Birdwatch Note Rating
2024-04-08 23:00:12 UTC - NOT_HELPFUL
Rated by Participant: 9F2D0E92CC54EA3C9A38F7D2996485E50C9A000AE7A17883E266E4981C269E14
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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