Birdwatch Note Rating
2024-04-12 19:58:51 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 55C945D161C2FF1A6143C2B4FCC09879AA6A0E7F3FF1F3E65648DB25A6ED9ED6
Participant Details
Original Note:
Though this may benefit those having their debt relieved, an analysis by the Penn Wharton Budget Model estimated that the Biden administration’s loan forgiveness announcement, added to a previous estimate made for the SAVE Plan, would cost taxpayers $559 billion. https://ny1.com/nyc/all-boroughs/politics/2024/04/12/white-house-student-debt-cancellation-april#:~:text=An%20analysis%20of%20the%20loan,would%20cost%20taxpayers%20%24559%20billion.
All Note Details