.. and he, like the rest, have misdiagnosed the underlying issue and thus shall pay for it. Dearly.Treasury Secretary Scott Bessent last Thursday said the U.S. can “grow” its way out of the $40 trillion national debt, a statement that is clearly wrong. If President Trump or Secretary Bessent were rational leaders, they would be demanding that the national Congress cut spending and raise revenue. This statement is true but again it misdiagnoses the issue.If you look down a bit in that linked article you'll find a chart. Notice when the coupon inflected upward. It was the exact same time that yields switched from a generally-declining.......(Click link to read more)