Bessent’s Growth Bet Meets CBO Reality: Why 3% Won’t Tame America’s Soaring Debt Load
The numbers don’t lie. The U.S. posted a $2 trillion deficit in fiscal 2026. Interest payments alone topped $1.1 trillion. Debt held by the public sits near 100% of GDP. And the Congressional Budget Office sees no relief ahead. Yet Treasury Secretary Scott Bessent keeps pointing to economic expansion as the answer. Grow at 3%.
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