Most Equal Comrade once again plays Santa Claus with phantom money

He wants to expand his pay-as-you-earn student-loan-payback program.

Um, with what?

Now the impact is being felt:

In obscure data tables buried deep in its 2016 budget proposal, the Obama administration revealed this week that its student loan program had a $21.8 billion shortfall last year, apparently the largest ever recorded for any government credit program.

The main cause of the shortfall was President Barack Obama’s recent efforts to provide relief for borrowers drowning in student debt, reforms that have already begun to reduce loan payments to the government. For more than two decades, budget analysts have recalculated the projected costs of about 120 credit programs every year, but they have never lowered their expectations of repayments this dramatically. The $21.8 billion revision—larger than the annual budget for NASA, or the Interior Department and EPA combined—will be tacked onto the federal deficit.

Think about that for a moment. A shortfall in the student loan program that is larger than the budget for three executive departments combined. That deserves its own wing in the Museum of #FAIL.

People, this is why we have over $18 trillion in federal debt.