What are you talking about. Why can't they look ahead. Will a bad economy mean we need less DR's or less plumbers? Are they incapable of doing basic math. I

What are you talking about. Why can't they look ahead. Will a bad economy mean we need less DR's or less plumbers? Are they incapable of doing basic math. If it costs 100k to get a degree in a job where you earn 40k a year, it's a bad ROI. Forgiving the debt from who? I mean if you borrow 50$ from me, and it gets forgiven, then well I'm out 50$. If you forgive the debt to the Fed, well then the fed is out 50$. Now the Fed has less, but they need X, so they ask me for it. Mind you they ask me while holding handcuffs, and pointing a gun. So "ask" might not be the right word. Now. If you have a degree, you are likely making more than the average, so you're "richer". And if I didn't then I'm poorer. If you make 100k and I make 50k, but we both pay tax to cover your loan. I'm essentially paying for you to become richer, while I have less, so become poorer. What debt forgives actually does is put the burden of paying the debt into the hands of people even less able to pay, and people who didn't get the benefit of the loan.