As always vBackman, you hit the nail on the head with this one!
Forgiveness of college debts is the one that just blows my mind. What if you, as a student, worked your ass off in school, maybe working full time or close to full time while you went to school full time, or close to full time, just so you could graduate debt free?
How would you feel about your tax money going to those who took the easier path?
Or, if you're the parent, and you are of modest means, so for years you scraped and saved every penny so your child could go to school and graduate debt free?
I suppose those people will be thrilled to see their tax dollars going to pay the loans for those who took the easier path.
And that's just the normal human reaction element. What about the class warfare this will likely cause? AOC was quoted as saying this, in support of govt payback for student loans for some: "Entire generations of working class kids were encouraged to go into more debt under the guise of elitism."
Typically demented thinking! But it gets worse when we stop to consider that tax money, from all of us, would be going to pay these back. What if you never went to college, but are doing just fine in a trade position, or some kind of blue collar job? Why should your money go to pay off the kids of the rich liberal elite's student loans? I'm pretty sure a person would feel some animosity if they had to subsidize for the schooling of relatively rich liberals' kids.
It's just a bad idea all around. When you teach people that one of the first serious things they do as an adult, ends up with a free financial pass, you're just setting them up to fail. If they really wanted to go to college without going into debt, they could have chosen to do so.