Discussion on National Debt and Economic Plans

National debt, sir-

Exactly

... just cleared $40 trillion. I knocked Congress last night on this

show about it. Um, you know, Bank of America's issuing a warning to

bond

holders. And I'm looking at this as like, look, yourself, you're a

VC guy, President Trump, lifelong business guy, um,

is there anything on the horizon to look at this?

Potentially Trump was, uh, President Trump was talking about a,

a crypto reserve

with Bitcoin and XRP and a few other things.

Is there anything on the horizon to start offsetting this?

So there, there are a couple things the president

has talked about to try to

address this problem. First of all, he, he's talked about a sovereign wealth fund

because as, as you know, actually the stock market,

the equity market

has performed a lot better than the bond market.

There's a weird way where American taxpayers are getting

fleeced because of the very high debt charges.

By the way, very high debt charges that started under the Biden

administration.

This is a crisis that we inherited and I, and I think has gotten better.

I'm not saying that everything is fixed, but it has certainly gotten better.

Sure.

The other thing is that Scott Bessent, the amazing treasury secretary,

he has had a very discreet plan, of course,

supported by the president of the

United States, to get the United States to a point

where our economy is growing faster than our debt.

Mm-hmm.

And if you look, we are on track. So even though the debt is too high,

even though we inherited this debt bomb from the Biden administration, we actually

do have a plan to get the economy growing faster than the debt-

Yeah

... and that's the most important thing.

I- the, the issue that we've had under the Biden

administration and what we're

still kind of dealing with is that the debt was growing faster

than American GDP.

Mm-hmm.

That's the problem. That's something that we're certainly fixing every single

day

in the Trump administration. But, but, you know, even though the media doesn't

cover this, I'm glad you're asking this question

because Scott Bessent is very

much on top of it. He knows it's a problem-

Yeah

... and he's got the president's empowerment

to do something about it.

Well, I mean, we've seen just, I, I think it's almost 19 trillion of foreign

investments over the next 10 years come in under this president.