Birdwatch Note Rating
2024-04-08 22:26:07 UTC - NOT_HELPFUL
Rated by Participant: E89B7544AA994B95CDD7E10375D53A99782DED0B8434CE7B1A74AC86B2C627DE
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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