{"id":2275010,"date":"2024-06-21T11:19:38","date_gmt":"2024-06-21T15:19:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-student-debt-cancellation-a-main-cause-of-400b-increase-in-24-deficit-2\/"},"modified":"2024-06-21T11:24:26","modified_gmt":"2024-06-21T15:24:26","slug":"bidens-student-debt-cancellation-a-main-cause-of-400b-increase-in-24-deficit-2","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-student-debt-cancellation-a-main-cause-of-400b-increase-in-24-deficit-2\/","title":{"rendered":"Biden&#8217;s student debt forgiveness major factor in $400B rise in 2024 deficit"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidens-student-debt-cancellation-a-main-cause-of-400b-increase-in-24-deficit-2%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2275010&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden&#8217;s executive actions to \u2062cancel\u2063 student \u200bloan debt are a significant contributor to a projected $400 billion increase in the U.S. federal deficit for 2024. Further details are available\u2063 via a linked article \u2063from The Western Journal discussing the financial impacts of this\u2062 policy \u200ddecision.\u200b As of my last update in January\u200c 2023, I don&#8217;t \u200dhave \u2062a specific article from The Western Journal linked here, nor information on projected increases in the U.S. federal deficit due directly to President Joe Biden&#8217;s \u2064executive \u200dactions\u2063 regarding <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosi-pulls-rank-on-biden-says-he-doesnt-have-the-power-to-cancel-student-debt\/\" title=\"Pelosi Pulls Rank On Biden, Says He Doesn\u2019t Have The Power To Cancel Student Debt\">student loan debt cancellation<\/a>.\u2064 However, I can <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rep-higgins-warns-ex-twitter-execs-they-could-go-to-jail\/\" title=\"Rep. Higgins Warns Ex-Twitter Execs They Could Go to Jail\">provide information based<\/a> on what was available up to that time.<\/p>\n<p>President Joe Biden has proposed forgiving a certain\u2064 amount of federal\u2062 student loan debt \u200cas\u200c a part of his broader economic plan.\u2064 Initially,\u2062 he suggested a plan that would offer \u200d$10,000 in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-push-for-student-debt-forgiveness-would-cost-taxpayers-millions\/\" title=\"Democrats push for student debt forgiveness, would cost taxpayers millions\">student loan forgiveness<\/a> for individuals \u2064making under\u200d $125,000\u200c per year. \u2064This proposal was part of a broader campaign pledge aimed at alleviating financial stress for\u200c former students and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tax-hike-in-new-proposal-only-for-couples-making-more-than-509000-white-house\/\" title=\"Tax Hike in New Proposal Only for Couples Making More Than 9,000: White House\">stimulating economic growth<\/a>.<\/p>\n<p>While the plan might be seen as providing\u200b needed relief to former students burdened by loans, there are discussions about its potential impacts\u2064 on the federal deficit. Budget experts and some policymakers have indeed\u200d predicted that this could add\u2064 to the federal deficit, but the \u200dexact projections \u200bcan\u2062 vary\u2062 depending on several factors including the scope of the forgiveness program (such \u200das\u2063 how \u2063many people qualify and take advantage of \u2062it) \u2062and future \u200ceconomic conditions.<\/p>\n<p>It&#8217;s also worth noting that the potential for a\u200c policy \u2064to increase the federal deficit does not\u200c inherently negate its possible benefits in other areas, such\u200c as boosting consumer spending\u200b or improving financial stability for many\u200b Americans. Nevertheless, the discussions about the financial implications are integral \u2064in understanding the overall impact of such policies.<\/p>\n<p>For the most precise and current updates on this topic, including \u200din-depth \u200cfinancial analysis, \u2064I recommend checking the latest reports from credible sources directly\u200c tied to U.S. economic policy analysis\u200b or official government releases.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p>President Joe Biden\u2019s executive actions taken to cancel student loan debt are a primary cause of a $400 billion increase in the federal government\u2019s projected deficit for 2024. On Tuesday, [\u2026]\n<p>The post <a href=\"https:\/\/www.westernjournal.com\/bidens-student-debt-cancellation-main-cause-400b-increase-24-deficit\/\">Biden&#8217;s Student Debt Cancellation a Main Cause of $400B Increase in &#8217;24 Deficit<\/a> appeared first on <a href=\"https:\/\/www.westernjournal.com\/\">The Western Journal<\/a>.<\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden&#8217;s executive actions to cancel student loan debt are cited as a main reason for a projected $400 billion rise in the federal deficit for 2024<\/p>\n","protected":false},"author":662,"featured_media":2315279,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2275010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2275010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/662"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2275010"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2275010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2275010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2275010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2275010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}