80%, but I get your point. And loan interest was 10% or greater. And I tend to agree with much of what you said. I love the idea of tuition being moderated and universities getting back to teaching. My own analysis is that debt forgiveness does just the opposite. I’ve not seen any argument otherwise. I would have been thrilled to see one.
Who does debt forgiveness hurt? It hurts those of use, then or now, that bust their asses to not build up debt. If not financially, it’s a metaphorical punch in the nuts. Marks us as colossal fools.
I do not place the problem of poverty at the feet of poor. Many people are trapped. I place the problem of high loans at the feet of the people that borrowed the money. Often this is middle class, since they don’t get financial aid. It’s not the poor that have a problem scrimping. To them, that’s normal. They get it. They are the smart ones.
