It’s an election year, so Democrats will be babbling about how they’re gonna wipe away everybody’s student loan debt, abra-cadabra, etc.
But the debt won’t go away. It can only be shifted to someone else. There’s a trillion dollars out there: if the people who borrowed it won’t repay it, someone else will have to. If not, the money will simply be lost.
How many times can we do that without going belly-up?