The U.S. is running out of options to service the national debt. Secretary Bessent announced that we will now use revenue from tariffs to pay down budget deficits, rather than reinvest them into the economy. Some are treating this as welcome news. At the same time, the GOP has formed a working group to draft up a “sequel” to the Big Beautiful Bill to deepen cuts to Medicaid and federal student aid. They’ll do anything other than raise taxes on those that can afford them. But tariffs and more cuts to vital programs will only hasten economic decline, so team Trump is running out of options to stop the bleeding. And that means only one thing: Printing more money. But that’s more complicated than it seems and will lead to disastrous results. It does explain, however, why Trump is so desperate to take over the Federal Reserve.

Chapters

Intro: 00:00:57

Post Show Musings: 00:32:55

Outro: 00:47:04

Resources

UNFTR.com

Sign the Petition To Stop the Senate From Passing These Bills

Politico: House Republicans want another megabill. One GOP senator says it could be ‘damaging.’

X: Republican Study Committee

Republican Study Committee: One Big Beautiful Sequel: RSC Chairman Launches Working Group for Second Reconciliation Bill

Brookings: What is the repo market, and why does it matter? 

St. Louis Fed: What Is Yield Curve Control?

Treasury: Treasury Announces Marketable Borrowing Estimates

UNFTR Quickies

UNFTR Discord

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