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

[pknopp]

/---/ Only Congress can add to the debt. All a president can do is make recommendations. I thought you would have learned this by now after we bytchslapped you libtards with how the government works a thousand times.
I pity your Special Ed teachers.

The president has to sign off on every single penny of debt. You have been taught this many times also but for some reason seem unable to learn it.

 

[Lesh]

/---/ A surplus can be created; sadly democRATs and liberal judges are roadblocking Trump every chance they get.

Sure. As soon as you come up with 30 trillion dollars. Get back to us when you do

 

[Cellblock2429]

The president has to sign off on every single penny of debt. You have been taught this many times also but for some reason seem unable to learn it.

/---/ True, but that doesn't mean he has much choice. Trump vetoed a spending bill in his first term, and when Gubmint shut down for three months, demiocRATs sat back and refused to compromise on spending.
At some point, a president -- any president, has to throw in the towel and sign the bill to keep government working.

Here is some more democRAT fear mongering:

WORKERS SPEAK OUT: 'The Shutdown Needs To End' - democrats.org​

Now, workers across the country are scared they won't get paid and want the shutdown to end. Republicans must join Democrats in standing up for these workers and reopening the government. Here are real stories of workers hurt by the Trump Shutdown: "I have to save every penny right now." -

 

[struth]

The Energy Policy Act of 2005 try reading it some time and you will see why the US has done what it has been doing with renewables and biofuels.

Actually the authority came from the 2009 Dem stimulus bill.for companies developing commercial tech

Not the 2005 energy policy act

 

[Cellblock2429]

Sure. As soon as you come up with 30 trillion dollars. Get back to us when you do

/---/ That's what Trump is trying to do. No democRAT president gave a hoot about elimating the debt. Ever see a balanced budget from Obama and Joe? And that goes for most Republican presidents too.

 

[Moonglow]

/---/ That's what Trump is trying to do. No democRAT president gave a hoot about elimating the debt. Ever see a balanced budget from Obama and Joe? And that goes for most Republican presidents too.

so far Trump has not eliminated the debt nor has he reduced it. We never saw a balanced budget from a Republican in the last fifty years.

 

[pknopp]

/---/ True, but that doesn't mean he has much choice. Trump vetoed a spending bill in his first term, and when Gubmint shut down for three months, demiocRATs sat back and refused to compromise on spending.
At some point, a president -- any president, has to throw in the towel and sign the bill to keep government working.

Here is some more democRAT fear mongering:

WORKERS SPEAK OUT: 'The Shutdown Needs To End' - democrats.org​

Now, workers across the country are scared they won't get paid and want the shutdown to end. Republicans must join Democrats in standing up for these workers and reopening the government. Here are real stories of workers hurt by the Trump Shutdown: "I have to save every penny right now." -

He has every choice in the world. He has the ultimate choice. Trump even argued many times for increased spending.

You forget he just tried to get Congress to do away with the debt limit.

When we were foolishly spending ourselves into massive debt with Covid Trump argued we should spend even more.

 

[pknopp]

/---/ That's what Trump is trying to do. No democRAT president gave a hoot about elimating the debt.

Clinton did so.

 

[Cellblock2429]

Clinton did so.

/---/ Go argue with the Cato Institute.

No, Bill Clinton Didn't Balance the Budget | Cato Institute​

It was Bill Clinton who, during the big budget fight in 1995, had to submit not one, not two, but five budgets until he begrudgingly matched the GOP's balanced-budget plan.

 

[pknopp]

/---/ Go argue with the Cato Institute.

No, Bill Clinton Didn't Balance the Budget | Cato Institute​

It was Bill Clinton who, during the big budget fight in 1995, had to submit not one, not two, but five budgets until he begrudgingly matched the GOP's balanced-budget plan.

Clinton was the last one to bring down spending. If we had remained on that track, we would not be where we are today.

Bush, Obama, Trump and Biden all massively failed us.

