So hear me out, On the surface I’m with the majority of the public that hates this idea. However in the spirit of debate I listened to a few liberal arguments on the topic. 

Some of the points are worth considering, such as debt reduction equals higher capital per household leading to more market spending, however is not really debt reduction it’s more debt transfer since the bill is just being spread across the entire tax base.

Then I had an idea, who holds most of this debt? Millennials and younger correct? What if we worked out an exchange, social security is going to be insolvent soon enough it’s no secret anyone under 30 shouldn’t plan on seeing a penny of social security. What if we offer an opportunity to write off student loans in leu of exemption from social security payments. They would still be required to pay in like the rest of us but instead of social security at the end of life they get debt cancellation now. 

The older generation gets their retirement funded the younger generation gets their loans paid off? I’m not a finance guy but to me it sounds like a fair exchange?

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