Birdwatch Note Rating
2024-04-09 00:30:41 UTC - NOT_HELPFUL
Rated by Participant: F8FA89D4C82661061B460CDAFAC8DA05B6AF6448F0FCEB0E238F31B4B5E59745
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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