Friday, June 21, 2024

Biden's forgiven student loans are nothing but new spending obligations of the American taxpayer financed by more borrowing: Big jump in the 2024 deficit due to student loan bailouts

 


 Student loan relief contributing to 27% jump in projected federal budget deficit, per CBO 

The federal budget deficit will hit $1.9 trillion this fiscal year according to the Congressional Budget Office. That’s $400 billion larger than the agency estimated in February.