting a business.
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Photo: (Photo : Photo by Dominika Roseclay from Pexels)
One major issue every new President faces is the increasing wealth gap, and one way to help ease that discrepancy is the baby bonds government-funded financial program.
The looming social security backing is one of the pressing items on President Biden s to-do list. They see the baby bonds idea as a new pitch that would address the current crisis. For a while, the financial concept has been around, which has intensified the currency among economists, financial planners, and legislators as a budding fix for retirees income disparity and social insecurity.
Financial adviser Ric Edelman thinks this could be an economic game-changer for millions of Americans, helping to close the racial wealth gap.
HEADLINES & GLOBAL NEWS
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Feb 07, 2021 06:36 PM EST
The third stimulus check is on its way as President Joe Biden said, Friday, legislators could begin drafting the $1.9 trillion with the $1,400 coronavirus stimulus.
Third Stimulus Check: It will be $1,400. Period!
Americans should expect a total of $2,000 with the authorized $600 payment last December and the promised $1,400 as per NJ.com. The president said this at the White House despite the request of 10 House Republicans to limit it to $1,000.
President Biden supported a drive-by Congressional Democrats to circumvent the need for Republican support via reconciliation. This parliamentary budget mechanism needs only a simple Senate majority to approve new spending.
The Dems reintroduced a bill that would create a $1,000 baby bonds bill for every American when they are born that will not be touched until adulthood.
trusted hillary clinton. and i think that s in large part why they didn t turn out to vote for her. which is interesting biden can t make the same mistake. right. it s interesting hearing you acknowledge that. it also goes to the policy part where booker said, which is true. yeah. this wasn t just, oh, here are new ideas. right. like he s got his baby bonds bill. right. part of what they did in dealing with the crack cocaine despairpy, dealing with less punpun punitive measures. part of that is about undoing bills. direct. take a look at julian castro going after biden on a different issue tonight. immigration. first of all, mr. vice president, it like looks like us has learned the lessons of the past and one of us hasn t. let me begin by telling you let me start out by answering that question. my immigration plan would also fix the broken legal immigration system because we do have with . secondly, the only way that we re going to guarantee that these kinds