In 2024, the federal budget deficit is estimated to reach nearly $2 trillion, according to new projections released by the Congressional Budget Office (CBO) this week. In February, the agency predicted that the deficit would only be $1.58 trillion. However, spending increases have caused the projected deficit to increase by $400 billion, a staggering 27 percent hike.
According to the CBO, 80 percent of the spike in the deficit can be blamed on four sources of government spending.
The largest source, responsible for $145 billion of the increase, is changes to the federal student loan program that have resulted in massive waves of federal student loan forgiveness and increased forgiveness going forward.
But SCOTUS said Biden couldn't "forgive" student debt.... /s off.
ReplyDelete- WDS
If you're waiting for the Republican politicos to react you're wasting your time. The bread & circus crowd will likel never hear about this and even if they do hear they'll ignore it and go back to their social media and online sports betting sites. They're sure their instant gratification, pleasure seeking lives will never change just like the majority of European Jews back in the early 1930s knew their lives would go on as usual even though all the signs of their destruction were obvious.
ReplyDeleteMeanwhile all the poor hard working saps that either learned a trade or paid off their loans are getting stuck with the bill for these useless rainbow haired freaks that got their gender studies degrees along with a not so gentle dose of hatred for their country. Lets Go Brandon!
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