Birdwatch Note Rating
2024-04-08 23:21:40 UTC - HELPFUL
Rated by Participant: E635313D5D4CA84C05CB72036E501E2D40D3400A2B999FE528C2768930042179
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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