Birdwatch Note Rating
2024-04-09 04:11:27 UTC - NOT_HELPFUL
Rated by Participant: F95150AD4EF1E1240AED22A2E76C2829E716CDA8478B5C6CFADAB3BEBDDDAFEE
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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