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.Treasury Secretary Scott Bessent: "With the Section 301 tariffs, I am confident that we will be back to the same level — if not higher — of tariff income [as] last year, and that is most of the increase in the deficit... Remember, we did not get here in... show more

Rapid Response 47

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131,674 次观看 • 2 天前 •via X (Twitter)

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Reporter: “The $40T mark that we passed for the national debt. Would you comment on that and how do we reverse that?” Treasury Secretary Scott Bessent: “The $40T is a big number. It’s smaller when we look at the publicly traded amount… We’re going to have to grow our way out of this… Director Russ Vought and I have been tasked with looking at fiscal consolidation… We’ve had to do a substantial tariff refund because of the court’s ruling, but with the section 301 tariffs, I am confident that we will be back to—the same level if not higher— of tariff income for last year, and that is most of the increase in the deficit.”

Reporter: “The $40T mark that we passed for the national debt. Would you comment on that and how do we reverse that?” Treasury Secretary Scott Bessent: “The $40T is a big number. It’s smaller when we look at the publicly traded amount… We’re going to have to grow our way out of this… Director Russ Vought and I have been tasked with looking at fiscal consolidation… We’ve had to do a substantial tariff refund because of the court’s ruling, but with the section 301 tariffs, I am confident that we will be back to—the same level if not higher— of tariff income for last year, and that is most of the increase in the deficit.”

RedWave Press

91,077 次观看 • 2 天前

"I've been saying $300 billion, but I think it could be much higher," says Treasury Secretary Scott Bessent on tariffs. "Every $300 billion is 1% of GDP. We got left with a mess in terms of the deficit-to-GDP... Just with the tariff income, we're going to be in the 5s — which is incredible."

"I've been saying $300 billion, but I think it could be much higher," says Treasury Secretary Scott Bessent on tariffs. "Every $300 billion is 1% of GDP. We got left with a mess in terms of the deficit-to-GDP... Just with the tariff income, we're going to be in the 5s — which is incredible."

Rapid Response 47

275,014 次观看 • 11 个月前

BREAKING: U.S. Treasury Secretary Scott Bessent tries to gaslight Americans into believing that we won’t see a recession, that the GDP fall was inherited from Biden and that it might not even be real. “Remember this, some of this is the economy we inherited from the Biden economy.” Remember this video when we fall into a recession and Americans are struggling. This fall in GDP is certainly attributed to Trump's tariffs and threats of tariffs.

BREAKING: U.S. Treasury Secretary Scott Bessent tries to gaslight Americans into believing that we won’t see a recession, that the GDP fall was inherited from Biden and that it might not even be real. “Remember this, some of this is the economy we inherited from the Biden economy.” Remember this video when we fall into a recession and Americans are struggling. This fall in GDP is certainly attributed to Trump's tariffs and threats of tariffs.

Ed Krassenstein

120,941 次观看 • 1 年前

🚨 JUST IN: Treasury Sec. Scott Bessent INFURIATES MSNBC panel after expertly explaining how tariffs have actually helped Americans "Tariffs help consumers because [we] have brought down the budget deficit. MIT came out with a study that said that 42% of the great inflation was caused by the big deficit spending." "So as you bring down deficit spending, inflation will come down. Right now, we've taken substantial tariff income over time that will rebalance as the factories move to the U.S. and that will become the corporate income or wage income - and by bringing down the budget deficit, we are bringing down inflation!" Scott is setting the record straight!

🚨 JUST IN: Treasury Sec. Scott Bessent INFURIATES MSNBC panel after expertly explaining how tariffs have actually helped Americans "Tariffs help consumers because [we] have brought down the budget deficit. MIT came out with a study that said that 42% of the great inflation was caused by the big deficit spending." "So as you bring down deficit spending, inflation will come down. Right now, we've taken substantial tariff income over time that will rebalance as the factories move to the U.S. and that will become the corporate income or wage income - and by bringing down the budget deficit, we are bringing down inflation!" Scott is setting the record straight!

