Yes, that was pretty much my line of thinking as well. I thought, if we give 1 trillion in a one time payoff to all the student fed loans, then yes, those people would probably spend more money on other things in lieu of loans, however that 1 trillion would still have to be paid back by *someone*. And isnt that what we paid to the UNIONS with porkulus? And what did that get us? Certainly no meaningful addition of private sector jobs. And any rate it is just robbing peter to pay paul, like so many other federal programs (Fannie Mae, Freddie, Sallie Mae). It is quite easy to see it as axiomatic that any thing govt gets involved in at the federal level...eventually becomes parasitic.
If there really is NO way to pay off our gargantuan debt/steer clear of the iceberg (not enough money/time), why are we still on the ship? Even rats have enough sense to know when too late is simply too late, and abandon ship.
I always say, if there is another place that speaks English and will let me bring my guns, I might consider leaving. There is a list of one. Argentina has gone broke several times and there is a list as long as my arm that have done the same. What makes America different? It will be bloody for awhile, but some of us will survive. I just hope there is a few that still remember freedom and capitalism to start over. It almost always takes a dictator to stop the killing and robbing though. Then we have to overthrow the dictator and it all starts again.