Birdwatch Note Rating
2024-04-09 13:11:46 UTC - NOT_HELPFUL
Rated by Participant: 7FD71FD4A0A72F3811263BA6B795720694BA53A1B9BC6C0B457DC53BEF9CF5B8
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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