 

[Cellblock2429]

Clinton was the last one to bring down spending. If we had remained on that track, we would not be where we are today.

Bush, Obama, Trump and Biden all massively failed us.

/—-/ Again, for the slow to learn, only Congress can balance the budget.

 

[pknopp]

/—-/ Again, for the slow to learn, only Congress can balance the budget.

And the president can force that but Trump decided to sign off on every penny of debt.

It's sad how so many will condemn Biden for 8 trillion in debt but excuse Trump for 7.8 trillion in debt.

Both massively failed us.

 

[Cellblock2429]

Clinton was the last one to bring down spending. If we had remained on that track, we would not be where we are today.

Bush, Obama, Trump and Biden all massively failed us.

/—-/ Clinton did it reluctantly. Dick Morris had to convince him to do it.

 

[pknopp]

/—-/ Clinton did it reluctantly. Dick Morris had to convince him to do it.

Irrelevant. It was done. Trump spent us into $7.8 trillion in debt. Trump argues he only hires the best and balancing the budget would be easy.

Why didn't he have someone telling him not to get us into this debt?

 

[Cellblock2429]

Irrelevant. It was done. Trump spent us into $7.8 trillion in debt. Trump argues he only hires the best and balancing the budget would be easy.

Why didn't he have someone telling him not to get us into this debt?

/—-/ Hey, Stuck on Stupid, if you insist the president controls spending, how much debt did Joe create?

 

[pknopp]

/—-/ Hey, Stuck on Stupid, if you insist the president controls spending, how much debt did Joe create?

I already addressed that many times. I noted it was wrong and he failed us but you still respond with the Pavlovian reactions.

For me, it's all wrong and condemnable. For you it's only wrong when Democrats do it.

 

[Crepitus]

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.

a billionaire slush fund.

 

[Cellblock2429]

I already addressed that many times. I noted it was wrong and he failed us but you still respond with the Pavlovian reactions.

For me, it's all wrong and condemnable. For you it's only wrong when Democrats do it.

/——/ It’s wrong when Congress does it. The president is just a formality in the budget process.

 

[pknopp]

/——/ It’s wrong when Congress does it. The president is just a formality in the budget process.

But yet you condemn Biden for the debt under him. (signing off on the debt is not a formality)

 

[luiza]

What bullshit. This era is all about breaking things with no plan to replace them.

We had a hard right Conservative government in the Province of Ontario in the 1990's. They cut welfare in half, decimated the Environmental laws, and "cracked down on crime". The Premier paid everybody in Ontario $200 as a "taxpayer dividend", because he "balanced the budget", and the jerk got re-elected for another 4 years.

Then people died from contaminated drinking water in a small town where no inspections were taking place, police shot protestors. School board budgets were slashed, and schools lost nurses, janitors, and teaching assistants. We spent $50 million firing thousands of nurses - all of whom immediately found work in the USA. There was a teacher's strike every year.

They closed all of the long term care mental hospitals saying they would use the savings to provide community resources for the mentally challenged. Trouble is they didn't put the community resources in place to help these people transition into the communities before closing the hospitals. By the time the community resources were in place, the former patients were already homeless, in jail or lost to the system.

The people threw the Conservatives out. Turned out they lied about balancing the budget too, and all their slashing and burning left our health care and our schools in chaos, and increased poverty. We had to spend another $50 million to rehire our nurses.

Conservatives cannot manage ANYTHING.

You are obviously under considerable strain and finding it difficult to cope with your Chaos .

Unfortunately you seem to mistakenly assume that your experience on a local basis accurately mirrors the global picture .
Badly inaccurate .
Most unfortunate but that is False Projection .

It is a simple fact that in general terms across the globe the Left has been found badly wanting and unable to run matters in ways which the majority of people are now prepared to let continue .
How Ontario deals with its problems is down to the people who live there to solve .
And if that does not work and still causes you so much anger ---- move .

.