“…since the government owns most of the student loans, it would basically be the taxpayers getting screwed over once again. What a surprise. Basically if massive amounts of debt were erased, it would be another bubble bursting, which would send the U.S. into a fresh round of economic instability. The economy would spiral downward in relation to how many people took advantage of their get out of jail free card.”
How many Gender Studies majors and other useless humanities graduates are going to screw productive citizens (more than they already are) in the coming years?