Debt forgiveness doesn’t work. The reason why debt forgiveness doesn’t work is the same reason why cheaters never stop committing infidelity. When your partner commits infidelity, that infidelity will never cease until the cheater loses something they were never willing to lose. Forgive the cheater, but the forgiveness doesn’t require the cheater to deal with the catastrophic loss that they caused. Regardless of why the cheater cheated, whether it was love or lust, the cheater felt as if their infidelity was warranted during the infidelity.
Forgiving debt, whether student loans or other types of debt merely embolden the acquisition of more debt. Once a person’s slate is magically wiped clean, without a catastrophic event taking place, that person will simply go out and sign up for more debt. Catastrophe is one of the healthiest and greatest things that one could ever have the privilege to experience, since we rarely learn until we lose that which we could not live without.
Regardless of what you may or may not know and understand or not understand about debt, you voluntarily indebted yourself. Unless you dig yourself out of debt, you will never truly know or utterly understand the sacrifice and commitment it takes for a person to earn their independence back.
Talk about the 1%, the bankers, the government, the federal reserve and all of the inequalities and unfairness of life, none of this will grant your freedom. To be truly free and independent and insulated from society without becoming a hermit, you will have to earn your freedom.
If you want a better world and a better society, you must be better yourself and the only way to move towards that goal as an individual is to fulfill your obligations as an individual. Society is comprised of individuals and the more our society is filled with debt, the further our society is from becoming that utopia you so desire.
~Luke 14:5 And He answered them, saying, “Which of you shall have an ox or an ass fallen into a pit, and will not straightway pull him out on the Sabbath day?”~
If your donkey is in a ditch, then how fair is it to your donkey to continued to be mired in the quagmire, because you are tired?
The idea that “we” deserve something, when all of our money is tied up in debt is ludicrous. Since to deserve anything, it must be earned and if you have yet to fulfill your obligations, then all you deserve is more debt.
To forgive debt is to forgive the cheater while they are in coitus. Debt and infidelity are one and the same, since both requires asses.
Debt is not the problem, what you have or do not have in your wallet or purse is not the problem either. The problem is between your ears.
If your ass hurts after eating spicy food, yet you continue to consume spicy and spicier food, you have lost the right to whine about your ass.