Scott Bessant is telling everyone not to worry as the USA will grow itself out of its US$40 trillion debt. People are laughing at his sick joke. Being supposedly a heralded hedge fund owner talking dick. No wonder he ran his own hedge fund outfit into the ground, losing all the US$5 billion. but he is still super rich. See the picture?
At 3% growth in USA GDP annually, that will take 44 years to clear the debt, not taking into account the spending spree of almost US$1.5 trillion budgeted and interest payments of US$1.25 trillion on its debts still to be added on. How much is going to be left, if any, of the 3% growth, tell me.
The interest payment of US$125 trillion currently on the US$40 trillion debt alone is more than the GDP growth of around US$900 billion a year based on 3%. I am no mathematician, but what kind of calculation is Scott Bessant using? He can con the rednecks and hillbillies, not the common beans elsewhere. Which is why Treasury sales are cratering.
Anonymous
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