Cancel Student Debt or Bail Out the Greedy?

You call it a lifeline? I call it a slap in the face to every American who played by the rules. Your 'public good' rhetoric is a smokescreen for a regressive handout that benefits the wealthiest borrowers—those with graduate degrees and six-figure incomes—while leaving the plumber, the electrician, and the factory worker holding the bag. You say education is like roads? Last I checked, roads don’t give you a 20% earnings premium for life. A degree is a private investment, and like any investment, it carries risk. You took on debt for a credential; you reaped the rewards in higher wages. Now you want to socialize the losses? That’s not fairness; that’s theft from those who chose vocational paths or worked through college to avoid debt. Your 'nurse with $80,000' is a cherry-picked anomaly. The average borrower owes around $37,000, and the top 10% of earners hold nearly half of all student debt. This plan is a wealth transfer from the poor to the upper-middle class. Call it 'correction' if you want; I call it corruption. You blame 'predatory lenders' and 'greedy universities,' but you ignore the real culprit: the government’s blank-check loan programs that fueled tuition inflation. When you hand out unlimited federal loans, colleges have zero incentive to control costs. Tuition has risen 169% since 1980—far outpacing inflation—and you want to reward that by writing off the debts? That’s like giving a pyromaniac a medal for setting the fire. And your 'tax the rich' fantasy? It’s a pipe dream. The rich will dodge it, and the middle class will eat the cost. You’re not fighting the billionaires; you’re fighting the working-class taxpayer who never set foot in a college lecture hall. Your 'indentured servitude' nonsense is hyperbole. Loan forgiveness programs already exist for public servants, and income-driven repayment caps payments at 10% of discretionary income. If you’re drowning, there’s a lifeboat—you just don’t like the oars. inally, you attack 'politicians who cut education budgets,' but you ignore the 2008 housing crisis. We bailed out the banks, and what did we get? A generation that learned to expect handouts. This debt cancellation is the same moral hazard on a personal scale. It tells every 18-year-old that signing up for $100,000 in loans is risk-free—someone else will pay. It’s a recipe for further tuition hikes, more reckless borrowing, and a culture of entitlement. Your 'system is broken' argument is a self-fulfilling prophecy. You break it, then demand we pay for your brokenness. The only 'greedy' ones are the degree-holders who want their cake, eat it, and make the waiter pay the bill. Cancel the debt? No. Cancel the fantasy that someone else owes you a living.