
We’ve inherited a 6.7% deficit-to-GDP, the highest outside war or recession. Our focus is to grow the economy faster than the debt, that’s how we will stabilize debt-to-GDP. We are going to grow the GDP faster than the debt growth and that will stabilize the debt-to-GDP, which … is the most important number. -Treasury Secretary Bessent, NBC, 5/18/25 Some people will think the 2¾ nonmarketable bond is a trick issue. We want to meet that
I think one way of interpreting the events of the last five years with Ukraine, 10 years with Ukraine, 15 years, 20 years back to the Iraq war, 25 years to the start of the Euro, has been Anglo-American and Atlanticist interests trying to stop a change to the system. I don’t fully agree with that view, but there’s a lot of it that I do. And so if some portion of the last 25
We have still had very substantial inflation in the United States, but it’s never been runaway…yet. And that’s not something we want to try and experiment with, because it feeds on itself. I wouldn’t want the job of trying to correct what’s going on in revenue and expenditures of the United States — with roughly a 7% gap, when probably a 3% gap is sustainable. And the further away you get from that, the more