By Treasurer David McRae At last check, the U.S. national debt had tipped over $32.5 trillion. That’s a lot of money. Think about it this way: $32.5 trillion is more than the economies of China, Japan, the United Kingdom, and Germany – combined. Break it down to the individual level and it’s about a quarter-million dollars per person. Yikes. Even … Read More

By Treasurer David McRae On its closing week of session, the U.S. Supreme Court delivered a major win to taxpayers, shutting down President Biden’s massive student loan forgiveness scheme that would have cost taxpayers more than $1.5 trillion. Let me be clear: I understand a college education opens the door to incredible career opportunities and statistically increases one’s earning potential. … Read More

By Treasurer David McRae The right to “Life, Liberty and the pursuit of Happiness” has been hard-won, earned through the sweat and blood of revolutionary patriots, articulated by America’s Founding Fathers, and maintained by generations of men and women in uniform. While these principles have remained a constant rallying cry for the American people, they have also evolved over the … Read More

By Treasurer David McRae Mississippi knows a thing or two about winning teams. It’s rarely a single player who can lead us to a national championship. Sure, there might be a standout quarterback some years. But without a solid offensive line and a defense that can limit the opposition’s scoring, you aren’t going to win the title. That’s true in … Read More

By Treasurer David McRae I believe that Mississippi’s best days are still ahead. I see that when I watch my kids learn and play, when I meet with the students who participated in College Savings Mississippi’s recent Art Contest, and when I talk to other parents and our teachers. We have an incredible group of young people coming of age … Read More

By Treasurer David McRae It’s graduation season in Mississippi, kickstarting a summer of preparation for our graduates and their families. Most parents use these next few months to bestow the essentials on their children – from the twin XL bedsheets that are only really needed in college dorm rooms to towels, desk lamps, and a few sets of trendy new … Read More

By Treasurer David McRae Life can be full of unknowns. Will I get into a good college? Will I find a strong partner? Will I be able to retire when I want? Will I be able to stay healthy? In some cases, the only thing we can do is lay the unknowns in God’s hands. In other cases, such as … Read More

By Treasurer David McRae Every year, your State Treasury hosts an Art Contest for Pre-K through 12th-Grade Students. This year’s competition drew in more than 1,000 applications – each of which featured a child’s dreams in answering the question: What do you want to do when you grow up? The truth is that I love this time of year because … Read More

Jackson, Miss. —Mississippi Treasurer David McRae joined top finance officials this week in challenging President Biden on a new mortgage rule that punishes families with good credit scores. Under the mortgage redistribution policy, home buyers who have maintained good credit scores and offer a strong down payment will face higher mortgage fees going forward. These increased fees will then be used … Read More

JACKSON, Miss. – David McRae this week announced the 2023 College Savings Mississippi Art Contest winners with a reception at the Mississippi Museum of Art. Twelve students and one teacher took home a combined $3,500 worth of scholarships during the event. “In these students’ artwork, we saw the beauty of their creativity, but also a snapshot of their dreams,” said McRae. … Read More