Birdwatch Note Rating
2024-04-09 02:19:58 UTC - NOT_HELPFUL
Rated by Participant: 4D334170BA2D2E701112CE9E9FAC1FCF932483DEEB08EFCF8AE2D31B67754774
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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