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 -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook , Bluesky , TikTok and Instagram at @UNFTRpod. Visit us online at unftr.com . Join our Discord at unftr.com/discord . Become a member at unftr.com/memberships . Buy yourself some Unf*cking Coffee at shop.unftr.com . Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations . Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility . Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media ( mannyfacesmedia.com ). Original music is by Tom McGovern ( tommcgovern.com ). The show is hosted by Max and distributed by 99. Support the show: https://www.unftr.com/memberships See omnystudio.com/listener for privacy information.
