3 ms·
So none of the debt is caused by massive spending packages? Stuff like the "inflation reduction act" that had nothing to do with inflation? 1.24 Trillion for So
by johng 3y ago
So none of the debt is caused by massive spending packages? Stuff like the "inflation reduction act" that had nothing to do with inflation? 1.24 Trillion for Social Security in 2023? The current admin is still trying to force through student loan forgiveness, which is estimated to cost almost $1T over 10 years.
Reckless spending is a bigger factor than tax reduction, IMHO.
*https://waysandmeans.house.gov/cbo-confirms-bidens-student-loan-giveaway-costs-taxpayers-nearly-half-a-trillion-this-year/#:~:text=The%20Penn%2DWharton%20Budget%20Model,60%20percent%20of%20income%20distributions https://waysandmeans.house.gov/cbo-confirms-bidens-student-l....