"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.
He also claims the number is temporary because of tariff refunds, and that they will reduce the debt with more tariffs.
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.