Bessent’s statement is not just misleading—it’s a complete inversion of fiscal reality.
Treasury Secretary Bessent’s statement is not just misleading—it’s a complete inversion of fiscal reality. Claiming to have inherited a 6.7% deficit-to-GDP from the Biden administration as the “highest” during peacetime and non-recessionary conditions ignores both historical and economic context. The factual record shows that in fiscal year 2020, under Trump’s administration, the deficit exploded to…
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