Trump Plans to Grow His Way Out of $40 Trillion Debt Crisis—It’s a ‘Fantastic Story’ but Virtually Impossible, Says Top Budget Economist

Trump’s new 'fantastic story' is 'virtually impossible': top economist

Last week, the U.S. reached an alarming new milestone when the national debt surpassed $40 trillion. In the days that followed, the Trump administration voiced a solution that a leading budget economist has declared a “fantastic story” that is “virtually impossible.” “It’s been a problem for 35 years,” Trump told reporters Friday when asked about the debt. “And what we have now … is we have tremendous growth. And the way you take care of debt is…

Trump now plans to grow his way out of $40 trillion debt crisis—it's a 'fantastic story' but virtually impossible, says top budget economist

"If you tell the debt markets: 'Hey, we think we're gonna be able to grow our way out of this,' and then a year later they're not seeing any improvements from that, then it's a credibility issue."

GOP Rep. Schweikert: We Can't Rely on Growing Our Way Out of Debt

On Monday’s broadcast of the Fox Business Network’s “Mornings with Maria,” Rep. David Schweikert (R-AZ) responded to arguments from the Trump administration that we can grow our way out of debt by saying that relying on growth isn’t feasible and The post GOP Rep. Schweikert: We Can’t Rely on Growing Our Way Out of Debt appeared first on Breitbart.

Trump plans to grow his way out of $40 trillion debt crisis—it’s a ‘fantastic story’ but virtually impossible, says top budget economist

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Can We Really ‘Grow Our Way Out Of’ $40 Trillion in National Debt? Why One Economist Says ‘The US Has No Chance.’

Bessent’s bond market intervention is a critical failure, and expectations are similarly low for his plan to outgrow $40T in debt.