Trump signs executive order creating a sovereign wealth fund for U.S.

[Cellblock2429]

No, like the Mormon Church’s multibillion dollar secret war chest. It’s a secret.

USAID was a government program funded by Congress on the line by line basis. They knew what money they had they knew exactly where it was going.

/—-/ The Mormon Church?

 

[TheInfiniteSadness]

This is fucking hilarious. He 's going to use government surplus to create a fund. The United States is trillions of dollars in debt so exactly where is the surplus money coming from?

The interest on that debt will exceed anything he puts in that fund.

Did he mention to you that if he takes over Greenland he'll add $600 million in debt instantly.

 

[Cellblock2429]

This is fucking hilarious. He 's going to use government surplus to create a fund. The United States is trillions of dollars in debt so exactly where is the surplus money coming from?

The interest on that debt will exceed anything he puts in that fund.

Did he mention to you that if he takes over Greenland he'll add $600 million in debt instantly.

/—-/ Folks, no need to see what Trump’s plans are, TheInfinateSadsack has it all figured out.

 

[Toddsterpatriot]

No, like the Mormon Church’s multibillion dollar secret war chest. It’s a secret.

USAID was a government program funded by Congress on the line by line basis. They knew what money they had they knew exactly where it was going.

USAID was a government program funded by Congress on the line by line basis.

Congress votes on every dollar USAID spends?
Cool!
Let's see the vote totals on all the trans spending in Arab countries.

 

[TheInfiniteSadness]

/—-/ Folks, no need to see what Trump’s plans are, TheInfinateSadsack has it all figured out.

The single most important factor in the Greenlandic economy is financial aid from Denmark, mainly in the form of the bloktilskud [da]. In 2024, the bloktilskud to Greenland was 4.3 billion kr, in of itself amounting to a third of the island's total public revenue.[174] On top of this, the Danish state covered the expenses for i.a. judiciary and defence, which together were estimated to amount to over 1 billion kr.[175]As of 2019 it subsidises Greenland with "4.3 billion kr." annually, up from 3,6 billion kr. in 2009.[177] The bloktilskud alone accounted for around a third of the total public revenue in Greenland.

Greenland - Wikipedia

en.wikipedia.org

maga nazi Sheep 4.3 billion kr is equal to $600 million dollars which Denmark is spending in Greenland. Your pathetic excuse for a president who wants to save money will have to assume that debt.

Now maga nazi Sheep you reply with something meaningless again

 

[Cellblock2429]

The single most important factor in the Greenlandic economy is financial aid from Denmark, mainly in the form of the bloktilskud [da]. In 2024, the bloktilskud to Greenland was 4.3 billion kr, in of itself amounting to a third of the island's total public revenue.[174] On top of this, the Danish state covered the expenses for i.a. judiciary and defence, which together were estimated to amount to over 1 billion kr.[175]As of 2019 it subsidises Greenland with "4.3 billion kr." annually, up from 3,6 billion kr. in 2009.[177] The bloktilskud alone accounted for around a third of the total public revenue in Greenland.

Greenland - Wikipedia

en.wikipedia.org

maga nazi Sheep 4.3 billion kr is equal to $600 million dollars which Denmark is spending in Greenland. Your pathetic excuse for a president who wants to save money will have to assume that debt.

Now maga nazi Sheep you reply with something meaningless again

/—-/ Our awesome president is kicking ass and cleaning out the democRATs rats nest. Deal with it.

 

[ThisIsMe]

Trump signs executive order creating a sovereign wealth fund for U.S.

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

www.washingtontimes.com

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

Treasury Secretary Scott Bessent and Howard Lutnick, Mr. Trump’s nominee for Commerce secretary, are tasked with spearheading the effort.

“It’s about time the U.S. had a sovereign wealth fund,” Mr. Trump told reporters in the Oval Office during the signing ceremony.

The president suggested the government could use the funds to purchase TikTok, the social media platform that was briefly banned in the U.S.

Mr. Bessent said the wealth fund should be set up within the next year.

“We’re going to monetize the asset side of the U.S. balance sheet for the American people,” he said. “We are going to put the assets to work.”

The move fulfills a campaign promise by Mr. Trump, who repeatedly touted the benefits of creating such a fund, which are popular investment vehicles for governments in Asia and the Middle East. Those countries direct their budget surpluses toward a wide range of investments to help wield their influence around the world.

I'm surprised this one slipped under USMB's radar.

I'm sort of torn on it given what dems would do to it if they regain power.

I'm listening....if this works it could help generate money for the country. Except for tik tok, the government has no business owning a social media company.

 

[ThisIsMe]

I just noticed the flaw in the idea.

If we cut enough waste from government spending..a surplus is possible.

 

[luiza]

A country can't be run like an investment portfolio.

Why not?
At least tell us why .

BECAUSE I suggest that People should be first evaluated in terms of figures if only as a guide on efficiency and required effectiveness .

After that you can discuss part or even full exemptions and give reasons for their proposed different treatment .

