It's just a few billion...
by EricCartman (2024-02-22 13:02:12)

In reply to: I'm not a fan of loan forgiveness either  posted by mocopdx


At the end of the day, a few billion probably isn't material to the budget. However, a few billion here and a few billion there tends to add up to a material number over time. It also highlights a lack of focus on controlling expenses, which definitely adds up over time.

As I highlighted in my post a week or so ago about the deficit, we have a massive spending gap that we cannot close. We cannot afford to piss away a few billion here or there anymore. That game is over, especially with interest rates where they are. (Debt service is going to crack a trillion dollars a year, up from around $300B. That is a net hit to the deficit, because there is zero uptick on the revenue side to offset it.)