There is a way to fill the Sovereign Fund, and possibly pay down the Debt (Poll)

[kyzr]

The US is a bit late establishing a sovereign wealth fund, mainly because we owe $37T instead of managing a surplus responsibly.

Why did Trump create a sovereign wealth fund?

Trump proposed setting up a fund that would finance "great national endeavors" including infrastructure projects while campaigning last year.

www.usatoday.com

Currently, the largest such fund is Norway's Government Pension Fund Global with $1.74 trillion in assets, followed by the China Investment Corporation, with $1.33 trillion in assets, according to the Sovereign Wealth Fund Institute, a data provider. Abu Dhabi, Kuwait, Saudi Arabia, and Singapore are among countries with prominent sovereign wealth funds, with between $801 billion and $1.06 trillion in assets, the institute said.

However, there is an opportunity that we might be able to take advantage of.
Biden's thieves squirreled away a nice bit of cash that needs to be clawed back. Look at these pots of cash, totaling $590b

Exclusive | $375B EPA slush fund handled by John Podesta gave billions to charities founded only months earlier

The EPA gave out $20 billion to environmental justice and green credit groups that had barely registered with the IRS.

nypost.com

Administrator Zeldin Terminates Biden-Harris $20B 'Gold Bar' Grants | US EPA

EPA News Release: Administrator Zeldin Terminates Biden-Harris $20B 'Gold Bar' Grants

www.epa.gov

ICYMI: Administrator Lee Zeldin Finds Gold Bars from EPA at Stacey Abrams’ Connected Group, Biden-Harris Ethical Red Flags | US EPA

EPA News Release: ICYMI: Administrator Lee Zeldin Finds Gold Bars from EPA at Stacey Abrams’ Connected Group, Biden-Harris Ethical Red Flags

www.epa.gov

$42B Harris plan has connected zero homes to Internet | FreePressers

Is Kamala Harris using a modem from 1993 to attempt to deliver high speed Internet to millions of Americans in rural area...

freepressers.com

DOGE: Department of Government Efficiency

DOGE: Department of Government Efficiency

doge.gov

$150b saved by DOGE

So what should we do with $590b? How about invest it in the Sovereign Wealth Fund?

 

[Toddsterpatriot]

Sovereign wealth funds only make sense for countries that made so much
from oil, that they have extra government revenue floating around and no debt.

Unless we pay off the $36 trillion in debt, having the government "invest" in a fund is stupid.

 

[my2¢]

"No" from me. I wouldn't trust our politicians to keep their dirty hands off it.

 

[CrusaderFrank]

The US is a bit late establishing a sovereign wealth fund, mainly because we owe $37T instead of managing a surplus responsibly.

Why did Trump create a sovereign wealth fund?

Trump proposed setting up a fund that would finance "great national endeavors" including infrastructure projects while campaigning last year.

www.usatoday.com

Currently, the largest such fund is Norway's Government Pension Fund Global with $1.74 trillion in assets, followed by the China Investment Corporation, with $1.33 trillion in assets, according to the Sovereign Wealth Fund Institute, a data provider. Abu Dhabi, Kuwait, Saudi Arabia, and Singapore are among countries with prominent sovereign wealth funds, with between $801 billion and $1.06 trillion in assets, the institute said.

However, there is an opportunity that we might be able to take advantage of.
Biden's thieves squirreled away a nice bit of cash that needs to be clawed back. Look at these pots of cash, totaling $590b

Exclusive | $375B EPA slush fund handled by John Podesta gave billions to charities founded only months earlier

The EPA gave out $20 billion to environmental justice and green credit groups that had barely registered with the IRS.

nypost.com

Administrator Zeldin Terminates Biden-Harris $20B 'Gold Bar' Grants | US EPA

EPA News Release: Administrator Zeldin Terminates Biden-Harris $20B 'Gold Bar' Grants

www.epa.gov

ICYMI: Administrator Lee Zeldin Finds Gold Bars from EPA at Stacey Abrams’ Connected Group, Biden-Harris Ethical Red Flags | US EPA

EPA News Release: ICYMI: Administrator Lee Zeldin Finds Gold Bars from EPA at Stacey Abrams’ Connected Group, Biden-Harris Ethical Red Flags

www.epa.gov

$42B Harris plan has connected zero homes to Internet | FreePressers

Is Kamala Harris using a modem from 1993 to attempt to deliver high speed Internet to millions of Americans in rural area...

freepressers.com

DOGE: Department of Government Efficiency

DOGE: Department of Government Efficiency

doge.gov

$150b saved by DOGE

So what should we do with $590b? How about invest it in the Sovereign Wealth Fund?

