Plain Talk With Rob Port

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 published my column, Treasurer Thomas Beadle reached out, saying it's a topic that intrigues him as well. "I think that you get a little bit of a a stakeholder society," he said on this episode of Plain Talk. "Children are being set up with these accounts, and the parents are managing these accounts on behalf of their kids, so they will be vested. They might have a stakeholder interest in making sure that programs like this are viable." Speaking of investments,