Treasury Secretary Talks Hopes, Dreams, Deficits, MAGA Talking Points😴💤🦄

America is about to be great again, or at least that’s what Treasury Secretary Scott Bessent would like us all to think.

What we do know for certain, is America is about to be stimulated again!

But don’t worry about the deficit, because the $3 trillion in debt the Big Beautiful Bill will soon add to the $37 trillion that’s already on the books wouldn’t be nearly as bad had Biden not made it rain during his four years in office.

Sorry.

The way I see it, blaming Biden for the expenditures in the BBB is about the equivalent of me bouncing a check on a joint-checking account, then blaming my wife for a pedicure she might have enjoyed for her birthday last quarter.

Regardless, the money is gone, and America’s bank account is blinking red with the near certainty of WWIII just around the corner, according to many U.S. and international military experts.

So….

Should investors party like it’s 1999 on the words and promises of Secretary Bessent, or should now be a time for a wee bit more caution?

If investors don’t already know the answer, perhaps they should consider a question posed by former Treasury Secretary Larry Summers on Sunday:

“How long can the world’s greatest debtor remain the world’s greatest superpower?”