If you needed a reminder today on why we HODL 👇

The CBO massively raised its forecast for the budget deficit this year by 27 percent, now predicting that the U.S. will run nearly $2 trillion in the red, per Bloomberg’s Erik Wasson. That would be up from almost $1.7 trillion in 2023. Ukraine aid and student debt relief are among the new factors driving the deficit higher. “Tuesday’s projections continued to show the US heading for record levels of debt relative to GDP, and escalating interest costs — which for this year will exceed defense spending.”