Is your child saving enough for college? A new bipartisan bill was proposed Wednesday in the State Senate that would provide every child born in California after Jan. 1, 2008 with a $500 savings account that would fund the individual's future education or housing. The legislation would cost taxpayers about $285 million a year and California would be the first state in the nation to enact such a law. State Senator Dean Florez who co-authored the bill, and Kathryn Mangu-Ward of Reason Magazine, join Larry to discuss the pros and cons of the bill.
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