The amount of our budgets are estimates.
You get either less money coming in or overspend. On this last round, we were like 5.5% equivalent GDP, either underfunded or over budget. And 2.5% of that came from the Department of Education because we've been forgiving or canceling or pushing back the payment of student loans to our government.
The equivalent of 2.5% of our GDP is unfunded by the government. It's something called fiscal drag. When there's less money coming in and there's less money being spent by our government, it is a drag on the economy.
Inflation could be a little stickier when we're overspending.
All we need is for the economy to snap back. And so we're doing our part. We're trying.
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