Eric Daugherty

477,289 次观看 • 9 个月前

.Treasury Secretary Scott Bessent: "We had the longest government shutdown in history... we're still going to finish the year probably 3.5% GDP growth, which is incredible — WITH a shrinking budget deficit. We have very good momentum coming into next year."

.Treasury Secretary Scott Bessent: "We had the longest government shutdown in history... we're still going to finish the year probably 3.5% GDP growth, which is incredible — WITH a shrinking budget deficit. We have very good momentum coming into next year."

Rapid Response 47

208,717 次观看 • 8 个月前

🔥DEMS BLEW IT — AND LEFT A MESS. “They had the presidency, the House, the Senate — and did squat. We inherited a deficit of action and a gigantic deficit of spending. Now their shutdown embarrasses America.” — Treasury Secretary Scott Bessent

🔥DEMS BLEW IT — AND LEFT A MESS. “They had the presidency, the House, the Senate — and did squat. We inherited a deficit of action and a gigantic deficit of spending. Now their shutdown embarrasses America.” — Treasury Secretary Scott Bessent

Laura Ingraham

101,498 次观看 • 9 个月前

Esposito: If we were to decrease the trade deficit which we're doing…. the trade deficit is coming down. Phillip: The trade deficit according to 2025, is virtually the same as it was in 2024. The trade deficit for goods is higher than it was before the tariffs. So I'm not seeing where Trump is economically winning here.

Esposito: If we were to decrease the trade deficit which we're doing…. the trade deficit is coming down. Phillip: The trade deficit according to 2025, is virtually the same as it was in 2024. The trade deficit for goods is higher than it was before the tariffs. So I'm not seeing where Trump is economically winning here.

Acyn

73,813 次观看 • 6 个月前

Then came one of the biggest financial updates of the meeting...from Treasury Secretary Scott Bessent. What he revealed was staggering. Bessent said that America is now pulling in RECORD tariff revenues...between $500 BILLION and $1 TRILLION a year...and the budget deficit is already down 26% from Biden’s last year in office. These are not small numbers. Bessent explained how Trump flipped the system on its head. The days of unbalanced international trade are over, and with that comes a massive influx of cash directly affecting America’s deficit. “On the international front you have a leveled the international trading system whereby countries took advantage of us and that’s over. It’s OVER.” “The Treasury Department is in is taking in record tariff revenues that I had been saying was running at a rate of 300 billion a year.” “You chastised me for saying that—number is too low. And as usual, you we’re right, that we had a substantial, jump from July to August, and I think we’re going to see a bigger jump from August to September.” “So I think we could be on our way, well, over half a trillion, maybe the, towards the trillion dollar number.” “This administration, your administration, has made a meaningful dent in the budget deficit.” Even the CBO, which often clashes with the Trump administration, had to concede: the deficit is projected to drop by $4 trillion over the next decade. “The average budget deficit during this term is 26% less than the last 12 months under Biden and even the CBO, and we don’t agree with CBO on everything as you said, last Friday—had to admit that they believe over the next ten years the budget deficit will be 4 trillion lower than they had previously scored.” And according to Bessent, that number could go even higher. “4 trillion: 3.3 trillion of tariff income, 700 billion of lower interest cost, and, you know, I would expect that that number could go up from here.”

