Treasury Secretary Scott Bessent late Sunday fired again at Larry Summers for the previous Treasury secretary’s criticism of President Trump’s large tax and spending laws.
In a thread on social platform X, Bessent demanded an apology from Summers for evaluating the deaths that some estimates predict will outcome from the well being care cuts within the invoice to the fatalities that have been reported after the catastrophic flooding in central Texas.
“Today, former Treasury Secretary @LHSummers showed why he was forced to step down as president of @Harvard: a lack of humanity and judgment,” Bessent wrote in a put up on the social platform.
He condemned Summers’s “shockingly callous interview” on ABC Information’s “This Week” Sunday, throughout which Summers cited the Yale Finances Lab estimate saying the invoice “will kill, over 10 years, 100,000 people.”
“That is 2,000 days of death like we’ve seen in Texas this weekend,” Summers added within the interview. “In my 70 years, I’ve never been as embarrassed for my country on July Fourth.”
Trump signed his agenda-setting laws into legislation on July 4, the identical day Texas skilled catastrophic flooding that has killed virtually 90 individuals — a dying toll that specialists say is anticipated to rise.
Bessent condemned the remarks and known as for an apology.
“Using the horrifying situation in Texas for cheap political gain is unfathomable,” Bessent added in his thread. “He has turned a human tragedy into a political cudgel. Such remarks are feckless and deeply offensive.”
“Professor Summers should immediately issue a public apology for his toxic language,” Bessent stated, urging establishments affiliated with Summers to “join me in this call.”
“If he is unwilling or unable to acknowledge the cruelty of his remarks, they should consider Harvard’s example and make his unacceptable rhetoric grounds for dismissal,” Bessent added.
The Hill has reached out to Summers for remark.
Bessent’s remarks come after Summers, within the interview, railed towards the president’s legacy-defining laws.
“There is no economist anywhere, without a strong political agenda, who is saying that this bill is a positive for the economy. And the overwhelming view is that it is probably going to make the economy worse,” Summers stated within the interview Sunday.
“Think about it this way,” he continued. “How long can the world’s greatest debtor remain the world’s greatest power? And this is piling more debt onto the economy than any piece of tax legislation in dollar terms that we have ever had.”
