{"id":4850,"date":"2026-08-24T14:37:04","date_gmt":"2026-08-24T14:37:04","guid":{"rendered":"https:\/\/hometransferguide.com\/?p=4850"},"modified":"2026-08-24T14:37:04","modified_gmt":"2026-08-24T14:37:04","slug":"trump-brushes-off-40000000000000-govt-debt-crisis-claims-us-economy-can-grow-its-way-out-of-spiraling-spending-problem","status":"publish","type":"post","link":"https:\/\/hometransferguide.com\/?p=4850","title":{"rendered":"Trump Brushes Off $40,000,000,000,000 Gov\u2019t Debt Crisis, Claims US Economy Can Grow Its Way Out Of Spiraling Spending Problem"},"content":{"rendered":"
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President Donald Trump on Saturday brushed off concerns about the debt crisis plaguing the United States \u2014 now surpassing $40 trillion \u2014 in favor of a Hail-Mary strategy of economic growth.<\/p>\n

Read more New York Liberty Displays Pro-Trans Messages On Scoreboard During Half-Time<\/a><\/p>\n

\u201cIt\u2019s been a problem for 35 years and what we have now that we\u2019ve never had before\u2026 is we have tremendous growth \u2014 and the way you take care of debt is with growth,\u201d Trump told reporters Saturday at Joint Base Andrews in Maryland. His response came after the monthly U.S. budget deficit reached $432 billion in July \u2014 the highest it has been since March 2021, to a report by the Department of the Treasury. (RELATED: It\u2019s Easier Than Ever To Trap Young People In Debt. What Is The White House Doing About It?)<\/strong><\/p>\n

The U.S. Department of the Treasury did not immediately respond to the Daily Caller News Foundation\u2019s (DCNF) request for comment.<\/p>\n

WATCH:<\/strong><\/p>\n

U.S. Secretary of the Treasury Scott Bessent signaled a similar strategy after his department reported the U.S. government\u2019s deficit reached over $40 trillion as of Tuesday.<\/p>\n

<\/p>\n

Bessent told CNBC in an interview Thursday that there is a \u201cvery good chance\u201d the deficit has reached its peak under Trump and that he may increase long-term bond buybacks to inject liquidity back into the market.<\/p>\n

\u201cThere\u2019s nothing magic about the 40-trillion number,\u201d Bessent said in part. \u201cWe can grow our way out of that.\u201d<\/p>\n

Read more \u2018You Don\u2019t Want To Say Anything Now?\u2019: Bubba Watson Calls Out Unruly Fan To His Face During LIV Golf Indianapolis<\/a><\/p>\n

Multiple powers on Wall Street, such as Bridgewater Capital founder Ray Dalio and Manulife Investment Management executive Nathan Thooft, however, appeared to shortly thereafter doubt the administration\u2019s solution.<\/p>\n

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\u201cThe Treasury can influence liquidity and sentiment, but it can\u2019t sustainably override growth, inflation, deficits, and supply,\u201d Thooft warned, Bloomberg reported Friday.<\/p>\n

Following a similar sentiment, many investors appear to have fled toward gold and Bitcoin as the DXY index \u2014 which is meant to measure the strength of the U.S. dollar \u2014 dropped 2.43% within one month as of Friday.<\/p>\n

\u201cPresident Trump pledged to clean up Joe Biden\u2019s fiscal mismanagement. That\u2019s why the Trump administration has been focused on slashing waste, fraud, and abuse in federal spending while accelerating economic growth to get America\u2019s debt-to-GDP ratio trending in the right direction again,\u201d White House spokesperson Kush Desai told the DCNF. \u201cAs the President\u2019s supply-side economic agenda continues to cool inflation and pave the road for interest rate cuts by the Fed, the markets and everyday Americans can count on more relief ahead.\u201d<\/p>\n

Editor\u2019s note: This report was updated to include a statement from the White House.<\/em><\/p>\n

Read more Trump Takes Lap In \u2018The Beast\u2019 At IndyCar\u2019s Freedom 250 Grand Prix<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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