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Sovereign Wealth Fund in the News…Again - CRFB.org
The idea of a $150 trillion debt-funded solution to Social Security’s long-term actuarial problem has been in play for some time, with conflicting views on how — or if — it would be a viable solution. We covered an initial flurry of news on this concept in a post on this website, explaining the rationale proposed by Senator Bill Cassidy M.D. (R-LA) for the creation of a “…new fund—separate from the Social Security Trust Fund—that invests in the growth of the American economy.”
Yesterday, the Committee for a Responsible Federal Budget (CRFB) published an examination of the sovereign wealth fund concept, highlighting its political and economic risks. Read the CRFB analysis in full here…
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