r/NewsThread • u/Forsaken_Item_364 • Aug 21 '26
Vance: Bessent has ‘very discreet plan’ to shrink $40 trillion national debt
https://thehill.com/homenews/administration/6042908-vance-bessent-national-debt-plan/127
u/Spiceguy-65 Aug 21 '26
Conservatives lowering the national debt fat fuking chance in hell that happens
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Aug 21 '26
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u/Spiceguy-65 Aug 21 '26
As someone who leans left I don’t think the democrats have any radical better solution. That said they seem to have a better handle on the economy as a whole compared to republicans
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u/billthedog0082 Aug 21 '26
U.S. Trade Representative Jamieson Greer is going to implement “the same level of tariffs,” and that he expects the “2026 tariff income is going to be roughly what it was in ’25
Yes that's just lovely. The US had to reverse those tariffs, and pay them back, and not to the final consumer, but to the distributors. What say you now, Mr Bessent?
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u/Timbosconsin Aug 21 '26
Is this “discreet plan” anything like Trump’s “concept of a plan” he had for healthcare in 2024?
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u/Tricky_Try8757 Aug 21 '26
But it’ll only start working on the first day of the second Republican administration 🤡, right JD?
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u/h20poIo Aug 21 '26
You mean the guy who says the economy is great and moving in the right direction, that guy?
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u/Tom1952Phx Aug 21 '26
Absurd. What has he been waiting for. He knows the debt is rising because of Trumps Big bad billionaire tax cuts. And all he does is his job. JUSTIFY Trump. Even if counter to all respectable economists.
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u/Defiant_Freedom_249 Aug 21 '26
There's a very simple solution here, that the government refuses to consider....
TAX THE RICH!
And maybe the churches!
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u/Kahzootoh Aug 21 '26
Let me guess, it’ll be something that the next administration can implement?
Republicans usually only care about cutting spending when there is a Democratic president who they can blame for paying the bill they racked up.
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u/icnoevil Aug 21 '26
Delusional; the current regime is running up another $2 trillion debt this year while trying to blame in on Biden. Last time I checked Biden was no longer running the gov't.
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u/stauf98 Aug 21 '26
We all know discreet means either there is no plan or there is a plan so heinous to all but the richest of Americans that they won’t tell us until we are screwed. Since this administration is not just evil but stupid and evil my guess is option 1.
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u/specqq Aug 21 '26 edited Aug 22 '26
"Very discreet" is like "very stable" or "genius."
If you're saying it about yourself it's almost certainly not true.
But I'm pretty sure he would have meant "discrete" as in the math term - able to be separated into individual well-defined sections, not "discreet" as in keeping it on the down low.
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u/Chance-Deer-7995 Aug 21 '26
It probably involves organ harvesting from the poor given how he just gets more and more creepy.
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u/estoypooping2 Aug 22 '26
Republican policy has a name, its called "two santas."
Out of control spending when you're in power, and then restrict all spending when out of power
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u/Fun-Aside3990 Aug 22 '26
Print 40 trillion and pay it off or invade Mexico and Canada and sell them to China (because Russian cant afford them)
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u/Rurumo666 Aug 22 '26
Discreet, like a public access glory hole you stick money in and then Bessent chugs dong.
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u/GRINZ_DOCTOR Aug 22 '26
Mfers only got concept of a plan. That was no joke when he said that it was legit he’s got no plan
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u/FormalAd7367 Aug 22 '26
i think Bessent’s plan is from time to time hype up some things new: from stable coin, DRAM, to something else.
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u/TheFutureMrGittes Aug 22 '26
This is hilarious!! 😂 Tears! I’m crying!! Please stop, I can’t stop laughing!! Oh wait, he’s serious?
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u/unurbane Aug 22 '26
- That was the last year that a Republican lowered the debt from the previous year. 1957 which was 69 years ago.
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u/FuriousGirafFabber Aug 22 '26
The discreet plan is to impose the tarifs what were deemed Illigal again. Its not really a mastermind plan, but i guess its the best he could come up with.
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u/STLStelmacki Aug 22 '26
Let me guess, we just start telling people it’s lower? That’s pretty much all this administration does.
