President Donald Trump has truly flipped the script on the Democrat/media narrative that tariffs were going to hike inflation and kill the economy
Instead, inflation is under control and running lower than expectations, the stock market has hit record highs, and we have a surplus from the money coming in from tariffs.
We went from the economic mess that Joe Biden was to economic competence. Listen as Treasury Secretary Scott Bessent explains what they have been able to achieve in just a short six months. He said so far they've taken in nearly $100 billion, and he thinks they may take in $300 billion by the end of the year.
Bessent said that was a big number. Even though he has issues with the Congressional Budget Office (CBO), he notes that they said that it could result in $2.8 trillion in tariff revenue over ten years.
They even managed to take in a $27 billion surplus last month.
READ MORE: Big: Treasury Posts Unexpected Surplus for June, Thanks to Tariffs
Bessent said it wasn't only tariffs, but also that they brought down expenses. That's a big change as well.
Now, Trump is teasing something else that has people talking: the possibility of a rebate.
A reporter asked him a question about a rebate. Trump then revealed they were considering it. “We're thinking about that," he said, because they had so much money coming in. "But the big thing we want to do is pay down debt."
"Because we have so much money coming in from tariffs. A little rebate for people of a certain income level might be very nice."
Now, caution, I'm already seeing folks run off to the races on this. He said they're "thinking" about it; he is not promising or planning it at this point. And he's making it very clear that paying down the debt is the priority.
Now I like the thought behind it, if it applies to everyone who paid in, even if it's just a token rebate. But yes, the priority is the debt. He's showing he thinks the American people are shareholders — they're the ones paying to keep the government afloat. I like the fact that he recognizes that. Democrats seem to think we are only there to pay in so they can make government bigger to keep the bureaucratic state permanently afloat. I think it should be everyone who paid in gets the same amount, or maybe based on how much they paid in.
But the remarkable thing is being able to have the discussion, when under Biden, our discussions were how to deal with the rising prices. As I noted in an earlier story, the narrative against the Trump economy now seems to be failing.
READ MORE: New Polling Shows Great News for GOP, Bad News for Dems That Will Bring a Lot of Liberal Tears
That's how much they have already changed the landscape.
Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.
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