Former White House communications director Anthony Scaramucci criticized President Donald Trump’s economic approach, arguing that rising federal spending and debt levels are pushing the U.S. toward inflation risks and potential financial instability.
Scaramucci Warns US Debt And Inequality
On Saturday, in a post on X, Scaramucci said Trump "has no economic philosophy" and pointed to surging federal spending across administrations.
He said Trump oversaw $8.2 trillion in spending during his first term and is on pace for $9 trillion to $10 trillion in the current term.
"We’re at 100% debt to GDP held by investors. 122% if you count the Fed’s balance sheet," he wrote, adding that such levels resemble conditions linked to sovereign debt stress.
