We've wasted $6 trillion (!!!) dollars on the "War On Terror". Forgiving $1.6T in student debt that shouldn't ever have existed if government policy had been properly implemented (appropriate funding levels of higher education institutions) seems like good policy; those student loan servicing dollars will go back into the economy for goods and services they otherwise wouldn't.

Fixing poor public policy in this case isn't subsidizing weakness; it's correcting an economic inefficiency. Somewhere between 60-70% of Americans support government funded higher ed; this is simply enacting it a bit later, retroactively (and based on polling, the support is there).

To put this into perspective, it ($1.6T) is less than 3 years of US military spending at current funding levels [1]. Pain is to be expected as the country unwinds poor decisions (education and healthcare in its current forms). Macro economic decisions should not be made emotionally, so squash the desire to argue moral hazard. We've burned up far more dollars as a country on far worse decisions.

Disclaimer: Sanders supporter, no college, no student loans

[1] https://www.thebalance.com/u-s-military-budget-components-ch...