Birdwatch Note Rating
2024-04-08 20:51:00 UTC - NOT_HELPFUL
Rated by Participant: 7E68EF40AFD861244DF851C4B7E1B1542D7EE40CD3101B1E0D5EF4E99D03EB82
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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