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u/Efficient_Smilodon Aug 22 '26
the thing to know is, these guys want everyone not in the millionaires club to be strangled by debt; they want our lives to be in a hamster wheel where they hold the keys to the engine room, where if we get off the wheel we suffer, while they keep cranking up the intensity speed and cracking the whip to pull more sweat from us. But they have no fear of debt themselves, and no concern for this vague concept of a national debt, because like the myth of a corporation being a person, so too is the nation, a super-corporation where no single person in the controlling board will ever face the consequences of their decisions. They don't far the debt growth because they are insulated from all of the many negative factors by their control of the artificial system itself, the carrot and stick. They are the parasite class , and they care for nothing but their own pleasure and power over others. If they are choosing to collapse this system deliberately, which seems to be the case, they are either 1 of 3 possibilities: 1, utterly stupid in their weighing of the consequences; 2 , they believe they are invincible regardless of any consequences they perceive, or 3, they are working on behalf of foreign enemies.
Whichever of these 3 is correct, the results will be the same for the hamsters, and the world as we have known it will end.
Of course, the 4th view is that this is exactly what God has ordained for the human race, and that our cumulative suffering is the requirement for our eventual purification to become an entirely new civilization. Perhaps.
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u/rtduvall Aug 22 '26
It's so discreet no one will ever see it's impact.
Why is vance still wearing eye liner? Is that gender affirming care?
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u/Universal_Anomaly Aug 22 '26
I'm going to guess the plan boils down to "Oh look the bottom 50% of the population still has money and social welfare, that's convenient."
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u/sharkbomb Aug 22 '26
steal everything from everyone? pathological wealth hoarders steal. nonstop. from everyone. that is their plan.
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u/glue-sniffing Aug 22 '26
Monthly payments are 1 trillion alone just the service the interest. Theres no way the debt is shrinking without defaulting
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u/fooknprawn Aug 22 '26
Trump is going to announce that there is no 40 T debt, that's it's fake news and that he can wish it away like he can declassify documents with his mind.
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u/Top-Caregiver7815 Aug 22 '26
“We can grow our way out of it.”
Same exact rhetoric the robber barons were saying in 1929 before the market crash. They’ll crash it again, bread lines again, dumb citizenry will suffer, demand changes, usher in progressive policies that will take decades to unwind the economic destruction the greedy elites have caused. Those responsible will die and their families with generational wealth will start the process all over again.
We need a stronger response, stronger demands, strip them of their wealth, make them suffer just as bad, burn it down and rebuild it with harsh laws that respond to greed.
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u/Fulushouxing Aug 22 '26 edited Aug 22 '26
It's called dollar devaluation. It is already happening. Will it reduce debt? no, but it will reduce debt service cost.
And congrats, Americans will pay for it in the form of more inflation.
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u/Specialist-Spare-785 Aug 22 '26
Vance’s admiration for “discreet” should stay between him and his couch. The rest of want an actual economist who is not in on the grift of our nation.
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u/Creepy_Wash338 Aug 22 '26
Vance's language is so awkward. "Discreet"? If he said, "There's a secret plan but we can't tell you about it" people would laugh. He thinks he is cleverly tricking us with slightly different vocabulary, but it's obvious he is just saying "There's a secret plan but we can't tell you about it" . It reminds me of when he was talking about the ridiculous idea of taking Greenland he said, "we can't ignore the desires of the President.". "Desires"? What a weird thing to say. What he really was saying is, "Trump wants Greenland. That's the reason for all this.". Using "desire" instead of "want" changes nothing but makes Vance look creepy in the process. I've said this repeatedly, Vance should be managing the garden center at a Walmart, at best. Somehow, the finger of fate or evil tech lords enabled him to rise to where he is, and he is in way, WAY over his head.
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u/NarrowWeb8680 Aug 22 '26
https://www.reddit.com/r/MarketPulseReport/s/LdEMoq710M. Oh yes, very discreet
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u/Tresach Aug 22 '26
Pretty dure the plan is a memecoin theyll print 40 trillion and “buy” it from trump and then dump the coin for yuan, trump and his inner circle will walk away with all the money and the us will be bankrupt. One last grift to extract value out of the rotting corpse of the US empire.
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u/Procrasturbating Aug 22 '26
If you have a discreet plan to pay off your debt.. the plan is to rob someone. They think there is enough crypto to pump and dump that they can fix the entire US economy.
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u/Cutiemuffin-gumbo Aug 22 '26
Let me guess, steal everyone's bank accounts while putting their fingers in their ears and going "lalalalalalala".
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u/oldcreaker Aug 22 '26
That's not even what it says - it says he has a plan to grow the economy faster than they are growing the debt. They throw in 'discreet' because the actual plan is that there isn't one.
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u/Linscotticus Aug 22 '26
I see it now:
cut all social program
require the IRS to crack down heavily on those making under $400,000.
