Birdwatch Note Rating
2024-04-09 10:53:51 UTC - NOT_HELPFUL
Rated by Participant: F4889E674E13641F1BC7B812D98010D2F84934A7139F1A0059204731100781B7
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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