Treasury Secretary Bessent says US can grow out of debt with 3% annual growth
Treasury Secretary Scott Bessent said Tuesday at SMU Cox School of Business in Dallas that the US can grow its way out of debt if it achieves 3% annual economic growth, stating 'We don't have a revenue problem. We have a spending problem.' Multiple independent accounts corroborate Bessent's fiscal growth framing and his broader position on US debt and dollar strength.
Detected & updated continuously · Source: Nebula
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@Tonyrides1
Treasury Secretary Scott Bessent said Tuesday that he believes the US can grow its way out of debt if it can achieve annual economic growth of 3%. "We don't have a revenue problem. We have a spending problem," Bessent said during a Q&A at SMU Cox School of Business in Dallas. He
@jpmayall
Bessent is right, and the evidence runs deeper than relative performance. The dedollarization trade has been on for a decade, so look at the scoreboard: foreigners hold a record $9.3 trillion in U.S. Treasuries, American soil holds 141% more official gold than the entire BRICS
@jpmayall
In 1992 Bessent was on the Soros team betting against the house, back when the Bank of England swore it would defend the pound. Now he says he is the house. All that's missing is Michael Burry announcing a short on Treasuries to confirm the house actually wins this one. 😂