The extent of the additional federal debt incurred by the one-time gift to college graduates and ex-students depends on which estimates are used, economists say.
Bharat Ramamurti, deputy director of the White House's National Economic Council, told reporters that the plan was fiscally justified because the federal deficit was on track for a $1.7 trillion reduction for fiscal 2022 compared to the prior year. The smaller deficit is largely due to the end of many COVID-19 aid programs and unexpectedly higher revenues.
Some economists who track federal spending and workforce issues panned Biden's plan as offering unnecessary aid to many graduates who are financially well-off, potentially stoking inflation and running up deficits as borrowing costs rise.
Their degrees and diplomas have just been made obsolete! TheGreatReset
I disagree. People will become able to afford to contribute to climate change and other positive changes without the gov deciding where their $ should go
Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all. Thomas Sowell
3 billones en ayuda militar a Ucrania borran toda ayuda a la gente sin hogar y drogadictos en las calles.
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