Birdwatch Note Rating
2024-04-09 02:12:49 UTC - NOT_HELPFUL
Rated by Participant: 91C32FB67B5BCCBBB71D3FB98D32D22C8E5797C080838413405F2968080C72D4
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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