The CBO's latest "Budget and Economic Outlook" projects that the federal deficit this year will top $1.9 trillion.
In Trump's first three years, for example, the average variance between the first forecast and the final deficit was just $73 billion.
Under Biden deficits have come in higher than expected every single year by an average of $380 billion.
Here's where the sudden, sharp jump in the 2024 deficit came from, according to the CBO: Student loan bailouts: $145 billion.
The current forecast is also way above what the deficit would have been had Donald Trump's policies remained in effect.
In February 2021, before Biden got any of his policies enacted, the CBO projected deficits from 2024-2031 would total $10.2 trillion.
The CBO now expects those deficits over those years to be $5.6 trillion - a more than 50% increase.
https://issuesinsights.com/2024/06/21/bidens-fiscal-crisis-is-far-worse-than-we-thought/
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