UPDATE: PicoBusiness weighs in:
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.
“blah blah blah”? That’s what you think of people who bust their asses to pay off their loans instead of wanting everyone else to bail them out? I hope you have at least an idea of how insulting that is.
And you’re damn right it’s unfair. So why is the right going along with it? If something like this actually happened, god forbid, who the hell do you think would get credit for it? Obama and the Dems. All of a sudden you’d have millions of voters who suddenly had massive amounts of debt wiped off their slate, and they’d be eternally grateful to the Democrats, at the direct expense of everyone else in society. Why are we trying to dream up ways to help the liberals consolidate their power? And how, exactly, is this idea any less “insanely unfair” than, say, bailing out irresponsible home buyers at public expense?