We have bankruptcy courts for a reason.
I would go with one-time cash checks to low-income folks of all types. Those who use debt for more than they could afford? Not so much.
And it is much more often renters who are in desperate straights more than homeowners. Yet, often the landlords to those renters can’t afford simply not getting paid on some sort of “deferral” program.
I suppose you want student loan debt wiped out too.
Definitely not on student loans. My daughter-in-law borrowed $50,000 to go to law school. She made more on her first case that I did the last 6 years I worked. She paid it all back the first year after she finished law school.
Liberals will tell you that everyone in society benefits from a well-educated populace. Perhaps, but a huge chunk of that benefit accrues directly to the student, so I think they should pay every dime back. Also, for me to fund a student majoring in Playground Ethics only to find out they can’t get a job to pay back the loan after graduation sounds like I funded four years of fun for them. Also, I don’t like what universities are teaching these days.