Really really good @theallinpod with @SecScottBessent. Couple highlights I took away below:
- I'm [Bessent] a deficit hawk. But can't do it all at once. Every $300b we cut is 1% of GDP. we're trying to land the plane well
- By 2028 get back to long term average - 3 / 3.5% deficit to GDP
- Long term average is 18% gov spending to GDP. Biden took it to 25%. Singapore is 18%. Singapore - they like small government, don't like illegal immigration, like personal safety just like Trump administration
- Plan 1: 1)De-lever the government by cutting spending, shedding excess government labor. 2) de -regulate the financial sector. 3) Private sector can re-lever. Shed government jobs picked up by private sector. When private sector re-levers, can stimulate growth
- Plan 2: Re-order the international trading system. Bring jobs back to the US and re-invigorate the middle class. Use Tariffs where needed. But tariffs are just one arrow.
- 3 other things to bring manufacturing back. 1) Low and predictable taxes. 2) Substantially lower regulation / make it more predictable. 3) Make energy cheaper.
- Fixing affordability. Getting prices down is just one component. Really it's getting real wages up.
- Tax cuts - Yes, they reduce revenue. BUT - They will grow GDP. Trendline as been 1.8%. If you can get that over 3%, keep expenses flat, then it works. And we're really just renewing the tax regime, not changing it. Doing nothing means tax regime reverts, we want to keep it
- Deregulation - an important lever. Regulation is a "financial corset." Cutting regulation = driving investment dollars. Main street is served by regional / community banks. And they have been stifled by regulation. We'll re-examine banking regulation, particularly as it relates to smaller banks. Unlock capital for Main Street
- We're not just focused on "lowering rates." We want cheap energy. We want government spending down. We want lower regulation. When all of this happens, rates will come down
Pro business / pro growth ✅✅
The most important video on X today!
RFK Jr: “In this country, food ingredients are innocent till proven guilty.”
“In Europe and other countries they have to prove themselves safe before you add them, and we ought to have that kind of protection for American citizens.”
Official abstract of the study:
Examining gender-specific mental health risks after gender-affirming surgery: a national database study https://t.co/zTTrVmcRaW
🚨 BREAKING: DEMOCRAT PA COMMISSIONERS JUST VOTED TO COUNT ILLEGAL BALLOTS!
They PROUDLY violated the PA Supreme Court's decision, saying:
"Precedent by a court doesn't matter... People violate laws anytime they want."
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@AcrossCavs The WORST logo in all of professional sports. The name is meh. Should have gone back to the Spiders if anything. I love the team but this is seriously first year high school graphic design work.
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