With our national debt above $36 trillion, and our friends at the federal government having overspent by $85 billion in December alone, worries about the nation’s fiscal picture are growing.
But forget DOGE and other plans to attack the spending. We have the answer to our fiscal woes sitting in Congress, which has a number of absolutely phenomenal stock traders judging by their 2024 returns.
Tell them to forget bickering over legislation and instead invest on the behalf of the United States. We could be solvent again after a few more of their good years.
I mean, these people are uncanny when it comes to investing their money.
The year 2024 was a good one for stock investors in general, with the S&P 500 rising 24.9 percent. Chump change, say I. More than 20 members of Congress made about double that with their stock trading and the Top 5 among those ranks increased their portfolio by more than 100 percent.
You wonder why these investment geniuses are wasting their time in Congress. Or maybe, as cynics suggest, they are taking advantage of their time there.
Former House Speaker Nancy Pelosi was among the best yet again, with a portfolio increase reported at unusualwhales.com of nearly 71 percent.
David Rouzer was reported by that same site to be at the top of Congress with a 149 percent gain last year and Debbie Schultz was second, 142.3 percent.
Dan Crenshaw, who was credited with a 61.3 percent gain in 2024, was quoted on the site defending Congress members trading stocks, despite the possibility of possessing inside knowledge due to their work on legislation or contracts that just might affect individual companies.
Crenshaw as reported on the unusualwhales.com site, rationalized trading as a way to make money for members who “haven’t gotten a pay raise since 2008.”
I repeat, let these people trade for themselves. But create a fund of $3 trillion or so for them to trade on behalf of the country.
Getting those 140 percent gains, and starting with that $3 trillion, they could have the debt covered in five years or so, a year less than a Senator’s term. Eat your heart out, DOGE!
Instead of limiting the stock trading, which has been the subject of a bi-partisan attempts in recent years, turn these people loose to help someone beyond themselves. I’m sure they’d be happy to do it, as long as they can keep their profit machine going, too.
Sam Ross Jr's site 