A defensive President Donald Trump on Wednesday declared American children owed him gratitude for his leadership.
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The commander-in-chief’s typically rambling and grammatically ambiguous Truth Social post claimed credit for a new $250 million investment in Trump Accounts, the government-run savings accounts for kids that Sen. Ted Cruz (R-TX) praises as a pathway to privatizing Social Security.
“My Policies are WORKING, and working ‘BIG,'” Trump wrote. “Our Country is doing far better than any country, anywhere in the World.”
Trump claimed the $250 million investment in his “fabulously successful” program would provide millions of American children “real financial security” and a “headstart [sic].”
But critics warn that the benefits of Trump Accounts will most likely be “trivial” and come with caveats not often included in his talking points, such as the fact that individual contributions are not tax-deductible.
The editorial board of the conservative news outlet National Review warned readers, “Trump Accounts are bound to disappoint.”
And the Urban Institute, the nonprofit founded by former President Lyndon Johnson as part of his “War on Poverty,” argues that the account will primarily benefit wealthy families with cash to invest.
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Trump’s declaration that millions of children would benefit from one $250 million donation arrived the same day he boarded a $400 million luxury jet, a gift from Qatar, and fielded questions about the $2.2 billion he’s earned since returning to office.
While the White House claims there is no conflict of interest because a blind trust has been managing his assets, CNN host Andrew Berman noted two American children — Trump’s own, Don Jr. and Eric — still manage the family business and remain close at hand.
“The president said he hasn’t talked to the people who handle his money,” Berman said. “His two sons were standing directly behind him when he said that.”
The corporate pledge from Micron Technology was confirmed by the economic magazine Quartz earlier Wednesday.
“This investment is about helping children build a strong foundation for future opportunity while supporting the workforce and communities that will shape U.S. semiconductor leadership,” CEO Sanjay Mehrotra told the outlet.
Added Trump on Truth Social, “This incredible gesture…will make many children extremely happy some day in the not too distant future.”
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