Birdwatch Archive

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2023-08-21 00:32:37 UTC - NOT_HELPFUL

Rated by Participant: F0B881F36EB1CAA1EAFAB7CC49BC719BB76BFBBCA97BFD21F92CD8AAE32E01F7
Participant Details

Original Note:

There is no such thing as canceling student debt, the loans must still be paid off. The loans still have to be paid off and all proposals would simply transfer the debt to the taxpayers, the amount of which is approx. $1.7 Trillion (20 times the Dept. of Education's budget). https://thehill.com/opinion/education/3545917-canceling-student-debt-for-everyone-is-bad-policy-and-bad-economics/

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