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Of the students who graduated with a bachelor's degree in the 2021–2022 school year, 49% graduated from public, four-year schools with an average federal debt burden of $20,700 and 52% graduated ...
A settlement was approved in August 2022, stating that the schools on the list were included "substantial misconduct by the listed schools, whether credibly alleged or in some instances proven." [68] [69] In April 2023, the Supreme Court rejected a challenge to the settlement and allowed to proceed the debt cancellation due to alleged fraud. [70]
When the government spends more than it brings in, it runs a Budget Deficit that year. [17] In order to pay for the extra spending, governments issue debt. Government debt is the amount of money credited from individuals, firms, foreign entities as well as the federal government itself through the federal reserve system. [8] Debt accrues over time.
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The wording and intent of Article VI, section 2 of the Ohio Constitution is that the state is responsible for a thorough and efficient system of (public) common schools. Period. Period.
Direct lobbying is different from grassroots lobbying, a process that uses direct communication with the general public, who in turn, contacts and influences the government. [7] Washington, D.C. is the home to many firms that employ these strategies, with 11,140 registered lobbyists currently residing in the area.
Political scientist Thomas R. Dye said that politics is about battling over scarce governmental resources: who gets them, where, when, why and how. [8] Since government makes the rules in a complex economy such as the United States, various organizations, businesses, individuals, nonprofits, trade groups, religions, charities and others—which are affected by these rules—will exert as much ...
The government needs to borrow money to continue paying out what Congress has already approved, but the debt ceiling puts a limit on how much money the U.S. government can borrow to pay its bills.