Birdwatch Note Rating
2024-04-09 20:17:09 UTC - NOT_HELPFUL
Rated by Participant: 094CD7BAAC9979E73A5D592061A67441864950A3781405C93921AB78307AE979
Participant Details
Original Note:
Forgetting about whether this is even legal, debts are not "cancelled" but transferred to others. In this case, the "cancelling" of student debts simply means that the Federal government (the lender) will no longer receive expected payments, causing the fiscal deficit to rise. https://www.crfb.org/blogs/what-does-student-debt-cancellation-mean-federal-finances
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