$375B???? WTF For?! Holy fucking Moly!

 

[Crepitus]

The US is a bit late establishing a sovereign wealth fund, mainly because we owe $37T instead of managing a surplus responsibly.

Why did Trump create a sovereign wealth fund?

Trump proposed setting up a fund that would finance "great national endeavors" including infrastructure projects while campaigning last year.

www.usatoday.com

Currently, the largest such fund is Norway's Government Pension Fund Global with $1.74 trillion in assets, followed by the China Investment Corporation, with $1.33 trillion in assets, according to the Sovereign Wealth Fund Institute, a data provider. Abu Dhabi, Kuwait, Saudi Arabia, and Singapore are among countries with prominent sovereign wealth funds, with between $801 billion and $1.06 trillion in assets, the institute said.

However, there is an opportunity that we might be able to take advantage of.
Biden's thieves squirreled away a nice bit of cash that needs to be clawed back. Look at these pots of cash, totaling $590b

Exclusive | $375B EPA slush fund handled by John Podesta gave billions to charities founded only months earlier

The EPA gave out $20 billion to environmental justice and green credit groups that had barely registered with the IRS.

nypost.com

Administrator Zeldin Terminates Biden-Harris $20B 'Gold Bar' Grants | US EPA

EPA News Release: Administrator Zeldin Terminates Biden-Harris $20B 'Gold Bar' Grants

www.epa.gov

ICYMI: Administrator Lee Zeldin Finds Gold Bars from EPA at Stacey Abrams’ Connected Group, Biden-Harris Ethical Red Flags | US EPA

EPA News Release: ICYMI: Administrator Lee Zeldin Finds Gold Bars from EPA at Stacey Abrams’ Connected Group, Biden-Harris Ethical Red Flags

www.epa.gov

$42B Harris plan has connected zero homes to Internet | FreePressers

Is Kamala Harris using a modem from 1993 to attempt to deliver high speed Internet to millions of Americans in rural area...

freepressers.com

DOGE: Department of Government Efficiency

DOGE: Department of Government Efficiency

doge.gov

$150b saved by DOGE

So what should we do with $590b? How about invest it in the Sovereign Wealth Fund?

What $590 billion? That money doesn't exist.

 

[White 6]

The US is a bit late establishing a sovereign wealth fund, mainly because we owe $37T instead of managing a surplus responsibly.

Why did Trump create a sovereign wealth fund?

Trump proposed setting up a fund that would finance "great national endeavors" including infrastructure projects while campaigning last year.

www.usatoday.com

Currently, the largest such fund is Norway's Government Pension Fund Global with $1.74 trillion in assets, followed by the China Investment Corporation, with $1.33 trillion in assets, according to the Sovereign Wealth Fund Institute, a data provider. Abu Dhabi, Kuwait, Saudi Arabia, and Singapore are among countries with prominent sovereign wealth funds, with between $801 billion and $1.06 trillion in assets, the institute said.

However, there is an opportunity that we might be able to take advantage of.
Biden's thieves squirreled away a nice bit of cash that needs to be clawed back. Look at these pots of cash, totaling $590b

Exclusive | $375B EPA slush fund handled by John Podesta gave billions to charities founded only months earlier

The EPA gave out $20 billion to environmental justice and green credit groups that had barely registered with the IRS.

nypost.com

Administrator Zeldin Terminates Biden-Harris $20B 'Gold Bar' Grants | US EPA

EPA News Release: Administrator Zeldin Terminates Biden-Harris $20B 'Gold Bar' Grants

www.epa.gov

ICYMI: Administrator Lee Zeldin Finds Gold Bars from EPA at Stacey Abrams’ Connected Group, Biden-Harris Ethical Red Flags | US EPA

EPA News Release: ICYMI: Administrator Lee Zeldin Finds Gold Bars from EPA at Stacey Abrams’ Connected Group, Biden-Harris Ethical Red Flags

www.epa.gov

$42B Harris plan has connected zero homes to Internet | FreePressers

Is Kamala Harris using a modem from 1993 to attempt to deliver high speed Internet to millions of Americans in rural area...

freepressers.com

DOGE: Department of Government Efficiency

DOGE: Department of Government Efficiency

doge.gov

$150b saved by DOGE

So what should we do with $590b? How about invest it in the Sovereign Wealth Fund?

