Birdwatch Note Rating
2024-04-08 20:43:51 UTC - HELPFUL
Rated by Participant: 0D219EAB0CC7BE2AE14033B86F77231DA7533CF50F572C6007137A1D4E560790
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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