Birdwatch Note Rating
2024-04-23 15:27:12 UTC - HELPFUL
Rated by Participant: 920F73AAAAF30342306BD05CDA0F39027B655521F2F93EFBDBB16D9EC957B00B
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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