Yes, that is true. Trump, though you all say that he 'cares not', is proposing giving $1000 to each newborn child.
A great gesture of course, but the man is not trying to look like a nice guy...No, he is planning the future of America. He knows that he is creating a wealthy country for our children's futures.
Kind of gives one the creeps when you see who (HunterandJoe) got money that could have been given to newborns.
Is any other country making such plans? No, I dont think so. Any cheers for Trump?? Sonhouse? Would you rather us send money to Burundi...make 'Burundi First"?
https://www.cnn.com/2025/06/09/politics/trump-accounts-newborn-1000
@congruent saidNow now, little feller. It’s not about me. I just report that the market has been 10% over the last 40 years. So jumpy….
@AverageJoe1, politics is not your strongest point, least of all the stock markets.
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The UK Chancellor Gordon Brown did this back in the 2000s - with £500 for each new born. Overall, a good idea, though as with all of these things, there are flaws in the system. Unclaimed sums, difficulties for some to claim particularly those deemed to not have intellectual capacity.
I don't think the UK was alone in this idea either.
@raiox saidYes, that def happened. But if your child has a record, a certificate, or whatever is issued in that child’s name, showing the existence of the investedmoney, being in a certain named qualified AAA Moody-approved account, I am sure that it would be perfectly protected.
The UK Chancellor Gordon Brown did this back in the 2000s - with £500 for each new born. Overall, a good idea, though as with all of these things, there are flaws in the system. Unclaimed sums, difficulties for some to claim particularly those deemed to not have intellectual capacity.
I don't think the UK was alone in this idea either.
I am indeed sure, relying solely on the guarantee of the United States government. And of course, the health of the fund, the investment.
@spruce112358 said??? This is Trump’s idea. Even SHouse will applaud this. Get on the train.
Thanks Joe Biden! And Obama! And Bill Clinton!!! 😆