The Big Tariff Lie: Why Washington Can’t Pay Down the Debt
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I really do believe, I mean, I’ve seen it before. I don’t know if it’s still the case with some of these people that are involved in government. There’s a do not question list or a list of questions you’re not supposed to ask this government official. Now one may say, well, why would any reporter or news agency channel, whatever it may be, why would they ever agree to anything like that? Well, they need to fill time. They need to fill time and they like to have star guests.
Case in point, Scott Bessett, Treasury Secretary of the United States, makes quite a few appearances here, there, and everywhere in one of the spots he appears on often is CNBC. So there I was working out at the gym and listening to Scott Bessett being interviewed by Becky Quick and Joe Kernan on CNBC. And Bessett came out with this line, tariffs.
will help us pay down the debt. Tariffs will help us pay down the debt. Again, it was another story talking about the CBO saying that tariffs are fueling inflation, but the same CBO said, well, you know what? It will help to keep the deficit down. The D word, words.
Most people don’t know the difference between a deficit and our debt. Deficits are running as far as the eye could see. Since Liberation Day, since Liberation Day when Trump basically put forward his tariff policy, we’ve added $2 trillion to the national debt. $2 trillion.
since liberation day. Get your arms around that. People, is what we’ve gotten to the point where, quite frankly, it’s mission impossible. The tariffs are not going to pay down the debt. How can we pay down any debt when we can’t balance a budget and we run deficits any month and these deficits are going on as far as the eye could see?
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How is it possible, Scott, that we’re going to pay down any debt at all? Again, we get ourselves into these tit for tats, but it’s both sides are the issue. If it was, you know, Scott Vestens, the Treasury Secretary, or Donald Trump, Republican, and I use air quotes with that, you flip it.
You flip it, it’s Kamala Harris. She’s got a treasury secretary. She could do the same damn thing. Watchdogonwallstreet.com.
