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President Trump pointed out on his Truth Social account today that America will grow its way out of its debt problem.
For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before, wrote POTUS.
That point is debatable of course; special interest spending is simply out of control.
At CDM, we have discussed how President Trump, and Secretary of the Treasury Scott Bessent, see growth as the solution to paying off the debt.
Our financial contributor Tom Teague has made this point many times. Essentially, Teague suggests that the 'MAGA' movement has such a small majority in the House that we must not cut too much so we can maintain control of the American legislature, and therefore, growth is the answer.
He talks about this issue around the 13 minute mark below.
High economic growth = high revenue = debt service, is the theory.
We will see if it works.
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