(Response to the quote you cited, not to you personally...)
No, I expect it will be the working, middle class taxpayers who will pay the ultimate price. Because we will be asked to suck it up while the government gives these losers a free pass so that they can just clear off the student loan debts, then these same losers will line up to get their mortgages and 6 year car loans, since their credit rating will be “all good”, and they will default on those loans at some point, too.
I agree with you.