Birdwatch Note Rating
2024-04-09 01:32:40 UTC - NOT_HELPFUL
Rated by Participant: A6C3FF4A66E9B136C9D3948BAF9A6BACAB8532A9F2FDC736C16CE0E22FF6AAB9
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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