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Foreign Aid And Student Loan Forgiveness Behind Massive Increase In Deficit Estimate, CBO says

Actually

Posted 9:15 am, 06/19/2024

it is for her. But it is not good for poor people or anyone on a fixed income.


Antithesis is a selfish person. how many illegals does she have living with her?

DB Cooper

Posted 9:12 am, 06/19/2024

Anti says Bidenflation good!

Actually

Posted 9:07 am, 06/19/2024

inflation will go a little higher because of this Biden plan.


Poor people will suffer, and rich get richer.
I'm really starting to like inflation, except the part about poor people suffering

DB Cooper

Posted 8:45 am, 06/19/2024

President Buffoon strikes again!

America's debt is growing faster than previously expected, largely due to actions taken by the Biden administration and recent legislation, according to the Congressional Budget Office (CBO).

The United States' projected deficit is $1.9 trillion for the 2024 fiscal year, $400 billion higher than it was projected to be in February, the CBO announced Tuesday. CBO analysts increased their estimate due in large part to the foreign aid package signed by President Joe Biden in April and his administration's efforts to reduce student loan balances.

If the United States continues on its current course, the CBO projects its debt will reach $50.7 trillion by the end of 2034, up from 26.2 trillion as of the end of 2023. Debt will equal about 122% of America's GDP in 2034, according to the CBO's projections.


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