Bessent Defends Adding Trillions To US Debt [VIDEO]

FOX HOST BILL HEMMER: “This bill adds trillions to our debt. How is that acceptable to this administration?

SCOTT BESSENT: “You’re referring to the CBO (Congressional Budget Office) scoring, which is 10-year scoring, and it’s DC-style scoring. So we think that we can both grow the economy and control the debt. What’s important, Bill, is that the economy grows faster than the debt. So what I would tell your viewers to focus on is what I’m focused on is: What Secretary Yellen was focused is, what is the total debt to GDP. Because we can grow our way out of this; that if we change the growth trajectory of the country, of the economy, then we will stabilize our finances and grow our way out of it.

“Growing out of debt” is also known, since Ronald Reagan, as “trickle-down economics” and it has never happened since the phrase was coined.