Treasury Secretary Says GDP Growth Faster Than Debt Growth

Overseas media reported last night (May 18th evening) that "US Treasury Secretary Bessent said 'We will make the growth rate of GDP faster than the growth rate of debt, which will stabilize the ratio of debt to GDP.'"

[Smart Comment]: Bessent's speech seems inaccurate. The growth rate of GDP should correspond to the overall debt, but what the Treasury Secretary should focus on is actually the ratio between the increase in public debt and taxation. After all, taxation is the fundamental source for repaying public debt. As the Treasury Secretary, such a statement from Bessent is indeed perplexing.

Original article: https://www.toutiao.com/article/1832497366412483/

Disclaimer: This article only represents the author's personal opinion.