NPC 6060⁸42
Hooked
Some of this may be the reason for 2025 having the biggest FY start wit the biggest jump in defecits ever. Since sleepy Joe forgave all those student loans the interest payments are no longer financing the debt. The Republicans never wanted to stop Obamacare they saw all that power and money so they played Washington generals to the democrat harlem globetrotters trying just enough to keep their constituents from running them down.I would also add what Obama Care did to tuition costs because of the Health Care and Education Reconciliation Act of 2010
These numbers are from a 2013 article:
"According to the Congressional Budget Office, $8.7 billion of the money collected in student loan interest payments actually goes to pay for ObamaCare. The CBO estimates that the interest rate on these loans could be reduced from 6.8 percent to only 5.3 percent were the funds not used to subsidize the healthcare reform law and other federal programs.
{mosads} The profits from student loans are divided as follows: $8.7 billion goes to pay for ObamaCare; $10.3 billion goes to pay down the federal debt; and $36 billion goes to Pell Scholarship grants.
The 16 million American students who now have student loans are paying for ObamaCare out of their meagre incomes just at the point when they graduate from college and need funds to start their lives, buy their first homes and begin a family."
I remember it hitting the MSM after ACA was pushed thru for a couple of days as "the funny accounting of ACA" but it was crickets afterwards and I have yet to see a single Republican bring that up whenever ACA is discussed - how is it possible they were not all over it even when biden was trying to forgive the loan crisis the democrats created!!
How was it not highlighted when Republicans were trying to turn back ACA, seems like it would've been a good thing to point out for the student votes.
All those dominos are toppling, and IMO we have yet to feel the full brunt of it.