Then came one of the biggest financial updates of the meeting...from Treasury Secretary Scott Bessent. What he revealed was staggering. Bessent said that America is now pulling in RECORD tariff revenues...between $500 BILLION and $1 TRILLION a year...and the budget deficit is already down 26% from Biden’s last year in office. These are not small numbers. Bessent explained how Trump flipped the system on its head. The days of unbalanced international trade are over, and with that comes a massive influx of cash directly affecting America’s deficit. “On the international front you have a leveled the international trading system whereby countries took advantage of us and that’s over. It’s OVER.” “The Treasury Department is in is taking in record tariff revenues that I had been saying was running at a rate of 300 billion a year.” “You chastised me for saying that—number is too low. And as usual, you we’re right, that we had a substantial, jump from July to August, and I think we’re going to see a bigger jump from August to September.” “So I think we could be on our way, well, over half a trillion, maybe the, towards the trillion dollar number.” “This administration, your administration, has made a meaningful dent in the budget deficit.” Even the CBO, which often clashes with the Trump administration, had to concede: the deficit is projected to drop by $4 trillion over the next decade. “The average budget deficit during this term is 26% less than the last 12 months under Biden and even the CBO, and we don’t agree with CBO on everything as you said, last Friday—had to admit that they believe over the next ten years the budget deficit will be 4 trillion lower than they had previously scored.” And according to Bessent, that number could go even higher. “4 trillion: 3.3 trillion of tariff income, 700 billion of lower interest cost, and, you know, I would expect that that number could go up from here.”

The Vigilant Fox 🦊

238,588 次观看 • 1 年前

"The $1.5T in spending that they're calling for — that's not on the table," says Treasury Secretary Scott Bessent on the Democrat Shutdown. "We inherited the worst budget deficit-to-GDP... We've managed to bring that down... We're not going to let them be irresponsible with the budget again."

"The $1.5T in spending that they're calling for — that's not on the table," says Treasury Secretary Scott Bessent on the Democrat Shutdown. "We inherited the worst budget deficit-to-GDP... We've managed to bring that down... We're not going to let them be irresponsible with the budget again."

Rapid Response 47

102,121 次观看 • 10 个月前

NEW: Elon Musk says he thinks he can reduce the deficit by $1 Trillion next year, says it will cause a cascading effect for Americans. “I think we can take a trillion dollars out of the out of the deficit next year.” “We have a $2 trillion deficit, which is a far in excess of economic growth. If we can get that deficit in half, from 2 trillion to 1 trillion, and we can get the economic growth to match that 1 trillion growth in the money supply, that means there will be no inflation.” “Interest rates will drop, credit card interest down, mortgage interest down, car payment interest down, and prices at the store stay the same.” “That is a great outcome for people and I think we can do it.”

NEW: Elon Musk says he thinks he can reduce the deficit by $1 Trillion next year, says it will cause a cascading effect for Americans. “I think we can take a trillion dollars out of the out of the deficit next year.” “We have a $2 trillion deficit, which is a far in excess of economic growth. If we can get that deficit in half, from 2 trillion to 1 trillion, and we can get the economic growth to match that 1 trillion growth in the money supply, that means there will be no inflation.” “Interest rates will drop, credit card interest down, mortgage interest down, car payment interest down, and prices at the store stay the same.” “That is a great outcome for people and I think we can do it.”

Collin Rugg

4,342,922 次观看 • 1 年前

The full implementation of President Donald J. Trump’s plan is well underway. We will extend tax reform, deregulate the economy, bring American jobs back, bring the deficit down, and get to that 3% deficit to GDP target that Treasury Secretary Scott Bessent has been talking about.

The full implementation of President Donald J. Trump’s plan is well underway. We will extend tax reform, deregulate the economy, bring American jobs back, bring the deficit down, and get to that 3% deficit to GDP target that Treasury Secretary Scott Bessent has been talking about.

Treasury Deputy Secretary

155,101 次观看 • 1 年前

🚨 BREAKING: Treasury Secretary Scott Bessent says: “I’m not sure where all these deficit hawks were when Team Biden was blowing out the deficit!” Funny, because Biden wasn’t president in 2020 when Trump added $3.1 trillion to the deficit in a single year. That was the largest one-year explosion in U.S. history… under GOP control.

🚨 BREAKING: Treasury Secretary Scott Bessent says: “I’m not sure where all these deficit hawks were when Team Biden was blowing out the deficit!” Funny, because Biden wasn’t president in 2020 when Trump added $3.1 trillion to the deficit in a single year. That was the largest one-year explosion in U.S. history… under GOP control.

Brian Allen

761,987 次观看 • 1 年前