>Muh principles! I'm not saying you people above are wrong on the money, as a matter of fact you're obviously right, somebody will end up paying that bill one way or the other... But you're missing the bigger picture here, and that's not a personal attack, bear with me Guess who those debt slaves are going to vote for, those millions of clods... Certainly not for those promising they'll keep them in their misery forever... Those debt slaves are naturally going to vote for the ones promising to cancel it, regardless of the consequences, regardless of whether it's feasible or not, those parameters are irrelevant in the end, electorally speaking, because winning is what matters The so called left, always promises impossible stuffs, and it works, and then when they are tasked to pull up, to act on it, well they try and make a bill, and then they blame the so called right for the failure "at least we tried but the nazis in congress blocked us, they want you to be debt slaves! You people need to vote more for us, what we have is not enough spread the word gnignigni..." Meanwhile they got what they wanted, they got their votes And the problem isn't going away anytime soon, and the number of student loan debt slaves keeps growing, growing, growing... https://pic8.co/sh/lsaKso.jpg so **demotards, unlike republitards, can keep capitalizing on that student debt bullshit issue, electorally speaking** https://en.wikipedia.org/wiki/Federal_Direct_Student_Loan_Program#History >President George H. W. Bush authorized a pilot version of the Direct Loan program, by signing into law the 1992 Reauthorization of the Higher Education Act of 1965.[4] The Higher Education Act was passed to give greater college access to women and minorities.[5] >**President Bill Clinton set a phase-in of direct lending, by signing into law the Omnibus Budget Reconciliation Act of 1993,[6] although in 1994 the 104th Congress passed legislation to prevent the switch to 100% direct lending.[6]** >Funding for new direct loans in the Federal Direct Student Loan Program increased from $12.6 billion in 2005 to $17.8 billion in 2008.[7] >**President Barack Obama organized all new loans under the Direct Loan program by July 2010. The switch to 100% Direct Lending effective July 1, 2010 was enacted by the Health Care and Education Reconciliation Act of 2010.** >>In 1940, only about 500,000 Americans attended college, but by 1970 that number was near 7.5 million and now in 2018 that number is estimated to be around 14 million. **Since 1970, family incomes for 80% of Americans have failed to make inflation-adjusted gains. With college costs skyrocketing, the lack of wage increases forced most students to rely on student aid and student loans.[5]** >In comparison, other countries have also experimented with government-sponsored loan programs. **New Zealand, for instance, now offers 0% interest loans to students who live in New Zealand** for 183 or more consecutive days (retroactive for all former students who had government loans),[8] who can repay their loans based on their income after they graduate.[9] This program was a Labour Party promise in the 2005 general election.[10] Hm... It's not for its accomplishments that the right will win any future election, if it ever wins another election (which accomplishment are we talking about anyways? There are none, really, none) It's going to be thanks to some "out of this world" disastrous performance of the left, that's right it's going thanks to joe biden