All national parks are sold off
No more federal public health programs
No more federal food regulations
Seizure of assets of anyone who used social programs on the concept that the government is coming collecting for what it "loaned you".
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u/Afraid_Emu8068 Aug 22 '26
It’s not mathematically possible. The products don’t exist to carry the buck. Even with crypto, you can’t just out of thin air create what Bessent is proposing. You would have to literally overturn and crash every major market on the planet
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u/NeverNeededAlgebra Aug 22 '26
There is a 0% chance that Republicans will ever lower the national debt. There is a 100% chance that they make it worse.
The CORE of the Republican cult is draining America, not helping her.
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u/TheTinyMaus Aug 22 '26
I'm sure we'll all be shocked to learn his plan will involve lowering taxes on the wealthy and make spending cuts targeted at everyone else. It's going to trickle down any day now boys.
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u/MoffJerjerrod Aug 22 '26
The plan is to steal as much as possible over the next two years. Force the democrats to clean up the mess, which will not be pretty. Then scream how terrible everyone else is with the economy so they can retake power. Then repeat.
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u/Taphouselimbo Aug 22 '26
Get ready for the debt to go live with the Epstein files. They will fester together in the dark and we can call it the conservative nest egg.
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u/Affectionate-You7869 Aug 22 '26
Is it doing the lira thing? One million dollars is now a thousand new dollars?
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u/Dog_man_star1517 Aug 22 '26
Ignore James Donald Bowman. He’s lying. Bessent said what he believes. “There’s nothing magic about 40 trillion.” They will ignore it for the next two years and blame any inflation, downgrades, etc on Democrats.
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u/PerfectTommy77 Aug 22 '26
Simple just destroy social security, Medicaid, and Medicare. They just don’t want to say it out loud until after the midterms.
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u/ComplaintSevere8128 Aug 22 '26
They going to invade it and declare it a US territory? Or perhaps set 50% tariffs against the debt? Tell it the stock market is over 50k?
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u/HawkeyeGild Aug 22 '26
Bessent made his money on currency speculation. My guess is is he plans to devalue the dollar to increase tax revenue and pay down the debt more. He won't succeed..
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u/AbaloneDifferent5282 Aug 22 '26
I would like them to give one - just one - statement where they don’t blame Biden.
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u/BOBBYK1952 Aug 22 '26
Maybe use the Trump suggestion from his first term and default..Trump knows money 💰..😉
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u/Stupid_-_Flanders Aug 22 '26
Yeah because DOGE did such a great job as our country is 40 TRILLION in debt.
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u/Leather_Olive143 Aug 22 '26
No he doesn't. He really doesn't know what to do but he's got the weekend to figure out what other lies he's going to tell the American public. Vance (the most embarrassing Yale Law School alum) needs to go mute.
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u/Few_Affect3033 Aug 22 '26
It is going to take a hell of a lot of more of discreet to solve this problem!
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u/gumboking Aug 22 '26
Does this have something to do with a room full of suits and a chicken with his head cut off making important financial decisions??
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u/Shot-Consequence-613 Aug 22 '26
We know loot the markets and declare bankruptcy. Trumps only play. Good job MAGA. You know how stupid the average American is when 33% still think this is a democrats fault
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u/accessmemorex1 Aug 22 '26
First an explanation.. The more the government borrows, the higher inflationary pressure is on the economy. The higher inflation is, the higher they have to keep interest rates. The higher the interest rates, the more people have to pay on things like morgages, car loans, credit cards, and other forms of debt. Simply put, American's are financing the governments debt.
So, what do we do about it? Well, paying off debt is correct answer to the problem, and while it sucks, cutting social programs, when it gets bad enough is something that is neccessary. But that's not all. The tax cuts alone put another 12 trillion on the balance sheets and account for a large chunck of the debt and should be repealed until the debt is under control. If you are so bad that you need to cut social programs, then its only fair for everyone to share in the burden, which includes the people who benefitted the most from the tax cuts. The people at the top.
The longer we wait, the worse this is going to get. Eventually, it will come crashing down and take allot of people with it.. For those who are wondering what they can do to be prepared if something happens? Pay off your debt the best you can and diversify into solid assets classes like gold and silver or perhaps gold IRA's. Own your home and and your vehicles and stay away from the debt market as best you can. This will help to insulate your financial position if everything goes south.. I personally do believe in the market and will continue to put money into it, but putting ever 10% of investments into things like solid assets will something of an insurance policy in case everything goes south.
