Birdwatch Note Rating
2024-04-08 19:26:03 UTC - HELPFUL
Rated by Participant: 71A48FEF172CDB7D72F53F9D9B26D35C40F4E8923DE3B2ED36BCA64461AF5E2B
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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