Example .
By stating that you want your country to lead in the field of AI, you are effectively making decisions that affect
demographics of
School curriculum .
University courses and their teachers
Post graduate and general research facilities and organisations.
Degree of Financial extra effort, bias or emphasis required .
Venture capital to push relevant start -up and existing companies
Tax incentives etc etc

Your investment is in the appropriate World Market and then its results .

 

[pknopp]

Stupid idea, the US has $37T in DEBT not a SURPLUS to invest.

Yes, I quit reading at "government surpluses".

 

[pknopp]

If we cut enough waste from government spending..a surplus is possible.

Not combined with tax cuts. Even Trump understands that which is why he called for an end to the debt ceiling.

 

[ThisIsMe]

Not combined with tax cuts. Even Trump understands that which is why he called for an end to the debt ceiling.

I agree the tax cuts are going to be a tough issue,but still, it's been my position that cutting spending is the ONLY way to improve our situation.

Maybe with cutting spending and eliminating waste, it could make a surplus possible.

Clinton managed to get a budget surplus with a 39% tax rate on top earners, currently, we're not too far off that, at 37%. The difference? The government just keeps spending more.

 

[pknopp]

I agree the tax cuts are going to be a tough issue,but still, it's been my position that cutting spending is the ONLY way to improve our situation.

It's not the only way but it does need to be done.

Maybe with cutting spending and eliminating waste, it could make a surplus possible.

Clinton managed to get a budget surplus with a 39% tax rate on top earners, currently, we're not too far off that, at 37%. The difference? The government just keeps spending more.

Like buying TikTok? (Something the government has no business doing)

 

[BULLDOG]

Why not?
At least tell us why .

BECAUSE I suggest that People should be first evaluated in terms of figures if only as a guide on efficiency and required effectiveness .

After that you can discuss part or even full exemptions and give reasons for their proposed different treatment .

Example .
By stating that you want your country to lead in the field of AI, you are effectively making decisions that affect
demographics of
School curriculum .
University courses and their teachers
Post graduate and general research facilities and organisations.
Degree of Financial extra effort, bias or emphasis required .
Venture capital to push relevant start -up and existing companies
Tax incentives etc etc

Your investment is in the appropriate World Market and then its results .

They don't have the same goals. The goal of a country is and should be only the protection and care for its citizens. The only goal of a business is profit.

 

[luiza]

They don't have the same goals. The goal of a country is and should be only the protection and care for its citizens. The only goal of a business is profit.

Wrong
It is Profit maximisation but expressed not in money terms but in "species usefulness " terms.
My problem is that I am already at the next stage and waiting for the Sleepers to catch up .

Very soon we will not think and behave in terms of individual countries .
We have Quantum Computers that enable us to think in terms of getting the optimal solution for a problem .
NOT just the best result when the answer is limited by considerations of borders .
That is , limited by artificial constraints .

So . Hurry Up .
I/We are waiting ,

 

[sealybobo]

There are more than 100 sovereign wealth funds around the world with combined assets worth over $10 trillion, according to data from the Sovereign Wealth Fund Institute. Saudi Arabia, Kuwait, China and Norway have some of the funds in the world, redirecting gains into infrastructure and technology projects.


i wonder how it's working out for them?

~S~

They have surplus'

Sovereign wealth funds are normally operated by countries with surplus revenues but the U.S. “perennially runs budget deficits,” it added.

The fund would “merely be one more way for the government to commandeer private wealth for political purposes. It will destroy more wealth than it creates,”

Wall Street Journal Warns New Trump Move Will ‘Destroy More Wealth Than It Creates’

It "deserves to die in Congress," said the newspaper’s conservative editorial boxard.

www.huffpost.com

 

[Toddsterpatriot]

They have surplus'

Sovereign wealth funds are normally operated by countries with surplus revenues but the U.S. “perennially runs budget deficits,” it added.

The fund would “merely be one more way for the government to commandeer private wealth for political purposes. It will destroy more wealth than it creates,”

Wall Street Journal Warns New Trump Move Will ‘Destroy More Wealth Than It Creates’

It "deserves to die in Congress," said the newspaper’s conservative editorial boxard.

www.huffpost.com

Yeah, that's a silly idea.

 

[BULLDOG]

Wrong
It is Profit maximisation but expressed not in money terms but in "species usefulness " terms.
My problem is that I am already at the next stage and waiting for the Sleepers to catch up .

Very soon we will not think and behave in terms of individual countries .
We have Quantum Computers that enable us to think in terms of getting the optimal solution for a problem .
NOT just the best result when the answer is limited by considerations of borders .
That is , limited by artificial constraints .

So . Hurry Up .
I/We are waiting ,

Soo you've reached the next stage of human evolution. That's so nice for you. ------ dumbass

 

[ThisIsMe]

It's not the only way but it does need to be done.



Like buying TikTok? (Something the government has no business doing)

I think cutting spending is the only way. How much labor do you think people should be required to do for free?

I agree, government has no business buying...any company, let alone a social media company

 

[pknopp]

I think cutting spending is the only way. How much labor do you think people should be required to do for free?

Stupid hyperbole dismissed and ignored.