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		<title>BABY&#8217;S FIRST: ASPIRE Act would give $500 to U.S. newborns in proposed lifetime savings accounts</title>
		<link>http://www.big3news.net/2009/11/13/babys-first-aspire-act-would-give-500-to-all-u-s-newborns-in-proposed-lifetime-savings-accounts/</link>
		<comments>http://www.big3news.net/2009/11/13/babys-first-aspire-act-would-give-500-to-all-u-s-newborns-in-proposed-lifetime-savings-accounts/#comments</comments>
		<pubDate>Fri, 13 Nov 2009 07:09:48 +0000</pubDate>
		<dc:creator>Rusty Ray, Executive Editor</dc:creator>
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		<category><![CDATA[Politics]]></category>
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		<category><![CDATA[ASPIRE]]></category>
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		<category><![CDATA[Congress]]></category>
		<category><![CDATA[Lifetime]]></category>
		<category><![CDATA[rustyray]]></category>
		<category><![CDATA[Savings]]></category>

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		<description><![CDATA[Despite one of the worst financial crises in American history, lawmakers are expected by the end of 2009 to reintroduce a bill that would give all U.S. newborns a $500 nest egg to promote savings and asset accumulation. The estimated cost to the federal government and taxpayers would be $37.5 billion over a 10-year period. The funds could only be withdrawn when the child turns 18 and used for specific purposes...]]></description>
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