US Bonds Are Not Attractive Based on Trump's Policies

Kevin Hassett, director of the National Economic Council, told reporters that American bonds "are the best buy in the world" and would become "an even better buy once all of our policies are in place." Is that so? The House-approved "Big Beautiful Bill" (BBB) increases the budget deficit by an additional $3.8 trillion over the next decade, adding nearly $400 billion annually to the current rate of $2 trillion per year, while offering minimal growth stimulation since BBB primarily extends existing tax rates without providing an incremental boost to consumer cash flow. Meanwhile, the tariff strategy raises inflation for many consumer and business products. Given these policies, why would US bonds be attractive?