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Reply to ""A Cheap, Race-Neutral Way to Close the Racial Wealth Gap.."
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[quote=Anonymous]Republican Senator Kasich and the Clinton administration were actually looking (separately) into something like this, back in the halcyon days of 2001 when we had a budget surplus and nobody knew what to do with it. The proposal was to give every kid under a certain income $1,000, because that's what was affordable. Not sure what counts as "rich" or "poor." Compounding $1,000 for 18 years would result in a larger amount, but not $50,000. Frankly, retooling the Pell Grant and other grant programs would probably make a bigger difference for poor kids.[/quote]
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