| ▲ | CamelCaseName 3 hours 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. | ||||||||
| ▲ | fridder 3 hours ago | parent | next [-] | |||||||
We'll grow our way out whenever the mythical trickle down works | ||||||||
| ▲ | coldtea 3 hours ago | parent | prev | next [-] | |||||||
"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. | ||||||||
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| ▲ | mlnj 3 hours ago | parent | prev | next [-] | |||||||
Grow our way out of that means hitting the $50 trillion number. | ||||||||
| ▲ | ImPostingOnHN 3 hours ago | parent | prev | next [-] | |||||||
He's right, the number is temporary because of tariff refunds: as the refunds are issued, it will grow. | ||||||||
| ▲ | BLKNSLVR 2 hours ago | parent | prev | next [-] | |||||||
We will grow to $50T before you know it, and this headline will look silly. | ||||||||
| ▲ | FpUser 3 hours ago | parent | prev | next [-] | |||||||
Maybe there is no magic about the absolute number. How about magic of the debt servicing costs that are paid by Joes and Janes | ||||||||
| ▲ | GlibMonkeyDeath 3 hours ago | parent | prev [-] | |||||||
"grow" == "inflate" | ||||||||