JD Vance Touts Scott Bessent’s ‘Very Discreet Plan’ To Attack National Debt

Vice President Vance said Thursday night that Treasury Secretary Scott Bessent has a “very discreet plan” to shrink the nation’s debt.

“He [Bessent] has had a very discreet plan, of course, supported by the president of the United States, to get the United States to a point where our economy is growing faster than our debt,” Vance said on Newsmax’s “Carl Higbie Frontline.”

“And if you look, we are on track. So, even though the debt is too high, even though we inherited this debt bomb from the Biden administration, we actually do have a plan to get the economy growing faster than the debt and that’s the most important thing,” the vice president added.

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"Even though we inherited this debt bomb from the Biden administration, we actually do have a plan to get the economy growing faster than the debt."@VP JD Vance on how President Trump inherited a mess from the Biden Administration, and how he's working to fix it. pic.twitter.com/Y4manoUPTU

— The White House (@WhiteHouse) August 21, 2026

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If anyone can figure it out, it’s Bessent

— bagons (@Bagons1776) August 21, 2026

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Bessent will do it, he’s brilliant!

— E M (@EEm018837837529) August 21, 2026

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Treasury Secretary Scott Bessent wants Americans not to freak out about the national debt crossing the $40 trillion milestone — essentially doubled since President Trump first took office ten years ago — or the Treasury doubling the maximum size of its longer-dated debt buyback operations, as the 30-year Treasury yield hit a 19-year high.

He says traders should pay attention to the increased intervention in the Treasury bond market, suggesting he has information about future policies that the market has not yet priced in, causing people to overstate the level of risk in U.S. Treasury bonds. “People have bad information. I have asymmetric information.”

“We’re trying to signal that we think that this is a thinly traded area of the market,” Bessent told CNBC on Thursday. “We are going to make a market in these. We routinely do buybacks, and we’re going to increase the size of the buyback. And I would note that it could be more than $4 billion per issue.”

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