The Trump administration is making history by putting America’s economy back in the hands of the private sector, slashing wasteful government spending, and cutting the deficit that Biden’s reckless policies sent spiraling out of control. Treasury Secretary Scott Bessent made it clear in an exclusive interview with Breitbart News: this administration is laser-focused on reducing government bloat, unleashing free markets, and ensuring America’s prosperity is driven by private sector growth—not by endless federal handouts.
Bessent, a longtime investor and financial strategist, didn’t mince words when explaining why he joined Trump’s economic team. He saw firsthand the devastation caused by Biden’s big-government economic model, where spending ballooned to record levels outside of wartime or a recession. Under Biden, the economy wasn’t fueled by private enterprise, innovation, or real productivity—it was artificially propped up by bloated government programs, wasteful climate initiatives, and out-of-control foreign aid.
Now, Trump’s team is making a decisive course correction. Bessent laid out the strategy: cut government spending, lower interest rates naturally, and deregulate the banking system to empower small businesses and Main Street entrepreneurs. This means freeing community banks from crippling regulations, so that they can lend to local businesses instead of being strangled by federal red tape.
Critics on the left are already melting down, claiming that cutting government spending will trigger a recession. But Bessent isn’t buying their fearmongering. He pointed out that the American consumer is strong, businesses are increasing investments, and small and mid-sized manufacturers in the Midwest are seeing a surge in loan activity. The facts simply don’t support the left’s doom-and-gloom narrative.
Where was all this concern about the economy when Biden was blowing through trillions on failed policies? The left had no problem running up the deficit for pet projects, foreign entanglements, and green boondoggles, but now that Trump is actually fixing the mess they created, they’re suddenly worried?
The reality is simple: Trump’s America First economic plan is about restoring real, sustainable growth—not the illusion of prosperity created by government handouts and unsustainable spending. This is about unleashing the private sector, reducing the role of Washington in everyday life, and ensuring America’s future is built on innovation and free-market principles—not on government dependence.
The Trump economy is roaring back, and Washington’s days of reckless, socialist-style spending sprees are coming to an end. The left can cry all they want—but America is back on track.
