I give him credit for at least trying to come up with a creative solution.
This issue is a big ticking political time bomb. Sooner or later the younger generations burdened with student debt WILL vote themselves loan forgiveness.
Let me say that again. They WILL vote themselves forgiveness. Moral hazards be damned.
Doing something to diffuse the time bomb is smart political strategy for those of us who prefer to not see the country go full-bore Socialist.
When you find yourself in a hole, stop digging. If these loans are so bad, stop ISSUING them before discussing forgiving them.