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Podcast: Plain Talk
Episode: 613: 'We're not providing a grant. We do expect a return to come back to us.'
Description: In a recent column, I argued that the concept of "baby bonds" — a verison of which is included in "big beautiful bill" President Donald Trump is backing in Congress — is something North Dakotans should implement whatever the federal government might do. We have hundreds of millions in revenue from the Legacy Fund's investments, and we have the Bank of North Dakota to administer the program. A rough estimate based on the average number of live births in our state every year is that this would cost the state about $20 million or so per biennium. After I pu...