Student debt forgiveness without prior reform is equivalent to tripping the next generation of students, in the hopes of escaping the pursuing wolf pack.
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"Wow, can't believe after the 2008 crisis we bailed out a bunch of financial guys at huge public cost and let them continue their shenanigans at the expense of everyone else."
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I'm agnostic about what might be done about the student debt situation, which I agree is quite bad, but "let's immediately dump a trillion dollars into the currently-existing exploitative paradigm, and surely we'll find the political will to reform after that" is insane.
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Replying to @kendrictonn
If I were God Emperor, I'd try to forge a "grand compromise" (between red tribe and students w loans) that * conditioned debt forgiveness on bad programs w poor records of jobs for grads * forced half forgiveness on the unis * other half on taxpayers * shut down bad programs
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Replying to @MorlockP
I feel a little kinder towards bad programs [defined here as low-employment-applicability], because I think to some degree what's making them actually injurious is the extant system, and what it's done to higher-ed pricing/
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Replying to @kendrictonn
but note, I'm not saying "we must destroy these programs". I'm saying "they lose any ability to have students pay for them via federally backed loans". English and Art History can remain for any children of the idle rich who want them, or for anyone the unis want to scholarship
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Replying to @MorlockP
I may have misread your "shut down bad programs". But yeah, and really, I don't think there's any necessary reason an English major couldn't be priced at boomer-level "work your way through it", too.
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Replying to @kendrictonn
nope, I said the wrong thing; you read my [ wrong ] words correctly
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Replying to @MorlockP
Should I take the second "bad programs" as referring to things like federal loan programs?
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my brain is fried God knows what I was trying to say just delete the bullet point "shut down bad programs"
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Replying to @MorlockP
My brain is fried, and you've been going three times as hard as I have
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