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"There’s nothing magic about the $40 trillion number, and we can grow our way out of that" - Bessent He also claims the number is temporary because of tariff r
by CamelCaseName 26d ago
"There’s nothing magic about the $40 trillion number, and we can grow our way out of that" - Bessent
He also claims the number is temporary because of tariff refunds, and that they will reduce the debt with more tariffs.
- mlnj 26d agoGrow our way out of that means hitting the $50 trillion number.
- coldtea 26d ago"I'm not bald, there's nothing special about 300 hairs, which I currently have, compared to 300,000, which I used to have making me suddenly bald" Just because there's no magical boundary number doesn't mean a metric can't become increasingly more shitty, and suddenly turn into a bad outcome. Not every response is linear.
- jerf 26d agoThe best lies contain truth in them. Yes, there's nothing magical about $40 trillion. It's true, nominally. But if the conveniently-round number, in dollars (an arbitrary unit) and base-10 (an arbitrary base) prompts some people to poke their heads up and start asking questions, that's a good thing. Mind you $10 trillion might have been a better time, but, $40 trillion is a better time than $100 trillion.
- GlibMonkeyDeath 26d ago"grow" == "inflate"
- FpUser 26d agoMaybe there is no magic about the absolute number. How about magic of the debt servicing costs that are paid by Joes and Janes
- fridder 26d agoWe'll grow our way out whenever the mythical trickle down works
- ImPostingOnHN 26d agoHe's right, the number is temporary because of tariff refunds: as the refunds are issued, it will grow.
- BLKNSLVR 26d agoWe will grow to $50T before you know it, and this headline will look silly.