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Should California savings plan exclude children of illegal immigrants?

Categories: Newborns

The California senate has introduced a bipartisan bill that would give every child born in that state a $500 savings account at birth. This money could only be used to pay for college or continuing education, as a down payment on a home or contributed to a retirement account. At the age of 18, the recipient would be required to reimburse the state's initial $500 investment.

The thinking is that if you get them started with saving at a young age, they will continue to put money aside for their future. However, my first thought upon reading this was that every baby born in California would be in debt upon exiting the womb.

But that concern is not what will most likely kill the bill. In addition to the $285 million price tag, many Californians are unhappy that the bill does not exclude children of illegal immigrants. Republican Senator Bob Dutton, one of the bill's original authors, has withdrawn his support after thousands of California residents questioned "what he was thinking."

The bill's other author, Democratic Senator Darrell Steinberg, feels that the opposition to the bill is unreasonable. "Let's get one thing straight: 90 percent of the calls and the talk radio and all the hysteria is about one issue and one issue only -- immigration," Steinberg said. "It is all about xenophobia and there is a lot of hatred out there and we need to stand up against it. A kid is a kid is a kid."

What do you think? Do you think giving every baby $500 to start a savings account is a good idea? No other state in the US has a program such as this, although something similar has increased savings in Britain.

And what about the children of illegal immigrants? Should they be excluded?

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