Trump plans to grow his way out of $40 trillion debt crisis—it’s a ‘fantastic story’ but virtually impossible, says top budget economist
"If you tell the debt markets: 'Hey, we think we're gonna be able to grow our way out of this,' and then a year later they're not seeing any improvements from that, then it's a credibility issue."
"If you tell the debt markets: 'Hey, we think we're gonna be able to grow our way out of this,' and then a year later they're not seeing any improvements from that, then it's a credibility issue."
BELLINGS Intelligence Score: 30
Why it matters
The commentary on Trump's plan to grow out of a $40 trillion debt crisis is a significant political and economic opinion but lacks immediate market-moving impact or new policy action, making it notable but not transformative for credit markets.
Sources
Fortune
Trump plans to grow his way out of $40 trillion debt crisis—it’s a ‘fantastic story’ but virtually impossible, says top budget economist
"If you tell the debt markets: 'Hey, we think we're gonna be able to grow our way out of this,' and then a year later they're not seeing any improvements from that, then it's a credibility issue."
Yahoo Finance
Trump plans to grow his way out of $40 trillion debt crisis—it’s a ‘fantastic story’ but virtually impossible, says top budget economist