"Chrystia Freeland put out the bunting after her April 16th budget. The fiscal plan had three targets or “guideposts”: keeping the deficit below $40 billion in 2023/24; lowering the debt-to-GDP ratio in the current fiscal year, compared to last fall’s financial statement; and keeping deficits below one per cent of GDP in 2026/27."
But the Department of Finance now says the deficit was $50.9B.
>160k student loan borrowers are now in line to have their balances canceled, bringing the total amount of #DebtForgiveness allowed under the Biden admin’s policies to $167B, the #Education Dept announced Wed.
“I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” #Biden said in a stmnt Wed. “I will never stop working to cancel student debt — no matter how many times Republican elected ofcls try to stop us.”
I agree. While I can't point the finger specifically at the scum who want to keep squeezing college kids, I can look at the people who defend those Collection Scum.
Betsy DeVos, owner of a Dozen Yacts ( Assets of $5.4 Billion )