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If the bond earns the current average of around 3.6% and compounded daily, after 18 years the kid could cash out at $9,558.26
This is just more of the socialism that Democrats want to serve up.
One is reminded of the following phrase - though there is disagreement and uncertainty as to who said it:
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship. "
Keep voting yourself those benefits!
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