Birdwatch Note Rating
2024-04-08 23:30:06 UTC - NOT_HELPFUL
Rated by Participant: E259EC4D835B29EABF8BE54A423CB17A45A8E0E2943BF8FAFB4E0F9CF5961874
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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