THE AUDACITY: GOP Treasury Chief Hand-Waves $40 Trillion Debt After Starving Public Programs
The Fortune (Race & Business) reports:
Remember when fiscal conservatives claimed the country would collapse if we funded student loan relief, SNAP benefits, or urban infrastructure? Now that billionaire tax cuts pushed national debt to $40 trillion, Treasury Secretary Scott Bessent wants us to pretend arithmetic is just a subjective vibe.
Scott Bessent on the national debt: ‘There’s nothing magic about the $40 trillion number… We can grow our way out of that,’ the Treasury Secretary told CNBC on Thursday.
Austerity is only ever enforced on Black and working-class families, while corporate tax-dodgers get an endless tab.
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