Birdwatch Note Rating
2024-04-09 02:28:23 UTC - HELPFUL
Rated by Participant: C9DF80E39496B0EC5B3B1473359822633212840B022261FAD9535808D38021CF
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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