an interesting idea

Instead of stimulating randomly, focus on forgiving student debt.

I think it makes a lot of sense, relative to other ideas – in other words, if we must have stimulus, this seems like a sensible way to do it. And I say this as someone who has no student debt.

Many of the commentors at HotAir are against it, pointing out that they did the GI bill or saved up so they could afford college, or worked hard to pay off their loans, blah blah blah.

They are correct, in the sense that it is not fair. But in the current environment, fair may not be achievable. The best we may be able to do is ‘not insanely unfair’. And this seems to fit the bill.

Variations:

  • Instead of paying the entire loan, pay one or two year’s worth
  • Instead of paying the loans, grant the students a year or two’s interest-free forebearance
  • Waive all interest (or make it a tax credit)
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