North Dakota's Legacy Fund, since it was created by the Legislature and approved by voters in 2010, has turned a slice of the state's oil tax revenues into a nearly $8 billion balance.

That balance is invested in stocks and bonds across the nation, and the world, including in some ways that, as a moral matter, we shouldn't be happy about.

Almost none of it is invested in North Dakota.

Rep. Mike Nathe wants to change that. Or, at least, the part where practically none of these North Dakota tax dollars are invested in North Dakota.

He has proposed legislation that, if passed, would require that 20 percent of the Legacy Fund's balance (he pins that number at about $1.4 billion) would be earmarked for investment in North Dakota. It would be available as capital not just for companies and start-ups, but also for infrastructure.

He talked about the proposal on this episode of Plain Talk.

North Dakota has long been plagued by a shortage of capital. It's hard for companies that want to do business in our companies to find investment. Economic diversification is another long-standing issue dilemma for the state. While our most dominant industries, agriculture and energy, have created no small amount of prosperity here, they're also commodity-based and prone to volatility. The state's leaders have long seen this as having our eggs in too few baskets, but a solution hasn't been obvious.

Nathe's bill, which has broad support including from legislative leadership, is aimed squarely at those problems. Not only would companies looking to operate in the state have access to more capital, but the funds could also be invested in cheaper financing for needed infrastructure (think things like sewage plants and bridges).

Since the state would essentially be lending money to itself, that process would be faster and less of a financial burden to taxpayers.

What better use could there be for the Legacy Fund than to address some of North Dakota's legacy problems?

Rob and Jay talk about gun control legislation, the Capitol riot, and a bill that would end an exemption for clergy when it comes to mandatory reporting of child abuse.

"Trump is the best President of my lifetime," Senator Kevin Cramer told me on this episode of Plain Talk.

It's a statement he's made publicly many times, even after the ugly events in Washington D.C. on January 6.

But Cramer is also critical of President Donald Trump. He has accused Trump of inciting the crowd before the riot, he criticized the president for his conduct during and after the riot, and he said Trump's recent address, finally conceding the election and calling for peace, was tardy.

When asked if Donald Trump, after the riot at the capitol, is an effective messenger for Republicans and his movement Cramer said, "I doubt that he is, quite honestly."

Should President Trump be impeached and removed from office? That's "exactly the sort of activity that is not conducive to healing this nation," he said.

He also believes that Trump does not meet the requirements for removal by his cabinet under the 25th amendment.

The text of that amendment states that the President can be removed from office when the Vice President and a majority of cabinet members feel that he or she is "unable to discharge the powers and duties of his office.

What really seems to be frustrating Cramer is that the events at the end of Trump's term in office are going to overshadow the accomplishments on tax policy, energy and agriculture regulation, and foreign policy that he's proud to have helped the President enact.

"As Republicans distance themselves from Donald Trump the person we have to hold onto his ideas," Cramer said.

Rob and Jay talk about the latest coronavirus news.

Rob and Jay talk about North Dakota's new mask mandate.

Rob and Jay talk election results, Twitter bans, and District 8 controversy.

As the votes continue to be counted, President Donald Trump, which no real evidence, is making accusations of a fraudulent election.

How does North Dakota Senator Kevin Cramer, a staunch Trump supporter, feel about it?

"I don't think it helps him," Cramer said on this episode of Plain Talk.

"Do I condone everything President Trump says? No," Cramer also said.

But he also said he understands the President's feelings. "I don't blame President Trump for his level of frustration," Cramer said citing what, at this point, seems to have been some wildly inaccurate public polling and some dubious vote-counting procedures in states like Pennsylvania.

Cramer also spoke about some state-level politics, weighing in on the controversy in District 8 where Governor Doug Burgum, lawmakers, local party leaders, and the Democrats are all squabbling over who should get to sit in a legislative seat voters elected a dead person to.

Who will win the election? Rob and Jay discus.

Former North Dakota Governor Ed Schafer does not support Measure 2. He does not believe the Legislature should get a chance to overturn a ballot-box vote to enact a constitutional amendment.

Measure 2 would amend the state constitution to make it so that constitutional measures approved at the ballot box would also have to be approved by both houses of the Legislature. If one or both houses voted against the amendment, it would go back to a second statewide balloting allowing voters to overturn the Legislature's veto.

I don't agree with Ed, and on this episode of Plain Talk we debate the issue, but we did find one area of agreement.

Whatever happens with Measure 2 next month, it's clear the status quo in North Dakota's initiated measure process is broken. Schafer and I spoke of potential policy curatives ranging from finance reform for initiated measure campaigns to bans on paid signature collectors to limiting measures to one policy change each.

"Trump has brought the rural voice back into play," Shelley Lenz told me on this episode of Plain Talk.

Lenz is the Democratic-NPL candidate for governor, challenging Republican incumbent Doug Burgum, and while she clearly doesn't like Trump overall, she is critical of her own party for not paying enough attention to the priorities of rural Americans.

"Urban Democrats are misinformed," she told me.

Much of our conversation, as you might expect, focused on the COVID-19 pandemic and Burgum's response to it. Lenz says Burgum has "failed" by, among other things, not paying enough attention to the advice from medical experts.

"He's not a doctor," Lenz said.

She also spoke about her "homegrown prosperity" platform that would seek to promote more investment in North Dakota.