Scott Bessent is wrong. The US can’t grow its way out of the deficit

During political campaigns, candidates often make promises that sound plausible but prove fanciful in practice. Take hedge fund executive-turned-Treasury Secretary Scott Bessent. Bessent soon promoted his “3-3-3” plan: reduce the federal deficit to 3% of GDP, lift sustained real GDP growth to 3%, and deregulate energy markets to expand domestic crude oil production by 3 […]

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