Bessent Details Amazing Numbers on Economy, As Trump Floats Idea That Has People Talking
President Donald Trump has truly flipped the script on the Democrat/media narrative that tariffs were going to hike inflation and kill the economy
Instead, inflation is under control and running lower than expectations, the stock market has hit record highs, and we have a surplus from the money coming in from tariffs.
We went from the economic mess that Joe Biden was to economic competence. Listen as Treasury Secretary Scott Bessent explains what they have been able to achieve in just a short six months. He said so far they've taken in nearly $100 billion, and he thinks they may take in $300 billion by the end of the year.
Bessent said that was a big number. Even though he has issues with the Congressional Budget Office (CBO), he notes that they said that it could result in $2.8 trillion in tariff revenue over ten years.
They even managed to take in a $27 billion surplus last month.
READ MORE: Big: Treasury Posts Unexpected Surplus for June, Thanks to Tariffs
Bessent said it wasn't only tariffs, but also that they brought down expenses. That's a big change as well.
Posts
No comments:
Post a Comment