Student Loans
$1.6 trillion of student loan debt is spread among 44 million Americans. More than even avocado toast or a daily latte, student loans are being blamed for Millennials not being able to afford housing (even though they are the largest home-buying cohort). Some Presidential hopefuls say they’ve got the answer in just erasing the whole thing. This is a case of finding a gullible voting bloc and riding them as hard as possible in the hopes of building a warchest to retire on, securing a book deal, and hitting the speaking circuit. It is a proposal along the lines of the Green New Deal – not so much a serious piece of legislation as it is something to garner mentions in the media. Cynicism aside, I’d love to see student loans wiped out. “But isn’t this unfair to people who took out loans and paid them off?” Maybe, but it…