Birdwatch Note Rating
2024-04-08 18:58:53 UTC - HELPFUL
Rated by Participant: B8C1B5F2E33C3722ECC69924C7694CE19BED63DA4BEB13710B2451057ADB977E
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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