Maybe quit being Tax and spend Republicans, thinking of ways to give billionaires another tax break.

 

[kyzr]

Maybe quit being Tax and spend Republicans, thinking of ways to give billionaires another tax break.

1. Not sure how clawing $590b back from democrat slush funds makes us "tax and spend" Republicans?

2. Using that $590b to pay down the debt only saves a few percent of borrowing costs. Investing it wisely could pay off a bigger chunk of that $37T Debt.

3. No clue how any of this gives billionaires a tax break????

 

[kyzr]

"No" from me. I wouldn't trust our politicians to keep their dirty hands off it.

That's my biggest concern too.
Could it fund the Social Security shortfall after 2034? It would extend solvency way past 2034.
Probably best to dedicate the fund to a specific purpose by law, like making it a new SS Trust Fund for investment, but it could only be used to pay SS benefits, unless the Law is changed.

The simple answer is pay down some of the $36T Debt, but that doesn't take advantage of investing it over time.

 

[White 6]

1. Not sure how clawing $590b back from democrat slush funds makes us "tax and spend" Republicans?

2. Using that $590b to pay down the debt only saves a few percent of borrowing costs. Investing it wisely could pay off a bigger chunk of that $37T Debt.

3. No clue how any of this gives billionaires a tax break????

They kind of want to automatically add $3 Trillion to the debt ceiling over two years, (taking the pressure off to conserve anything, extend the tax breaks to the wealthy that would increase deficit spending $9 trillion over the next 10 years, to finance the tax breaks. At the same time, they want to cut services and manpower serving existing needs of aging middle class and the lower income tax payers, who collectively pay most of the taxes, unable to take advantage of tax breaks in place, that would apply to their financial situation. I feel like I am barely in that middle class being targeted, even now. If I had debt, I doubt I would feel like I was in it at all.

 

[kyzr]

They kind of want to automatically add $3 Trillion to the debt ceiling over two years, (taking the pressure off to conserve anything,

"They" being the Senate? The House is still arguing how to get the borrowing down, the Freedom Caucus wants to cut spending, aka "waste, fraud, and theft" back to Trump-45's budget.

extend the tax breaks to the wealthy that would increase deficit spending $9 trillion over the next 10 years, to finance the tax breaks.

The GOP holdouts want the top rate raised to 40%, we'll see how that shakes out.

At the same time, they want to cut services and manpower serving existing needs of aging middle class and the lower income tax payers, who collectively pay most of the taxes, unable to take advantage of tax breaks in place, that would apply to their financial situation. I feel like I am barely in that middle class being targeted, even now. If I had debt, I doubt I would feel like I was in it at all.

Bullshit. The top 10% pay 76% of all income taxes. The bottom 50% of incomes pay 2.3%.
We need to straighten out the Budget or the dollar will collapse and dollars will be worthless. Think about that.

 

[Toddsterpatriot]

1. Not sure how clawing $590b back from democrat slush funds makes us "tax and spend" Republicans?

2. Using that $590b to pay down the debt only saves a few percent of borrowing costs. Investing it wisely could pay off a bigger chunk of that $37T Debt.

3. No clue how any of this gives billionaires a tax break????

Investing it wisely could pay off a bigger chunk of that $37T Debt.

I don't trust the government to invest it wisely.

 

[kyzr]

Investing it wisely could pay off a bigger chunk of that $37T Debt.
I don't trust the government to invest it wisely.

Agreed.
That's why congress would need to specify exactly how it should be invested, and how and when to spend it.
So future administrations couldn't steal it again.

 

[Toddsterpatriot]

Agreed.
That's why congress would need to specify exactly how it should be invested, and how and when to spend it.
So future administrations couldn't steal it again.

I trust Congress even less.
Any rule passed by a Congress to invest it "wisely" can be reversed by a later Congress.
No thanks.