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Why is America So Broke?
by Jack Hellner American Thinker
The public is constantly told that when Congress passes new spending programs, they will be paid for… yet the U.S. is over $32 trillion in debt, not counting unfunded liabilities like Social Security, Medicare, and federal employee benefits.
When Democrats passed Obamacare, they said it would substantially lower premiums and it would reduce the deficit; instead, premiums skyrocketed, so the subsidies and other costs had to skyrocket.
One way Democrats pretended that they would be able to pay for Obamacare without the taxpayer feeling it was that they said the government would make money if they took over student loans. They lied. The government is losing lots of our money on student loans: