Trump to create Sovereign Wealth Fund

[Klaus 7196]

Our fake fiscal conversative president orders the creation of a Sovereign Wealth Fund. Nothing says "conservatism" like adding a massive new government program.
Might work for small wealthy nations, but that's obviously not us.

MSN

 

[mcmurtry66]

Our fake fiscal conversative president orders the creation of a Sovereign Wealth Fund. Nothing says "conservatism" like adding a massive new government program.
Might work for small wealthy nations, but that's obviously not us.

MSN

Thank God. It is literally the only way we could have a league to compete with the premier league la liga etc

 

[snarlcakes]

Our fake fiscal conversative president orders the creation of a Sovereign Wealth Fund. Nothing says "conservatism" like adding a massive new government program.
Might work for small wealthy nations, but that's obviously not us.

MSN

 

[Victorbmyboy]

Beat me to it.

 

[crazed_hoosier2]

Our fake fiscal conversative president orders the creation of a Sovereign Wealth Fund. Nothing says "conservatism" like adding a massive new government program.
Might work for small wealthy nations, but that's obviously not us.

MSN

I’m as fiscally conservative as they come.

And I favor this. In fact, I’d say that it’s long overdue. A SWF is not “a massive new government program” at all.

FWIW, a bipartisan group of Senators have already been working on the framework of a prospective SWF for the past few years. So Trump didn’t pull this out of nowhere.

 

[The Original Happy Goat]

I’m as fiscally conservative as they come.

And I favor this. In fact, I’d say that it’s long overdue. A SWF is not “a massive new government program” at all.

FWIW, a bipartisan group of Senators have already been working on the framework of a prospective SWF for the past few years. So Trump didn’t pull this out of nowhere.

The only problem with creating a sovereign wealth fund is that we should have done it 100 years ago.

 

[crazed_hoosier2]

The only problem with creating a sovereign wealth fund is that we should have done it 100 years ago.

I agree.

That some people see this as a “massive new government program” baffles me. That’s…not what a SWF is.

I am interested to see how they propose funding it, though. They don’t exactly have extra money laying around.

 

[twenty02]

I agree.

That some people see this as a “massive new government program” baffles me. That’s…not what a SWF is.

I am interested to see how they propose funding it, though. They don’t exactly have extra money laying around.

Yeah that's my first and only thought. These are usually created by countries that have huge surpluses. Which is the last thing we are.

 

[The Original Happy Goat]

I agree.

That some people see this as a “massive new government program” baffles me. That’s…not what a SWF is.

I am interested to see how they propose funding it, though. They don’t exactly have extra money laying around.

Hence my desire for time travel. Seems a little late to be getting in this game, especially with how far in the red we are already running.

 

[crazed_hoosier2]

Hence my desire for time travel. Seems a little late to be getting in this game, especially with how far in the red we are already running.

Could’ve at least done it in 2005 when they were looking at reforming Social Security. Would’ve had a number of years of SS surpluses to put into it.

What a missed opportunity that was.

 

[The Original Happy Goat]

Could’ve at least done it in 2005 when they were looking at reforming Social Security. Would’ve had a number of years of SS surpluses to put into it.

What a missed opportunity that was.

I was actually thinking of mentioning that exact scenario, but then I thought, looking back at it, I'm not sure the political capital existed to overcome fears about putting SS money at some level of risk, no matter how low.