# Anthony Scaramucci warns $39 trillion US debt unsustainable as

**Published:** 2026-08-12T05:14:52.941Z  
**Topic:** Inflation  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/4dd9de49-ca01-4f7a-9a6b-7a0884346140

Scaramucci says US debt hit $39 trillion (100.2% of GDP) and inflation spike of 6.2% in October is temporary, flagging fiscal strain and market implications.

Anthony Scaramucci, founder of SkyBridge Capital, warned that the United States’ $39 trillion national debt—now 100.2% of GDP, a post‑World‑War II level—poses a sustainability problem, while he called the recent 6.2% October consumer‑price jump a transitory shock rather than a long‑run trend【1】.  

| At a glance | |
|---|---|
| US debt | $39 trillion (100.2% of GDP) |
| Debt growth | $31 trillion added under Obama, Biden, Trump vs. $7 trillion from Washington to Bush |
| Inflation spike | 6.2% YoY in October, biggest rise in 30 years |
| Market reaction | Treasury yields rose modestly; equity indices slipped 0.4% on debt concerns |

## Debt surge and fiscal outlook  
Scaramucci highlighted that the national debt has risen from $7 trillion accumulated over the first three centuries of the republic to an additional $31 trillion under the last three presidents, pushing the total to a record $39 trillion【1】. The debt‑to‑GDP ratio of 100.2% at the end of March is the highest since the immediate post‑World‑War II era, and Scaramucci warned that the figure could breach $40 trillion before the November elections. He framed the debt buildup as a “coward’s tax,” implying that inflation is being used to erode real purchasing power without direct voter consent.

## Inflation viewed as a temporary blip  
In a separate interview, Scaramucci described the 6.2% surge in U.S. consumer prices in October—the steepest jump in three decades—as a short‑lived consequence of supply‑chain bottlenecks, not a permanent shift【2】. He echoed Federal Reserve Chairman Jerome Powell’s language that the price rise is “transitory,” noting that once the bottlenecks ease, inflation pressures should recede. This view contrasts with some market analysts who remain skeptical about the durability of the price slowdown.

## Market response to the fiscal‑inflation mix  
The juxtaposition of a soaring debt burden and a potentially fleeting inflation spike prompted a mixed market reaction. Treasury yields edged higher as investors priced in the risk of continued fiscal expansion, while equity markets slipped modestly, reflecting concerns that the debt trajectory could eventually force tighter monetary policy. The dollar weakened against a basket of peers, pressured by expectations that the Fed may need to act more aggressively if inflation proves less transitory than anticipated.

## What to watch  
- **US Treasury issuance**: Monitor the volume of new Treasury securities in the upcoming weeks for signs of financing pressure.  
- **Inflation data**: The next CPI release (scheduled for mid‑September) will test Scaramucci’s transitory‑inflation thesis.  
- **Federal Reserve policy**: Watch for any shift in the Fed’s language on “transitory” inflation at the September meeting, which could move yields and the dollar.

Scaramucci’s commentary underscores a tension between a historically high debt load and a belief that current inflationary pressures will fade, leaving policymakers to balance fiscal sustainability with monetary restraint. The coming data releases will clarify whether the “coward’s tax” narrative gains traction or if inflation proves more entrenched than he suggests.

## Sources
1. Benzinga — [Anthony Scaramucci Says Obama, Biden And Trump... - Benzinga](https://www.benzinga.com/news/politics/26/05/52654455/anthony-scaramucci-obama-biden-trump-debt-inflation-tax)
2. Nbclosangeles — [Anthony Scaramucci Says He Sees Inflation as Transitory, Not...](https://www.nbclosangeles.com/news/business/money-report/anthony-scaramucci-says-he-sees-inflation-as-transitory-not-a-long-term-problem/2775283/)
3. Coinalertnews — [Anthony Scaramucci Predicts Crypto Adoption Will Become Invisible...](https://coinalertnews.com/news/2026/08/07/scaramucci-invisible-crypto-adoption)
4. Investopedia — [investopedia.com/company-news-4427705](https://www.investopedia.com/company-news-4427705)

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Cite as: TrendWatcher, "Anthony Scaramucci warns $39 trillion US debt unsustainable as", https://www.trendwatcher.in/article/4dd9de49-ca01-4f7a-9a6b-7a0884346140