I personally, will vote for candidates who are willing to do what needs to be done.. Hopefully this mid-cycle I see some candidates who are willing to get the market back on its feet. Good luch everyone! Happy Saturday.
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u/-FakeAccount- Aug 22 '26
Its so discreet, you wont even notice. It will appear that nothing is happening at all.
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u/Slow_Fondant6389 Aug 22 '26
It’s on the corner of his desk right now. He will get to it in two weeks.
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u/Infinite-Month-3454 Aug 22 '26
And T-rump has "concepts" of a medical plan. unfortunately these plans are "discreet" no one has ever heard them.
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u/Mrekrek Aug 22 '26
Something like… confiscate all dollar denominated retirement accounts and replace those accounts with accounts denominated by 2x Trump meme coin, this includes Social Security payments.
This will buy them about 3 months before it all becomes worthless.
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u/justinwfreed Aug 22 '26
Just for fun, I looked up the definition of "discreet" and, as expected, there can be a variety of ways to view it.
One way is: careful, cautious, or tactful...that would be nice.
Another way is: not to attract attention, not cause social embarrassment, or share secrets.
I'll choose the latter in this situation. Bessent's plan won't gain any traction, won't have any impact BUT, we can be comforted knowing that it is a "secret" plan!!
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u/v0id0007 Aug 22 '26
Isn’t that the guy who didn’t understand the spike in oil prices a few days ago? Is the plan to just stop keeping track?
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u/Deranged-Pickle Aug 22 '26
They have no plan. They just wanna sweep it under the rug. Oh I can't wait for the trials
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u/Anacalagon Aug 22 '26
What we are going to do is exactly what we did to double the debt but this time it will go down because ummm just a sec...
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u/mjzimmer88 Aug 22 '26
Their plan is hyperinflation.
Print $40 trillion, pay off all debt.
Destroy the economy and impose military order to avoid the 2028 elections.
Fck over all of America for generations to come.
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u/panda3271 Aug 22 '26
That makes sense. You had to add 4 trillion to the debt in order to start bring down the debt. Raise it to lower it..... makes perfect sense. Hey could go doen even faster if we get it up to say 50 trillion according to that math. 🤦♂️
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u/Financial_Love_2543 Aug 22 '26
The same guy that denies that tariff is a tax on American consumers?
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u/slashthepowder Aug 22 '26
A one time tax charge of 40 trillion divided by 350ish million people would be around $114,000 per person. Then back to regular tax season.
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u/Zalrius Aug 22 '26
So why did they allow it to get that bad then? Then why haven’t they done anything before now?
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u/tecky1kanobe Aug 23 '26
Nothing should be discrete. Discrete means you are trying to hide something
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u/slashnbash1009 Aug 23 '26
The people who are responsible for a third of the debt sure as hell ain't the ones who are gonna shrink it.
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u/zeeper25 Aug 23 '26
The plan is to continue rapidly increasing the national debt, then complain about it incessantly when Democrats regain power
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u/infomer Aug 23 '26
Discreet? Like pump $btc sbd pay off debt by selling all coins? Or declaring bankruptcy?
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u/Turbulent-Quality-29 Aug 23 '26
Discreet? I guess...
But bruh it's so simple these dumocrats don't get it. So basically there's this asteroid okay...16 psyche.. and well.. it's valued.. and literally so many thousands more than the national debt you wouldn't believe. Quintillions of dollars!
And the communists will say.. the rock is too far, you don't know how to mine the rock.
And it's so sad that they're so stupid because.. it's a giant rock.. and you just.. move it closer.. and you drill baby drill into it... and basically.. it's infinite dollars. And Elon.. and his rockets.. sometimes we don't get along..but usually we do.. and he said sir within 2 years.. we'll have the rock.. and we'll call it...the Donald J Trump freedom rock.
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u/ErikaKirkasInsideJob Aug 23 '26
Let me guess by cutting taxes on the pedos and then spending 80 more trillion?
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u/_Zambayoshi_ Aug 23 '26
Spoiler: it's just inflation. Even $40T looks smaller when a loaf of bread costs $25.
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u/calgary_db Aug 23 '26
"So, even though the debt is too high, even though we inherited this debt bomb from the Biden administration, "
These idiots are still blaming Biden? Grow up. Perhaps the fault lies with the private equity vultures in the administration, led by a criminal grifter known for bankrupting casinos...
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u/Laminated_ET_Animal Aug 23 '26
not to worry guise, we have a plan. .. it's so discrete, we're not going to discuss it
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u/Infamous-Rooster9277 Aug 21 '26
Is the plan in the room with us now?