Biden Aides Working On Plan for American 'Sovereign Wealth Fund': Report

[Shipwack]

1. I have no idea how they would manage it, though ..!

The United States government can’t even produce a budget anymore. How is it going to manage a wealth fund when the two sides are pulling in nearly opposite directions?

I fear we’ll have the same situation monetarily as our budget:

1) Democrats invest in green energy and infrastructure.
2) After four (or at most 12) years the Republicans come into power and emphasize drilling and border wall building.
3) The money dwindles away as the Republicans purposefully waste it. When the Democrats get back in charge, the account is empty. The Republicans grin and say,”Awww shucks… I guess you can’t do anything now.”

This is exactly what they do with the Treasury. They run up so much debt with their giveaways to the 1% that the Democrats are never able to enact any of their major priorities.

I’m not saying it’s a bad idea; I feel just the opposite. The Devil is in the details, though. There’s a reason we can’t have the nice things other developed nations do.