Donald Trump pledged to eliminate waste, fraud, and abuse from the federal government.
But the country’s economic problems run deeper than that.
And a Trump official revealed one bold plan that could change everything for Americans.
A solution to the debt crisis
America is currently $36 trillion in debt and growing.
That is a result of decades of reckless deficit spending, something in which both parties have participated.
Establishment politicians in both parties have become addicted to “free” money.
But carrying that much debt is a serious problem.
If the dollar gets devalued too much, other countries will stop using it as the world reserve currency, and America will no longer be able to run up crazy deficits and put it on a “credit card.”
However, Secretary of the Interior Doug Burgum floated a plan that could alleviate the country’s debt problem.
Burgum said at a public event, “You’ve heard more than once or twice or 10 times that we have 36 and a half trillion dollars of debt. I mean, it’s in advertisements. We hear it. . .and and I would invite anybody here from the media side [to] do what I did when I was going through my Senate hearings. . .I said, you know, ‘What’s our debt?’ 36 and a half trillion. ‘What are our assets?’ I mean, I challenge anybody to go try to find a current balance sheet for the United States of America. . .And if you come up with one, it might be some financial assets.”
Burgum made the point that America has a lot of tangible assets, not just electronic assets on a balance sheet.
He explained, “I can tell you, as the head of Interior, where just in Interior, we’ve got 500 million acres of surface. Brook Rollins has another 200 million in the U.S. Forest Service, in U.S. grasslands. So 700 million acres of surface, there’s 700 million acres of subsurface that we have the mineral rights, critical minerals, oil and gas, you know, metallurgical and thermal coal resources.”
Abundant assets
“Green” activists have long blocked the use of the country’s natural resources.
Burgum added, “And there’s 2.5 billion acres of offshore, many of which have not been even explored. All of which represent huge, huge assets for us. So if you take our forests, our lands, our grasslands, our lands that are near urban areas, our mineral resources or offshore resources, I think the number is… Double, triple, what our national debt is. It could be a 100 trillion.”
Burgum, who has an MBA from Stanford, said that that optimism alone could help markets.
He declared, “You know that announcement might lower the 10-year rate on interest rates because people [would] say ‘Wow, these guys got it covered and they have a plan on how they’re going to be able to pay down this debt and they’re actually in really good shape.’”
.@SecretaryBurgum explains how America’s assets could be worth triple our national debt: “There’s 700 million acres of subsurface that we have the mineral rights, critical minerals, oil and gas… And there’s 2.5 billion acres of offshore many of which have not even been… pic.twitter.com/59XONtb8Bw
— Rapid Response 47 (@RapidResponse47) March 19, 2025
That is not to say that the entire country should be strip-mined, but there are resources that can be explored without severely disrupting the homeland.
Ultimately, the debt is a spending problem.
Politicians must stop passing giant omnibus bills loaded with reckless spending.
But exploring natural resources can also help ease inflation because the gain in extracted resources would offset the need for excessive money-printing.
Stay tuned to Unmuzzled News for any updates to this ongoing story.
