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Reason Magazine

Reason Magazine

Trump and Biden agree: Just call debt 'wealth' instead!

Reason Magazine
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68% Informative

Former President Donald Trump says the U.S. should have a "sovereign wealth fund" to offset its $35 trillion debt.

Frida Ghitis : A fund that size would amount to barely 4 percent of the accumulated $35.4 trillion national debt.

She says it's unlikely that discretionary funds of that magnitude will be available to the government anytime soon.

Ghitis says both Biden and Trump seem especially allured by having access to a "wealth" for their own "owns".

Both parties are eager to create new language to hide our fiscal problems while directing a few trillion dollars to the most complex economic projects imaginable without oversight. Who says the two parties can't work together?.